Best Debt & Collection Lawyers in Missouri

Share your needs with us, get contacted by law firms.

Free. Takes 2 min.

Or refine your search by selecting a city:

Stinson LLP
Kansas City, United States

Founded in 2002
985 people in their team
English
Complex legal challenges are best approached with sharp insight and creative solutions. At Stinson, our attorneys combine industry knowledge and business acumen to deliver practical legal guidance to clients ranging from individuals to privately-held enterprises to international corporations. We...
Wasinger Daming, LC
St Louis, United States

Founded in 2002
4 people in their team
English
WASINGER DAMING, LC OVERVIEWWe serve individuals and business ranging in size from small businesses to Fortune 500 companies in the financial, banking, and real estate industries with a broad array of practice areas.The attorneys at Wasinger Daming, LC have extensive expertise in a number of areas,...
Carmody MacDonald P.C.
St Louis, United States

Founded in 1981
106 people in their team
English
Carmody MacDonald P.C. is a St. Louis-based law firm focused on establishing close relationships with clients, serving as valued counselors, and providing exceptional service. Clients choose us because they are looking for practical, cost-effective solutions for complicated legal situations. The...
Kutak Rock LLP.
Kansas City, United States

Founded in 1965
500 people in their team
English
We help communities thriveDevelopment and Improvement Districts is a signature practice of Kutak Rock. More than 50 of our attorneys represent community development and other special districts of all sizes and types, from small, in-fill residential projects to large scale multi-use commercial and...
AS SEEN ON

Browse debt & collection law firms by city in Missouri

Refine your search by selecting a city.

United States Debt & Collection Legal Questions answered by Lawyers

Browse our 1 legal question about Debt & Collection in United States and the lawyer answers, or ask your own questions for free.

Suing someone who owes me money
Debt & Collection
Hi, we will be glad to assist and to help you with your case, kindly call or chat on WhatsApp with me at: 0806-809-5282 or send email to: sksolicitors.ng@gmail.com and please visit our website at: www.sk-solicitorsng.com to read more about our legal services.Thank you and best regards,Kingsley Izimah, Esq.SK Solicitors

About Debt & Collection Law in Missouri, United States

Debt and collection law in Missouri governs how individuals, businesses, and third-party agencies collect unpaid debts. These laws provide rights and protections for both creditors and debtors, setting guidelines for how debts can be collected, how disputes are resolved, and how legal actions are handled. The state follows federal regulations, such as the Fair Debt Collection Practices Act, but also imposes its own rules designed to prevent abusive, deceptive, or unfair collection practices.

Why You May Need a Lawyer

If you face issues related to debt and collection in Missouri, consulting a lawyer can offer several advantages. Common situations where legal help may be necessary include being sued by a creditor, experiencing harassment from debt collectors, disputing the validity of a debt, negotiating settlements, bankruptcy proceedings, or facing wage garnishment or property liens. Lawyers can explain your rights, represent you in court, and help ensure collection agencies follow the law.

Local Laws Overview

In Missouri, debt collection is regulated by both state and federal laws. Key local aspects include:

  • Statute of Limitations: In Missouri, most written contracts, including credit card debts and loans, have a five-year statute of limitations. This means creditors generally have five years from the date of your last payment to file a lawsuit for unpaid debts.
  • Collection Agency Registration: Debt collectors operating in Missouri must be licensed and registered with the state.
  • Wage Garnishment: Missouri law allows a portion of your wages to be garnished for unpaid debts, but restricts the amount to the lesser of 25 percent of your disposable earnings or the amount by which your wages exceed 30 times the federal minimum wage.
  • Fair Debt Collection: The Missouri Merchandising Practices Act also provides consumer protection against unfair and deceptive practices, often invoked in debt collection scenarios.
  • Repossession and Foreclosure: Missouri is a non-judicial foreclosure state, and creditors may seize collateral without going to court under certain conditions, but must follow state rules.
  • Exempt Assets: Certain property and income are exempt from collection or garnishment under Missouri law, such as some household goods, certain types of income, and a portion of home equity.

Frequently Asked Questions

What is the statute of limitations for a debt in Missouri?

Most written contracts, including credit cards and loans, have a five-year statute of limitations in Missouri. Oral contracts are subject to a three-year limit.

Can a debt collector garnish my wages in Missouri?

Yes, but only after obtaining a judgment against you in court. The amount garnished is limited by both state and federal law.

Do I have to pay a debt that is more than five years old?

If the statute of limitations has expired and you have not made any recent payments, a creditor cannot sue you to collect the debt. However, they may still try to collect voluntarily.

Can a debt collector contact me at work?

A debt collector may contact you at work unless you request in writing that they stop. If your employer prohibits these calls, notify the collector for them to stop.

What should I do if I am sued by a creditor?

Do not ignore the lawsuit. Attend all court hearings and consider contacting a lawyer immediately to discuss your options and possible defenses.

How can I stop debt collector harassment?

Send a written request asking the collector to stop contact. If harassment continues, you may have grounds to file a complaint or lawsuit under state or federal law.

Can my Social Security or disability income be garnished?

Generally, Social Security and disability benefits are exempt from garnishment by creditors in Missouri, except for debts like federal taxes, child support, or federal student loans.

Are debt collectors required to verify my debt?

Yes, if you request verification in writing within 30 days of first being contacted, the collector must provide verification before continuing collection efforts.

Is bankruptcy an option for dealing with overwhelming debt?

Yes, bankruptcy can provide relief. Missouri residents must follow federal bankruptcy rules, and some state exemptions may protect certain property. Consult a bankruptcy attorney for details.

What assets are protected from creditors in Missouri?

Certain assets are exempt, including a portion of home equity, specific personal property, retirement accounts, and some public benefits. Exemption laws are detailed and should be reviewed with a legal professional.

Additional Resources

Here are some organizations and agencies that provide information and support related to debt and collection in Missouri:

  • Missouri Attorney General - Consumer Protection Section
  • Missouri Courts - Small Claims & Debt Collection Information
  • Legal Services of Missouri - Debt and Consumer Information
  • Federal Trade Commission (FTC) - Debt Collection
  • Consumer Financial Protection Bureau (CFPB) - Debt Collection Rights

Next Steps

If you need legal assistance regarding debt and collection issues in Missouri, start by gathering all relevant documents, including contracts, communication from collectors, and any court papers. Keep detailed notes of all interactions with collectors. Consider reaching out to legal aid organizations if you have limited income, or contact a private attorney specializing in consumer law. Be proactive in responding to lawsuits or collection notices and always confirm the legitimacy of any debt. Acting promptly can help protect your rights and identify the best solution for your situation.

Lawzana helps you find the best lawyers and law firms in Missouri through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Debt & Collection, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Missouri, United States - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.