Most Americans are unprepared to pay off medical debt, but there are steps people in Virginia can take to better insulate themselves against these types of costs. The first step is to build an emergency fund. This should be three months of expenses or at least the...
Month: December 2019
Why it is difficult to discharge student loans in bankruptcy
People in Virginia who are struggling with student loan debt might be considering filing for bankruptcy. However, even though Americans have a cumulative student loan debt that is more than $1.5 trillion, most student loan obligations cannot be discharged in...
Virginia residents and others spend tax refunds like this
You might be one of many Virginia residents who are eagerly awaiting the new year. Perhaps, you have already written a list of goals you'd like to aim for to improve your health, find a life partner or save more money. Maybe you're among those who are most excited...
An overview of rules debt collectors must follow
Virginia residents who owe money to credit card companies, hospitals or other creditors may have their debts sold to collection agencies. Those agencies may then attempt to contact a debtor by mail or phone. While it is legal to apply pressure to debtors, they are not...
Three options for keeping medical debt off credit cards
When looking at the statistics, it seems that Virginia residents have more money to spend on purchases and savings. Since the year 2009, the median household income has gone up by 30%. While this rise in income has its benefits, medical costs are actually growing...
Rebuilding credit after a bankruptcy
Virginia residents who are struggling to pay their bills and face daily harassment from collection agencies are sometimes reluctant to pursue debt relief because they are worried about the impact that filing a bankruptcy would have on their credit scores. While...