Some consumers in Virginia may be struggling more with credit card debt than they were in the past. Bloomberg Intelligence reports that in the first quarter of 2019, the charge-off rate increased to 3.82%. These are loans that credit card companies do not expect to...
The impact of a bankruptcy on a person's credit score depends on a number of different factors. There are cases where a Virginia resident who is struggling to pay debts actually sees an improvement in his or her credit score after filing for bankruptcy. Credit scores...
Those in Virginia and throughout the country who are struggling to manage their finances may find it helpful to file for Chapter 7 bankruptcy. Although it will impact a person's credit score, it may also make it easier to create the foundation for a stronger financial...
March and April are prime months for bankruptcy as people commonly use their tax refunds to pay for the opportunity to do so. Virginia residents may be required to wait until they receive their tax refunds because it is the only way that they can afford to file at...
Calls from debt collectors may be one of the more stressful elements for Virginia consumers who are overwhelmed by their obligations. However, debt collectors are required to abide by certain laws regarding when they contact people and who they are able to contact....
Loaded with debt? Looking for a resolution before you declare bankruptcy? Many people look to debt resolution companies for help when they find themselves in this position.Unfortunately, people in this position are often only delaying the inevitable. For many,...
Even when Virginia patients make an effort to use medical services in their insurance networks, they might fail to avoid out-of-network charges during hospitalization. Many patients understand that costs could be higher from out-of-network providers, but they may not...
Some Virginia residents who are struggling with debt may be considering filing for Chapter 7 bankruptcy. One of the major concerns for many bankruptcy filers is ruining credit scores. However, it is possible to rebuild credit after a bankruptcy. People should keep in...
Many people worry that bankruptcy will forever disrupt their dreams of homeownership. However, purchasing a home after bankruptcy is not impossible, though it may take some time. The length of time will depend on a number of factors including what type of bankruptcy...
Virginia residents may be interested in knowing that although there is no income limit set in order to file for Chapter 13 bankruptcy, there is a limit to the amount of debt one can have. For a person to be able to file for Chapter 13 bankruptcy, their debt must be...