Many Virginia consumers struggle to make ends meet. They may rely on credit cards to cover expenses, and the result is a growing amount of debt. At the end of 2018, people across the country owed around $900 billion in credit card debt. This marks an upswing from 10...
Month: October 2019
The cost of bankruptcy
Many people living in Virginia and around the country struggle with high levels of debt. While most people genuinely want to pay their creditors, the level of debt could be out of control, and an individual or couple may not be able to ever repay what they owe. In...
Millennials are facing overwhelming debt. Is there a way out?
When a Virginia reader is dealing with debt, he or she may decide to take a look at the budget, perhaps get a second job and focus on paying down the balance for a few years. Sometimes, this works, and a person can get rid of his or her debt through discipline and...
Bankruptcy may be right for some people
For some Virginia residents, filing for bankruptcy can be a drastic step. For others, though, it can be a tool that will help them get back on their feet and start over with a clean slate. In addition to finding out if a person actually qualifies for bankruptcy, there...
Knowing when it’s time to file for bankruptcy
Bankruptcy could be an effective way for individuals in Virginia and elsewhere to get a handle on their finances. However, there are many factors an individual should consider before doing so. For instance, the type of debt a person has may determine if bankruptcy is...
Student loan debt can be crippling
Debt seems to be a way of life for many Virginia residents. In a perfect world, it would be better to first earn the money before spending it, but there is a general concept of what is considered "good" debt. A mortgage on a home, for instance, falls into that...