Creditors might become aggressive when seeking to collect on past-due balances. Laws may restrict the behaviors of debtors, but that doesn't mean they cannot take legal steps to recover any money owed. Once patience expires, a creditor might file a civil suit in a...

West Virginia consumers who want to gain control over their finances may be able to do so by consolidating their debt balances. Typically, individuals will use a debt consolidation loan to pay off their existing creditors. After paying off existing creditors, they...

West Virginia residents may be shocked to learn that American citizens sometimes find themselves behind bars over unpaid mortgage, auto loan or credit card bills. While imprisonment for not paying civil debts was banned in the United States in 1833, judges in 44...

For some West Virginians, medical debt can pile up and leave them in financial distress. Some medical bills may end up in collection with threatening debt collectors contacting people repeatedly. Faced with collection efforts, people may try medical debt consolidation...

A medical bill could put a strain on an individual's finances, even if a person has quality insurance. However, there are steps that those in West Virginia and elsewhere can take to make it easier to manage such a debt. For instance, it might be possible to...

West Virginia residents who want to consolidate their existing debts have several options to do so. Those who own a home may qualify for a home equity loan. However, a borrower typically needs to have a good credit score and sufficient equity to have a loan...

There are those who say that all debt is negative, but that's not actually how most consumers view it. They see both positives and negatives, and it depends largely on the type of debt. The amount matters, as well, but the type is the critical factor.For example,...

When a borrower decides to declare bankruptcy, does that mean that the creditors get nothing? Bankruptcy is a legal way to eliminate debt, but what does that mean for the companies, organizations and individuals who loaned that person money in the first place?To a...

Avoiding debt may, for some, be as simple as identifying why insurmountable debt happens and avoiding those risk factors. However, there are some factors you can't control, even with planning.Remember, people go into debt for different reasons. No two situations are...

You may have heard people say that bankruptcy is one way to stop foreclosure. If they get the foreclosure notice in the mail, they assume they can just declare Chapter 7 or Chapter 13 to put an end to it.This is a misconception. Bankruptcy, of either type, does not...