Virginia

Virginia offers an incredible history, notable people, and scenery from the ocean to the Appalachians to the Cumberland Plateau. Virginia has a diverse economy based on federal government, military, agriculture, and business. Virginia is ranked #12 for population and #14 for population density.

As of 2018, over 8.5 million people called Virginia home. Virginia Beach is the largest city in Virginia.

Pacific Debt offers a FREE Consultation to anyone looking at debt settlement options. Our Virginia Debt Relief Program is designed to try to get you out of debt in two to four years.

4) How Often Can You File Bankruptcy?

As a general rule:

Income

The median state income is $68,114. As of 2018, the minimum wage is $7.25 per hour. Unfortunately, 13.9% of Virginian children under 18 live in poverty. For residents overall, 11% of all people in Virginia live under the poverty level.

  • Median state income: $68,114
  • Minimum wage: $7.25/hour
  • Children in poverty: 13.9%
  • People in poverty: 11%

Homeownersin Virginia

More than half (67.5%) of Virginians hold a mortgage. The median home price in Virginia is $251,100 (2018). Of course, that median price depends on the location with some areas being much higher.

  • Homeowner rate: 67.5%
  • Median home price: $251,100

Employment in Virginia

Virginia has a current employment rate of 3.4%. However, the underemployment rate is 9.1%. Underemployment is the percentage of civilian workers who are unemployed, employed part-time or are not seeking employment.

If this is you, we can help. Pacific Debt offers Virginia debt relief solutions tailored to your unique situation and budget. Our certified counselors help you work up a budget and explain your options.

  • Unemployment: 3.4% (2018)
  • Underemployment: 9.1% (2017)

Virginia Debt

Virginians carry a lot of debt. The average credit card debt is $7,867 (2018). The average student loan debt is $28,751. In addition, Virginia is in the top 10 states with the highest average mortgage debt. When you add all that debt on top of the cost of homes (rental or owned), versus the median income, it is very easy for Virginians to get into debt.

  • Avg credit card debt: $7,867 (2018)
  • Avg mortgage debt: $246379 (2017)
  • Avg student loan debt: $28,751 (2017)

Statute of Limitations in the state of Virginia

Virginia’s statute of limitations lays out maximum time periods that debt collectors can take action against a delinquent debt. These statutes of limitations begin on the date that your debt goes delinquent.

For debts taken out in Virginia, the following are the statutes of limitations for different types of debt.

  • Oral agreements: 3 years
  • Written contracts: 5 years
  • Promissory notes: 6 years
  • Credit cards and other revolving loans: 6 years

Virginia Debt Relief & Debt Consolidation

If you have more debt than you can pay off, Pacific Debt can help you consolidate your debt and learn to live debt free. Since 2002, we’ve settled over $200 million in debt for thousands of clients. We are a nationally top-ranked debt relief company located in San Diego.

We will help you work through our proven and comprehensive debt relief program. Your certified debt relief counselor will review all your options. If debt settlement is right for you, we move forward with our debt consolidation program and work to save you money. Pacific Debt can help with most unsecured debt like credit cards, personal loans, medical bills, and repossessions.

It is not an easy process and it won’t happen overnight, but you can do it. Pacific Debt will be there every step of the way to help.

Debt Collection Laws

Virginians are protected against unscrupulous debt collectors. The federal Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using abusive or harassing bill collection practices. If you are a victim of any of these actions, you may take legal action against them.

Overall, debt collectors can NOT:

  • Charges more than 10% interest
  • Garnish more than 25% of wages
  • Use/threaten physical force or criminal tactics to harm you, your property, or your reputation
  • Accusing you of committing a crime for not paying the debt
  • Make/threaten to make defamatory statements to someone else
  • Threaten arrest, to seize assets, or garnish wages, unless actually planning to take such action
  • Use obscene or profane language
  • Cause you to spend money you wouldn’t otherwise have spent (ie long-distance telephone calls)
  • Call you repeatedly or let your phone ring repeatedly
  • Call frequently
  • Contact your employer, except to verify employment or health insurance status, garnish wages or locate you
  • Reveal information about debt to anyone except your spouse or your parents if a minor.
  • Publicly publish your name for failing to pay
  • Send a postcard or letter with revealing information on the envelope
  • Claim to be someone other than a debt collector, including a governmental official
  • Use stationary that appears to be from a law firm
  • Charge you collection or attorney’s fees unless legally allowable
  • Threaten to report you to a credit reporting agency if they have no intention of doing so
  • Send a letter claiming to come from a claim, credit, audit, or legal department unless it actually is

