Start My Answer

How to Get Debt Relief in Montana

George Simons | July 21, 2022

Get the debt relief you need

Summary: If you're struggling with debt in Montana, SoloSuit can help you find the relief you need.

The Coronavirus pandemic adversely impacted the economies of every state, including Montana. The number of tourists and visitors to “Big Sky Country” declined by roughly 10%, and consumer spending dropped by 7% in 2020. As a result of the economic hardship, many Montana residents saw their overall debt load increase.

For example, the average mortgage balance for a Montana resident increased from $180,711 in 2019 to $189,021 in 2020. This increase was actually the ninth largest in the entire country. Similarly, the amount of auto loan debt for Montana residents increased from $20,046 in 2019 to $21,135 in 2020. This was the eighth largest increase in the entire country.

If you live in Montana and are having a hard time paying down your debt, then it may make sense to explore how to get debt relief in Montana.

Utilize these debt relief programs in Montana

Montana residents having a hard time landing employment, securing housing, or paying off their bills each month could meet eligibility standards for financial assistance through a variety of federal and state programs. Check out these Montana debt relief programs to see if you qualify:

  • Assets for Independence or Family Economic Security (AFI): The AFI program focuses on assisting residents who are in poverty and taking steps to get them to achieve self-sufficiency. AFI offers matched savings accounts, a plan referred to as the Individual Development Accounts, to teach the impoverished the impact that saving money can have on their self-sufficiency.
  • Home Investment Partnerships Program (HOME): The HOME program is focused on helping create affordable housing for low-income residents of Montana.
  • Low-Income Home Energy Assistance Program (LIHEAP): This state program offers assistance to low-income residents in covering the cost of utility expenses (e.g., heating and cooling bills, water bills, etc).
  • The Volunteer Income Tax Assistance program (VITA): Offers free tax help to residents with household incomes less than $54,000. Volunteers are in place to help Montanans with basic federal and state income tax returns. There is a free electronic filing service in place for most 1040 Forms.
  • Wheels for Work Program: This program is available to residents living in Yellowstone County. It is designed to help remove barriers to transportation that often prevent low-income individuals from securing employment. Please be advised that, in order to qualify for this program, residents of Yellowstone County must have an income below 125 percent of Federal Poverty Guidelines and are required to show 30 days of income verification.
  • Montana Subsidized Employment Program: This program is administered through the Montana Department of Labor and Industry. The program offers assistance to residents who are having difficulty obtaining or retaining employment. The Department of Labor also provides similar training programs that might help someone secure employment that will ultimately ensure they are self-sufficient and can pay their monthly bills.
  • Private Student Loan Relief: Provides a network of financial counselors who link troubled families with trustworthy agencies for financial assistance with private student loans.

Recognized Strategies for Paying Down Debt

There are two effective strategies many people have used to steadily pay down their debt. These strategies are commonly referred to as a “snowball” strategy and the “avalanche” strategy. Let's take a look at each:

  • Snowball strategy: With the debt snowball strategy, you begin by paying your smallest debt first and continue to make minimum payments on other debts to ensure you do not go into default. After you pay off the smallest balance, you then take that payment and roll it into the amount being applied toward your next balance. Once that balance is paid, you roll both payment amounts to the next highest balance and so on.
  • Avalanche strategy: With the debt avalanche strategy, you begin by paying down the balance with the highest interest rate while continuing to pay the minimum payments on all of your other debts. When that balance is paid, you redirect that same payment towards another balance with the second highest interest rate, and so on.

Consider applying for a debt consolidation loan

In addition to the debt paydown methods described above, you may want to consider applying for a debt consolidation loan. This can be an effective strategy for managing and paying down your debt load. Why should you consider a consolidation loan? Well, this type of loan affords you the opportunity to combine your debt from different creditors so you only have to worry about making one payment toward one loan. For many people, this is preferred over paying multiple creditors each charging separate fees and interest rates on revolving balances.

