Consumer Credit Counseling Services

A reliable and efficient debt consolidation program may help you in taking the right step towards becoming debt-free.

If you feel you are overwhelmed with credit card debt, tired of harassing phone calls or just like the convenience of one monthly payment, a credit counseling program may help you.

A credit card debt reduction and debt management program can help you financially by offering you a choice of solutions, custom tailored to fit your financial needs.

A credit counselor will speak to your creditors and negotiate to: 

  • Stop any harassing creditor phone calls.

  • Reduce your monthly payments.

  • Consolidate all of your unsecured credit card debt into one simple monthly payment.  You may even be able to choose what day of the month it is due.

  • Reduce the number of years to pay off your debt dramatically.

Consumer Credit Counseling Specialists

Fill out the contact information below and a Credit Counselor will call you at your convenience

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Amount of Debt:  *
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* Credit card debt, unsecured loans, IRS debt, utility bill debt, and student loans. Do not include auto loans or mortgages. Describe your credit situation:

 

 

Financial Articles Related To Virginia

 

Virginia families continue to lose homes to foreclosure in 2009

As unemployment spike so as the foreclosures. The growing unemployment in Virginia is the main driver of the foreclosures. It has been reported that 1.8 million borrowers had lost their homes in 2009 and 1.4 million last year according to economists and in an effort to prevent foreclosure, US government has already committed billions of dollars and found hard to help mortgage borrower who lost their jobs during this setback compared to mortgage borrowers who were unable to afford monthly payments due to hike in interest rates.

During the housing market boom for last couple of years, people use to buy a house and hold it for one year and then refinance to get more money as the value of the property has gone up. But in present situation with more number of foreclosures hitting the market, the values of the homes are declining in such a way that home owners are un able to refinance even to meet the mortgage payments.

To help such a home owners who are unable to refinance their mortgage, the president, Barrack Obama has signed a legislation that allows the federal housing administration to continue providing assistance to home owners facing trouble meeting mortgage payments. This law was brought to help home owners who were unable to refinance mortgage because of declining value of the underlying property.

When compared to foreclosure rate of US with one out of every 84 home are filling foreclosure, Virginia foreclosure rates aren�t bad with one out of 115 home filling foreclosure. Arizona, California, and Florida are the states which foreclosures are dangerously wide spread. These states in particular are responsible for the high number of foreclosure filled by US.

As the foreclosures are continue to set record levels, obama administration came up with $75 billion plan to help the home owners who are at risk of loosing their homes. Despite this plan, US filled 1.9 million foreclosure fillings in first six months of 2009 which is 15% higher compared to previous years same period.

To reduce the foreclosure rate, US administration is taking every step to improve the effectiveness of its modification programs, but millions of American still facing foreclosure because this plan will not serve each and every home that is facing hardship.

The federal housing administration programs is only considered as only a ray of light that helps the American facing mortgage hardship as the communities continue to struggle with rise in unemployment. It is estimated that 2010 will see a rise in employment levels but will not improve the conditions until the interest rates are reset in 2011.

Many economists says that housing market rose in 2009, but in realty home owners nationwide lost $500 billions in home equity because more than one-fifth of the single family home owners owe more than what their houses are worth. Experts say that the present mortgage rates and foreclosure will continue until the housing market recovers.

 
Available in the following Virginia Cities:

( For cities available in other States click here )
Alexandria
Blacksburg
Charlottesville
Fairfax 		Norfolk
Richmond
Virginia Beach
Williamsburg

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Virginia Economy- The Virginia economy weakened more than expected over the course of FY2008. The unemployment rate hit 7% in Feb.2009 but remained below the national average 8.9%. House of republicans understand that the financially challenged Virginia families and business number one concern is keeping jobs in and house of republicans are proposing a comprehensive package of solutions that will help to create good paying jobs. To maximize the liquidity of Virginia valuable financial institutions and lend more loans, delegate, Merricks is sponsored house bill 2583, which would require 10% of the states local government. Highly trained workers like graduate of the apprentice school are essential for Virginia to remain on the cutting edge in the highly competitive economy.