Debt collectors must:

  • Disclose caller identification
  • May contact your family to locate you
  • Must serve you with notice of a lawsuit if suing you

Bankruptcy Court Information

Bankruptcy is a legal action that can erase most of your debt as well as your credit history. It is not an action to take lightly. If you do, you must follow the following steps in Virginia.

Persons filing for bankruptcy must:

  • Complete credit counseling within six months before filing for bankruptcy.
  • Complete a financial management instructional course after filing bankruptcy.
  • Complete a Bankruptcy Act Means Test to determine if you are eligible for a Chapter 7 or 13 bankruptcy
  • Itemize current income sources; major financial transactions; monthly living expenses; debts (secured and unsecured); and property (all assets and possessions, not just real estate).
  • Collect last 2 years of tax returns, deeds to real estate you own, car titles, and loan documents
  • File for bankruptcy
      • Chapter 7 bankruptcy fee is $306
      • Chapter 13 bankruptcy fee is $281
  • Meet with court assigned bankruptcy trustee
  • Attend a Meeting of Creditors
  • Confirm plan if filing for Chapter 13 bankruptcy

DISCLAIMER: We are not lawyers and are not giving legal advice. Before filing bankruptcy, talk to a lawyer in your state.

Virginia Better Business Bureau

Pacific Debt is an A+ rated business with the BBB. We have been accredited since 2010. We have received 4.87 out of five stars based on 40 customer reviews with the BBB.

Virginia Debt Relief Reviews

by Dee S.
I am currently in the first stage of…
I am currently in the first stage of the program and so far it has been a great experience. Everyone I have talked to has been very professional and empathetic to our situation. I can only hope that the rest of this process goes as well and I can be free of debt with no regrets.
by Customer
I have had a great experience so far
I have had a great experience so far. I would recommend this company to help take control of your finances.
by Rich H
New Begining
If you are thinking there is no end insight and seeing half of your monthly payments going in their bank while the only means for daily needs is another swipe digging the hole deeper. Do yourself a favor do your homework than call Pacific Debt. and listen to your wayout. They work with you so you can see an end and in good time so you realize the sooner you start you can count down to the new begining.

