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Michael D. Hart, P.C.
Helping You Move Forward Free Of Financial Problems
Areas & Topics

July 2019 Archives

Indirect methods of accruing credit card debt

Credit cards can be effective tools when Virginia residents are planning a vacation. This is because many cards offer cash back, airline miles or other perks that can be used to pay for a hotel or a rental car. However, using a credit card can also make a vacation more expensive than it needs to be. This can be especially true for those who want to take a trip now and pay for it later.

Credit card debt may be harder for women to repay

Credit card debt levels continue to rise in Virginia and throughout the country. The average credit card debt balance is $5,700, and women tend to have more difficulty paying down their balances in full. There are many possible reasons to explain why this may be the case. First, some believe that women don't have the same level of financial literacy as men do. However, this is not necessarily their fault.

FTC reveals entire industry behind robocalls

A recent crackdown by the Federal Trade Commission revealed that robocall operations out of Virginia and other states were tied to large illegal organizations. This most recent action by the FTC targeted groups that tried to sell fake products, multilevel marketing schemes or real products marketed using illegal tactics. The crackdown provides the clearest picture yet of the people and structures behind these illegal activities.

Tips for dealing with a debt collection lawsuit

Some people in Virginia who have unpaid debt might eventually face one or more lawsuits. This can be stressful, and individuals who have no money may be tempted to ignore them. However, there are steps people can take to defend themselves against these lawsuits and possibly get them dismissed. Furthermore, failing to respond can lead to a judgment by default, resulting in such actions as wages being garnished. In responding to the lawsuit, people should not admit that they are liable for the debt.

The pros and cons of having multiple credit cards

It isn't uncommon for Virginia residents and others to have more than one credit card. In fact, there can be a variety of benefits to having multiple cards. Those benefits include having more money to handle an emergency situation and a greater chance of having a lower credit card utilization rate. However, it is important to know how to manage credit card debt as it can be easy to use the entire available balance or forget to make a payment.


Michael D. Hart, P.C.
19 Church Street Southwest
Roanoke, VA 24011

Phone: 540-627-6520
Fax: 540-342-7655
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