How to Eliminate Debt in Virginia

The Civil War left an indelible and bloody scar on the state of Virginia.

As the birthplace of America’s colonial settlements, English separatists first arrived at Jamestown in Virginia in 1607.

That history was often blemished by first winning the trust of native people and then exterminating them so the colonists could flourish. That same belief held true with enslavement of Africans to pick cotton or harvest tobacco on the state’s burgeoning agricultural industries.

After the Civil War, Virginia had a difficult time accepting racial equality and civil rights. But the state has grown into a diverse economy stronghold that still harkens back to the state’s roots in farming and tobacco as well as a major ship building spot.

Big cities dot the scenic landscape like Virginia Beach, Norfolk, Chesapeake and Richmond.

The Overall Debt Situation in Virginia

Virginia has the 14th highest debt rate in the U.S. with $27.8 billion in debt. Accounting for that debt most likely is the fact that Virginia boasts the third highest credit card debt average at $7,161 per household.

In fact, Virginians have high amounts of every type of debt including credit card debt and student loan debt. It’s no wonder that Virginia ranks in the Top Ten states for those types of debt.

The good news is the average household income exceeds $60,000 per year which is the eighth best in America.

The state as a whole has a $38 billion student loan debt with the average student household accruing just over $37,000 in student loan debt.

Virginia Debt Fast Facts

  • Population: 8.5 million
  • Median Household Income: $37,442
  • Average Credit Score: 680 (the national average is 669)
  • Average Credit Card Debt: $7,161
  • Average Student Loan Debt: $37,244
  • State Debt Total: $27.8 billion

Debt Relief Laws That Protect Virginia Residents

Disclaimer: The information shared herein is intended to be a free resource for Virginia consumers looking to dismiss debt and does not constitute legal advice.

Whether battling credit card debt, medical debt or private student loan debt, Virginia has long been known for passing laws that aggressively protect its citizens.

If you are embroiled in a deepening debt situation in Virginia, Resolvly can help find an expert team of seasoned debt resolution lawyers to help eliminate debt or at least dismiss debt as soon as possible.

The Fair Debt Collection Practices Act

There are many ways to find debt relief and fight harassing debt collectors and avoid or defend a debt lawsuit. In one case, every consumer has specific rights invoking the federal laws outlined in the Fair Debt Collection Practices Act (FDCPA).

The FDCPA as it relates to Virginia residents specifies how to eliminate debt by enforcing your consumer rights against harassing debt collectors. For example, a collector can only call an individual between the local hours of 8am and 9pm. In addition, collectors cannot harass individuals or threaten a citizen with bodily harm or the potential of arrest.

Virginia locals in debt also have the ability to stop collectors from repeat callings by sending a physical letter to the agency requesting a cease and desist from the pestering calls. If the FDCPA is violated, a debt resolution company can find you debt defense attorneys who can help you get out of debt and also seek damages and attorney fees.

The Fair Credit Reporting Act

Another consumer protection law designed to assist Virginia residents from false or misleading credit information is the Fair Credit Reporting Act (FCRA). The FCRA protects the privacy and accuracy of your personal credit history. If an entity violates your rights outlined in the FCRA, there are legal actions that could not only dismiss debt, but earn monetary damages in addition to the recoupment of attorneys’ fees.

There are other debt collection acts unique to the state of Virginia that a debt resolution attorney can use to defend you in case of a debt lawsuit.

Let Resolvly Find The Right Debt Relief Lawyer

When it comes to dealing with debt – whether medical debt or credit card debt – ignoring the problem won’t make it go away. Utilizing the legal referral service of Resolvly, can help you hire a lawyer to get out of debt by helping you understand your specific circumstances, and clear the path to debt relief and debt resolution.

We work with consumer protection lawyers trained in debt relief to protect your rights, fight harassing debt collectors and hopefully eliminate debt completely.

Resolvly helps you hire a lawyer to help dismiss debt so that you can live debt free. Our goal is to help you attain true financial freedom and debt resolution. We offer a free consultation designed to refer you to a consumer defense attorney who will work to eliminate your debt. Simply call 866-955-5047 to speak with a debt freedom specialist who will help guide you on the path toward debt resolution so you can once again be debt free.

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