Virginia Cities Served by Pacific Debt

Abingdon
Accomac
Adwolf
Alberta
Alexandria
Altavista
Amherst
Annandale
Appalachia
Appomattox
Aquia Harbour
Arlington
Ashland
Atkins
Bailey’s Crossroads
Bassett
Basye-Bryce Mountain
Bedford
Belle Haven
Belle Haven
Bellwood
Bensley
Berryville
Big Stone Gap
Blacksburg
Blackstone
Bloxom
Bluefield
Blue Ridge
Bon Air
Boones Mill
Bowling Green
Boyce
Boydton
Boykins
Branchville
Bridgewater
Bristol
Broadway
Brodnax
Brookneal
Buchanan
Buena Vista
Bull Run
Burke
Burkeville
Cana
Cape Charles
Capron
Castlewood
Cave Spring
Cedar Bluff
Centreville
Chamberlayne
Chantilly
Charlotte Court House
Charlottesville
Chase City
Chatham
Chatmoss
Cheriton
Chesapeake
Chester
Chesterfield Court House
Chilhowie
Chincoteague
Christiansburg
Claremont
Clarksville
Claypool Hill
Cleveland
Clifton
Clifton Forge
Clinchco
Clinchport
Clintwood
Cloverdale
Coeburn
Collinsville
Colonial Beach
Colonial Heights
Columbia
Courtland
Covington
Craigsville
Crewe
Crimora
Crozet
Culpeper
Dahlgren
Dale City
Daleville
Damascus
Danville
Dayton
Dendron
Dillwyn
Dooms
Drakes Branch
Dryden
Dublin
Duffield
Dumbarton
Dumfries
Dungannon
Dunn Loring
East Highland Park
Eastville
Edinburg
Elkton
Elliston-Lafayette
Emory-Meadow View
Emporia
Ettrick
Ewing
Exmore
Fairfax
Fairlawn
Fairview Beach
Falls Church
Falmouth
Fancy Gap
Farmville
Ferrum
Fieldale
Fincastle
Fishersville
Floyd
Forest
Fort Belvoir
Fort Chiswell
Fort Hunt
Fort Lee
Franconia
Franklin
Fredericksburg
Fries
Front Royal
Gainesville
Galax
Gate City
Glade Spring
Glasgow
Glen Allen
Glen Lyn
Gloucester Courthouse
Gloucester Point
Gordonsville
Goshen
Great Falls
Greenville
Gretna
Grottoes
Groveton
Grundy
Halifax
Hallwood
Hamilton
Hampden Sydney
Hampton
Harrisonburg
Haymarket
Haysi
Herndon
Highland Springs
Hillsboro
Hillsville
Hollins
Honaker
Hopewell
Horse Pasture
Huntington
Hurt
Hybla Valley
Idylwood
Independence
Iron Gate
Irvington
Ivor
Jarratt
Jefferson
Jolivue
Jonesville
Keller
Kenbridge
Keokee
Keysville
Kilmarnock
La Crosse
Lake Barcroft
Lake Monticello
Lake Ridge
Lakeside
Laurel
Laurel Park
Lawrenceville
Laymantown
Lebanon
Leesburg
Lexington
Lincolnia
Linton Hall
Loch Lomond
Lorton
Louisa
Lovettsville
Low Moor
Luray
Lynchburg
Lyndhurst
McKenney
McLean
Madison
Madison Heights
Manassas
Manassas Park
Mantua
Marion
Martinsville
Massanutten
Matoaca
Max Meadows
Mechanicsville
Melfa
Merrifield
Merrimac
Middleburg
Middletown
Mineral
Montclair
Monterey
Montrose
Montross
Mount Crawford
Mount Jackson
Mount Vernon
Narrows
Nassawadox
New Castle
Newington
New Market
Newport News
Newsoms
Nickelsville
Nokesville
Norfolk
North Shore
North Springfield
Norton
Oak Level
Oakton
Occoquan
Onancock
Onley
Orange
Painter
Pamplin City
Parksley
Patrick Springs
Pearisburg
Pembroke
Penhook
Pennington Gap
Petersburg
Phenix
Pimmit Hills
Pocahontas
Poquoson
Port Royal
Portsmouth
Pound
Pulaski
Purcellville
Quantico
Quantico Station
Radford
Raven
Remington
Reston
Rich Creek
Richlands
Richmond
Ridgeway
Roanoke
Rocky Mount
Rose Hill CDP (Fairfax County)
Rose Hill CDP (Lee County)
Round Hill
Rural Retreat
Rushmere
Rustburg
St. Charles
St. Paul
Salem
Saltville
Sandy Level
Saxis
Scottsburg
Scottsville
Selma
Seven Corners
Shawsville
Shenandoah
Sherando
Short Pump
Smithfield
South Boston
South Hill
Spotsylvania Courthouse
Springfield
Stanardsville
Stanley
Stanleytown
Staunton
Stephens City
Stony Creek
Strasburg
Stuart
Stuarts Draft
Sudley
Suffolk
Sugar Grove
Surry
Tangier
Tappahannock
Tazewell
The Plains
Timberlake
Timberville
Toms Brook
Triangle
Troutdale
Troutville
Tuckahoe
Tysons Corner
Union Hall
Urbanna
Vansant
Verona
Victoria
Vienna
Villa Heights
Vinton
Virgilina
Virginia Beach
Wachapreague
Wakefield
Warrenton
Warsaw
Washington
Waverly
Waynesboro
Weber City
West Gate
Westlake Corner
West Point
West Springfield
Weyers Cave
White Stone
Williamsburg
Winchester
Windsor
Wise
Wolf Trap
Woodbridge
Woodlawn
Woodstock
Wyndham
Wytheville
Yorkshire
Yorktown

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