If a person in West Virginia has health insurance, it may still be hard to pay medical bills that he or she incurs to treat a medical condition. According to the Kaiser Family Foundation, 43 percent of adults with insurance said that they struggled to pay their...
According to information from the United States Census Bureau, the credit agency TransUnion and the Federal Reserve, people in Maryland and the rest of the country repaid $40.3 billion of credit card debt during the first three months of 2018. The amount represents...
Virginia fans of rapper Lil' Kim might have heard that she recently filed for Chapter 13 bankruptcy. She did so just before her home in New Jersey, a gated mansion worth $2.3 million, was foreclosed upon. The house is set to be auctioned on June 29. The rapper owes...
Filing either a Chapter 7 or Chapter 13 personal bankruptcy allows Virginia residents with overwhelming debt to take control of their financial situations and offers them the possibility of a fresh start. Filing a Chapter 7 petition may be the fastest and most...
According to Equifax, the delinquency rate on store-branded credit cards is 4.65 percent, which is the highest since the beginning of 2011. The delinquency rate was 4.08 percent in March 2017. Virginia residents should know that they must still pay down a store credit...
Consumers in Virginia and across the U.S. have been increasing their debt over the last few years, according to a new analysis by LendingTree. The loan comparison website said that consumer debt has been rising since 2012 and is expected to hit an all-time high of $4...
According to research by the credit reporting agency Experian, residents of Virginia had the third-highest credit card balance in the country in 2017 with an average of $7,161. The state with the least credit card debt was Iowa, averaging $5,155 while the highest was...
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...
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...
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...