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...
Some Virginia consumers may find themselves overwhelmed by credit card debt. The efforts of credit card companies to collect on that debt usually begins with letters asking people to pay. However, once those debts go to a collection agency, the pressure may become...
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...
Overwhelming debt can affect anyone due to losing a job, accumulating credit card debt or running into unexpected medical expenses. Over 700,000 individuals in the United States filed for personal bankruptcy in 2017. Naturally, personal bankruptcy rates vary by state...
When you are facing big debt problems and considering bankruptcy, there are many things it can be critical to be aware of. One is what protections the bankruptcy process typically provides. One such protection that individuals might find particularly attractive is the...
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...
Time and money are two life aspects that are always interacting with us moment-by-moment. The decisions we make are easily influenced by the amount in our bank account or available line of credit. The thought of facing your credit score or really looking at how much...