Virginia is one of the few states where the unemployment rate is low. But because of the economy in its present state, new college graduates are apt to find themselves being offered lower salaries than they should have received back in the day. This has an impact on not only on living expenses, but also on debt servicing. Debt relief in Virginia may be necessary for those who took out student loans, an average of $31,704 as of 2012.
Keeping Up with Unsecured Debt
It’s no joke trying to keep up with the rising costs of living and juggle debts that don’t seem to get any smaller. Aside from student loans, many Virginians are also coping with credit card debt. This is especially true for residents between 18 and 24, which is probably why this is the population that has turned most to companies who can give them debt relief in Virginia.
Signs of a Scam
There are some red flags you should watch out for when any company offers you instant debt relief in Virginia. The Federal Trade Commission prohibits the charging of any fees upfront precisely to discourage scammers. If the company you are considering wants you to pay them at once to help you, they are probably not on the up and up. Another red flag is lack of accreditation. Any reputable company offering debt relief in Virginia should be accredited with the Better Business Bureau or perhaps the American Association of Debt Management Organizations, or the local consumer watchdog organization.
Choosing Debt Relief in Virginia
No matter how desperate the situation may seem, finding debt relief in Virginia must be a carefully considered choice. Debt relief programs involve money, and where money is involved, scammers flock. It would be so easy to succumb to the lures thrown out by bogus debt relief companies that are only out to squeeze money you can ill-afford out of you. If you want genuine debt relief in Virginia, you’ll have to do your homework.
Aside from what to watch out for, there are some things a good debt relief company should offer. The most important is credit counseling, which will stand you in good stead whether you are in debt or not. Proper money management is the key to avoiding future need for debt relief in Virginia. A good debt management company will have a team of counselors who are trained and experienced in doing financial analyses and giving sound credit management advice.
Two of the better know and reputable debt relief companies operating in Virginia are National Debt Relief and CareOne Debt Relief Services. If you are in doubt, check out one or both of them and get a debt analysis. The initial consultation is free, and it is the first step in deciding what kind of debt relief you need for your particular situation. And because you can register with either of these companies online, it is easy and convenient. There is really no reason not to get reliable debt relief in Virginia.