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      September 25, 2018

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Debt Consolidation in Virginia

Virginia MapEven though the unemployment rate in Virginia is one of the lowest in the nation, there are still many people who are suffering from underemployment. Being underemployed means that you are receiving a regular paycheck, but the income isnít enough to cover your living expenses. People who find themselves in this position often dig into large amounts of debt, because they are just looking for ways to get by from one month to the next.

The median income in Virginia is fairly high compared with other states, but the median income doesnít give an accurate picture about the personal debt that is being accrued. Some people might be earning a reasonable income, and at the same time they are spending more money than they are bringing in. A common solution to these personal debt problems is to turn to debt consolidation to make it easier to pay off the debt and get ahead financially.

Virginia has a wide variety of income sources, including business, farming, military, and government jobs. At the same time, Virginia is an employment-at-will state, which means that anyone can be let go at any time. Unexpected unemployment might result in a situation where you need to consider debt solutions because you donít have the cash flow to pay for living expenses while you are out of work.

Debt consolidation is a great solution to consider if you canít keep up with your cost of living. Some people find that it is too much of a hassle to juggle multiple debtors and keep up with all of the payments that are required. With a consolidation solution, all of your debts are rolled into one easy payment, so that you have the ability to get caught up on your bills and create the possibility of future financial success. When you can meet your monthly payments, it is much easier to pay down the balances and even save a little extra money in the bank.


Daily Mail editorial: West Virginia can't afford to tax itself out of business

Representatives of West Virginia's extraction industries gave a message to legislators during interim meetings Tuesday: "Whatever you do, don't raise severance taxes." Literally, the message was a lit...

Published:  Tue, 18 Sep 2018 17:00:00 GMT

Virginia accountants call for 'early and complete conformity' with new federal tax law, delay on policy changes

Virginia's certified public accountants want policymakers to conform the state's tax code with the new federal tax law both quickly and completely, while delaying major changes in tax policy until aft...

Published:  Tue, 18 Sep 2018 11:30:00 GMT

U.S. approves new taxes to be paid by Virginia hospitals as state moves toward Medicaid expansion

Virginia has secured federal approval of two new taxes paid by hospitals that will fund the state's share of expanding its Medicaid program under the Affordable Care Act, while boosting the reimbursem...

Published:  Sat, 22 Sep 2018 19:25:00 GMT

City EDA approves no-net-loss tax incentive for Peninsula Ace Hardware

(Rodrigo Arriaza / Virginia Gazette) The Williamsburg Economic Development Authority unanimously approved a no-net-loss tax incentive to Peninsula Ace Hardware at a meeting Tuesday after discussing th...

Published:  Thu, 13 Sep 2018 15:23:00 GMT

Range tax levies differ

"The property tax levy is the portion of the overall budget that comes ... The first will be at the courthouse in Virginia on Nov. 29 at 7 p.m. The second meeting will be at the courthouse in Duluth o...

Published:  Sat, 22 Sep 2018 19:43:00 GMT

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