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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.

 

Nonsense surrounds Virginia's tax policy

Steve Haner, a former lobbyist, is a contributing editor to the Virginia public policy blog Bacon's Rebellion and senior fellow at the Thomas Jefferson Institute for Public Policy. Despite Republican ...

Published:  Fri, 07 Sep 2018 15:03:00 GMT



Editorial: Virginia's coming tax debate

Brace yourself. Virginia is about to start talking about taxes. Not raising them, but whether to keep to keep a windfall of revenues from taxes that got raised without anyone actually voting for them. ...

Published:  Sat, 08 Sep 2018 21:00:00 GMT



Comprehensive Leased Assets Solution from Bloomberg Tax Helps Companies Comply with New Lease Accounting Standards

ARLINGTON, Va., Sept. 17, 2018 /PRNewswire/ -- Bloomberg Tax today announced the release of a new lease assets solution designed to help organizations address and comply with the new FASB ASC 842 stan...

Published:  Mon, 17 Sep 2018 07:00:00 GMT



West Virginia tax collections above estimates in August

CHARLESTON, W.Va. (AP) -- West Virginia Gov. Jim Justice says state tax collections in August were $33.4 million above estimates. Justice says collections of $352.3 million last month were about 15 pe...

Published:  Tue, 04 Sep 2018 17:23:00 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



1st days of legal sports betting generate about $29K in tax

CHARLESTON, W.Va. - The West Virginia Lottery says the first official tax week of legal sports betting in the state will yield around $29,000 in tax revenue. Acting Lottery Director Doug Buffington's ...

Published:  Thu, 06 Sep 2018 18:54:00 GMT



California prepares for a new war over soda taxes - and it could spill over into the 2020 election

A proposed ballot measure backed by California doctors to tax sugary drinks was given the nod by the state to start collecting signatures to qualify for the 2020 ballot. The measure seeks to use state ...

Published:  Fri, 07 Sep 2018 12:14:00 GMT



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