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...
Roanoke Virginia Bankruptcy Law Blog
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...
What patients should know about paying medical bills
Medical bills are a common reason why individuals throughout Virginia and the rest of the country file for bankruptcy. A TD Ameritrade study found that it was the most common reason why a person may consider liquidating a retirement account. However, it may not be...
Want to know if Chapter 7 relief is an option for you?
If you are drowning in debt, you are not alone. Numerous Virginia residents are struggling to meet their debt obligations. Like the many other individuals in the same situation, you are probably looking for ways to get out of debt for good. Various debt relief options...
Getting through the holidays without overspending
It isn't uncommon for Virginia residents and others to do the bulk of their holiday shopping in the first few days after Thanksgiving. This is a time when retailers throughout the nation offer discounted prices and other deals designed to get people to spend money....
Credit cards help pay for the holidays
Virginia residents may not necessarily be against using a credit card to fund their holiday shopping. A study from Creditcards.com found that 51% of respondents who had credit card debt were willing to go deeper into debt during the holidays. It also found that 50% of...
Struggling with debt collection calls?
Many Virginia consumers find it difficult to make ends meet. They may turn to credit cards or loans to cover their expenses when they are unable to. Unfortunately, it can be difficult for people to find their way out of debt, especially if they are struggling with job...
Credit card debt is on the rise
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...
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...