In addition to simplifying your monthly debt payments, a consolidation loan could save you money on interest and fees. For example, if you are carrying balances on multiple high-interest credit cards charging anywhere between 18 percent and 25 percent, you may be able to get a loan at a much lower interest rate (ranging between 10 percent and 15 percent). If you can lock in a reduced interest rate, it can result in significant savings in the amount you shell out to service the debt and a lower monthly payment.

Know your rights under Montana debt collection laws

Along with the Federal Debt Collection Practices Act (FDCPA), Montana has debt collection laws in place to protect consumers, like you, from unfair debt collection tactics.

The statute of limitations on debt in Montana prevents debt collectors or creditors from suing people for old debts. In order for a debt to be suable, it must fall within the deadline of the statute of limitations. If no payments have been made on the debt since before the statute of limitations passed, and no responsibility has been taken for it, then no legal action can be pursued.

Know the statutes of limitations on different types of debts in Montana so you can protect yourself:


Montana Statute of Limitations
on Debt

Debt Type

Deadline in Years

Written

8

Oral

5

Open Accounts

5

Judgments

10


Summary of How to Achieve Debt Relief in Montana

If you reside in Montana and are struggling with a significant amount of debt (whether that be credit card debt, student loan debt, medical debt, etc.), do not throw your hands up in despair and embrace a life where you are perpetually dragged down by debt service payments. There are options available to show you how to get debt relief in Montana. Those options usually include:

  • Utilize Montana debt relief programs
  • Use the snowball or avalanche strategies to pay off your debt
  • Apply for a debt consolidation loan
  • Know about Montana debt collection laws

No matter the option you choose, SoloSuit is here to help. If you have been sued for debt, you can use SoloSuit's free Answer form to respond and win in court.

Learn more about how to respond to a debt lawsuit from SoloSuit's CEO, George Simons, in this video:

What is SoloSuit?

SoloSuit makes it easy to fight debt collectors.

You can use SoloSuit to respond to a debt lawsuit, to send letters to collectors, and even to settle a debt.

SoloSuit's Answer service is a step-by-step web-app that asks you all the necessary questions to complete your Answer. Upon completion, we'll have an attorney review your document and we'll file it for you.

Respond with SoloSuit

"First time getting sued by a debt collector and I was searching all over YouTube and ran across SoloSuit, so I decided to buy their services with their attorney reviewed documentation which cost extra but it was well worth it! SoloSuit sent the documentation to the parties and to the court which saved me time from having to go to court and in a few weeks the case got dismissed!" – James


Get Started


We have answers.
Join our community of over 40,000 people.

You can ask your questions on the SoloSuit forum and the community will help you out. Whether you need help now or are just looking for support, we're here for you.


Ask a Question


>>Read the FastCompany article: Debt Lawsuits Are Complicated: This Website Makes Them Simpler To Navigate

>>Read the NPR story on SoloSuit. (We can help you in all 50 states.)

How to answer a summons for debt collection in your state

Here's a list of guides for other states.

All 50 states.



Guides on how to beat every debt collector

Being sued by a different debt collector? Were making guides on how to beat each one.


Win against credit card companies

Is your credit card company suing you? Learn how you can beat each one.

Going to Court for Credit Card Debt — Key Tips

How to Negotiate Credit Card Debts

How to Settle a Credit Card Debt Lawsuit — Ultimate Guide

Get answers to these FAQs

Need more info on statutes of limitations? Read our 50-state guide.

Why do debt collectors block their phone numbers?

How long do debt collectors take to respond to debt validation letters?

What are the biggest debt collector companies in the US?

Is Zombie Debt Still a Problem in 2019?

SoloSuit FAQ

If a car is repossessed, do I still owe the debt?

Is Portfolio Recovery Associates Legit?

Is There a Judgment Against Me Without my Knowledge?

Should I File Bankruptcy Before or After a Judgment?

What is a default judgment?— What do I do?

Summoned to Court for Medical Bills — What Do I Do?

What Happens If Someone Sues You and You Have No Money?

What Happens If You Never Answer Debt Collectors?

What Happens When a Debt Is Sold to a Collection Agency

What is a Stipulated Judgment?

