In 2017, there were 765,863 non-business bankruptcy filings throughout America. While it may be an emotional decision to file, Virginia residents and others can get past the short- and long-term consequences of doing so. For instance, taking out a secured credit card...
Month: April 2018
Bankruptcy and tax debts
Debtors in Virginia who have debts that they are unable to pay off may want to consider filing for bankruptcy. However, they should understand exactly what the process can do.Debtors should not make the mistake of believing that a bankruptcy will result in the...
How to obtain financial assistance for medical bills
Some Virginia residents struggle to pay medical debts regardless of how much money they make. In fact, the Federal Reserve found that nearly half of respondents to a survey said that they received such a bill in the past year that they can't pay. However, those who...
The most common reasons people file for bankruptcy
Time and money are two life aspects that are always interacting with us moment-by-moment. The decisions we make are easily influenced by the amount in our bank account or available line of credit. The thought of facing your credit score or really looking at how much...
How to build credit after bankruptcy
Virginia residents who have filed for bankruptcy, might wonder if they will be able to reestablish a quality credit rating. A survey by Lending Tree found that its users who had filed for bankruptcy within the previous three years were offered mortgages at an average...