Search Collection Agencies in Wyoming

Directory >> USA >> Wyoming

List of collection agencies in Wyoming

• • Collection Professionals Inc : Sheridan
  • AIM Corp Casper
  • American Collection Systems Inc (ACSI) :Laramie
  • Wyoming Credit Association Inc : Evanston

Need a collection agency in WY?  Contact us

Debt Collection Laws in Wyoming

1. Fair Debt Collection Practices Act (FDCPA): Like all states, Wyoming is subject to the federal Fair Debt Collection Practices Act. The FDCPA applies to third-party debt collectors and prohibits them from using deceptive, abusive, or unfair practices when collecting a debt.
2. Statute of Limitations: In Wyoming, as of 2021, the statute of limitations for written contracts and open accounts (such as credit cards) is 8 years. For oral contracts, it is also 8 years. Once this period has passed, debt collectors cannot sue to collect the debt. Note that acknowledging the debt or making a payment can restart the statute of limitations.
3. Wage Garnishment: In Wyoming, if a creditor has obtained a judgment against a debtor, they may be able to garnish wages. Federal law limits garnishment to the lesser of 25% of disposable earnings or the amount by which weekly disposable earnings exceed 30 times the federal minimum wage, and Wyoming generally follows these limits.
4. Bank Account Levies and Property Liens: After obtaining a judgment, a creditor may seek to levy a debtor’s bank account or put a lien on the debtor’s property. Wyoming law provides certain exemptions that may protect a portion of the debtor’s assets.
5. Communication with Debt Collectors: Under the FDCPA, debt collectors are subject to restrictions on their communication practices. For example, they cannot contact debtors at inconvenient times, harass them, or communicate with third parties about the debtor’s debt without permission.
6. Exemptions: Wyoming law provides various exemptions to protect a debtor’s property from being seized to pay a judgment. This includes exemptions for homesteads, personal property, wages, and certain types of income such as social security and retirement benefits.
7. Licensing: As of 2021, debt collectors operating in Wyoming do not necessarily need a specific license for debt collection, but they must comply with federal and state laws.

Please remember that laws and regulations can change over time. For the most current information and advice on dealing with debt collectors in Wyoming, it is advisable to consult a lawyer or legal aid organization.