What is the Deadline for a Defendants Answer to Avoid a Default Judgment?

Can a Judgement Creditor Take my Car?

Can I Settle a Debt After Being Served?

Can I Stop Wage Garnishment?

Can You Appeal a Default Judgement?

Do I Need a Debt Collection Defense Attorney?

Do I Need a Payday Loans Lawyer?

Do student loans go away after 7 years? — Student Loan Debt Guide

Am I Responsible for My Spouses Medical Debt?

Should I Marry Someone With Debt?

Can a Debt Collector Leave a Voicemail?

How Does Debt Assignment Work?

What Happens If a Defendant Does Not Pay a Judgment?

How Does Debt Assignment Work?

Can You Serve Someone with a Collections Lawsuit at Their Work?

What Is a Warrant in Debt?

How Many Times Can a Judgment be Renewed in Oklahoma?

Can an Eviction Be Reversed?

Does Debt Consolidation Have Risks?

What Happens If You Avoid Getting Served Court Papers?

Does Student Debt Die With You?

Can Debt Collectors Call You at Work in Texas?

How Much Do You Have to Be in Debt to File for Chapter 7?

What Is the Statute of Limitations on Debt in Washington?

How Long Does a Judgment Last?

Can Private Disability Payments Be Garnished?

Can Debt Collectors Call From Local Numbers?

Does the Fair Credit Reporting Act Work in Florida?

The Truth: Should You Never Pay a Debt Collection Agency?

Should You Communicate with a Debt Collector in Writing or by Telephone?

Do I Need a Debt Negotiator?

What Happens After a Motion for Default Is Filed?

Can a Process Server Leave a Summons Taped to My Door?

Learn More With These Additional Resources:

Need help managing your finances? Check out these resources.

How to Make a Debt Validation Letter - The Ultimate Guide

How to Make a Motion to Compel Arbitration Without an Attorney

How to Stop Wage Garnishment — Everything You Need to Know

How to File an FDCPA Complaint Against Your Debt Collector (Ultimate Guide)

Defending Yourself in Court Against a Debt Collector

Tips on you can to file an FDCPA lawsuit against a debt collection agency

Advice on how to answer a summons for debt collection.

Effective strategies for how to get back on track after a debt lawsuit

New Hampshire Statute of Limitations on Debt

Sample Cease and Desist Letter Against Debt Collectors

The Ultimate Guide to Responding to a Debt Collection Lawsuit in Utah

West Virginia Statute of Limitations on Debt

What debt collectors cannot do — FDCPA explained

Defending Yourself in Court Against Debt Collector

How to Liquidate Debt

Arkansas Statute of Limitations on Debt

Youre Drowning in Debt — Heres How to Swim

Help! Im Being Sued by My Debt Collector

How to Make a Motion to Vacate Judgment

How to Answer Summons for Debt Collection in Vermont

North Dakota Statute of Limitations on Debt

ClearPoint Debt Management Review

Indiana Statute of Limitations on Debt

Oregon Eviction Laws - What They Say

CuraDebt Debt Settlement Review

How to Write a Re-Aging Debt Letter

How to Appear in Court by Phone

How to Use the Doctrine of Unclean Hands

Debt Consolidation in Eugene, Oregon

Summoned to Court for Medical Bills? What to Do Next

How to Make a Debt Settlement Agreement

Received a 3-Day Eviction Notice? Heres What to Do

How to Answer a Lawsuit for Debt Collection

Tips for Leaving the Country With Unpaid Credit Card Debt

Kansas Statute of Limitations on Debt Collection

How to File in Small Claims Court in Iowa

How to File a Civil Answer in Kings County Supreme Court

Roseland Associates Debt Consolidation Review

How to Stop a Garnishment

Debt Eraser Review

Do Debt Collectors Ever Give Up?

Can They Garnish Your Wages for Credit Card Debt?

How Often Do Credit Card Companies Sue for Non-Payment?

How Long Does a Judgement Last?

​​How Long Before a Creditor Can Garnish Wages?

How to Beat a Bill Collector in Court