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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.


Restaurant improperly collected city sales tax

The discrepancy was first noticed and brought to the attention of both the West Virginia State Tax Department and Golden Corral in March, not by city or state officials, but by a customer. However, th...

Published:  Fri, 20 Jul 2018 21:12:00 GMT

Virginia Center Commons mall owner pays only part of his back taxes

The owner of Virginia Center Commons is whittling down the mall's past due tax bills, according to Henrico County tax officials. Earlier this year, the mall owed more than $277,000 in back taxes, pena...

Published:  Fri, 20 Jul 2018 05:56:00 GMT

Martinsburg sales-tax revenue surges past $4.2M

The city of Martinsburg's 1 percent municipal sales tax generated $4.2 million for the city in fiscal 2017-18, which ended June 30. The $1,137,218 distributed to the city for the fiscal year's last qu...

Published:  Thu, 19 Jul 2018 19:07:00 GMT

Tax Laws Bite California's Housing Market: Virginia Postrel

(Bloomberg Opinion)-Forty years ago last month, Californians passed Proposition 13, the property-tax limitation that helped spark a national tax revolt. It's still popular. In a March survey by the Pu...

Published:  Mon, 16 Jul 2018 08:24:00 GMT

States Should "ėTake the Long View' on Sin Taxes, Report Says

Tax revenues on certain products and activities are unstable ... For example, after the MGM National Harbor casino opened along Maryland's waterfront border with Virginia in 2016, five older casinos i...

Published:  Thu, 19 Jul 2018 08:13:00 GMT

MILITARY UADATE: Number of disabled vets to get tax refunds jolts law's backers

Disability severance recipients would have to gather documents to prove the injuries was combat related and then file amended income tax return for refunds. In 1991, however, the U. S. District Court ...

Published:  Fri, 20 Jul 2018 07:56:00 GMT

Recent sales tax increase sets confusion outside city limits

5 News reached out to the West Virginia Secretary of State's office ... But they do advise consumers to complete a form on the tax department's website. "Fill it out, submit that along the receipt to ...

Published:  Fri, 20 Jul 2018 15:38:00 GMT

California's 'Lock-in' Tax Laws Cause Owners to Stay Put: Change is Afoot

Bloomberg columnist Virginia Postrel sums up Prop 13 arithmetic like this: Prop 13 limited local property taxes to 1 percent of purchase price (or of the assessed value in 1975) and capped subsequent ...

Published:  Thu, 19 Jul 2018 06:00:00 GMT

West Virginia County Follows the State's Lead with Transparency Initiative

"West Virginia is in the 21st century. We have a government that is transparent and modern and non-corrupt." "I thought, if we could show in real time how our tax dollars are being spent, that can go ...

Published:  Wed, 18 Jul 2018 17:50:00 GMT

Vacant Macy's building at Virginia Center Commons under contract to be sold to local investment group

Great Neck, N.Y.-based Kohan Retail Investment Group bought Virginia Center Commons in January 2017 for $9 million. Kohan Retail is past-due on its real estate tax bills, according to Henrico tax offi...

Published:  Fri, 20 Jul 2018 15:16:00 GMT

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