Virginia Debt Settlement.
Debt Settlement which is also known as debt negotiation, is when our attorneys negotiate a settlement on your debts on behalf of you as our client. Most of the time GoDebtRelief.com can greatly reduce the monthly payments of our Virginia clients, and can typically settle our Virginia clients debt for between 40 and 50% of what they owe. The amount of money you will save with our debt settlement program is amazing. Debt settlement is the quickest and cheapest debt relief, debt reduction or debt help available to everyone throughout Virginia.
If you have had enough with your credit cards, medical bills, or collection accounts, Call to speak with one of our representatives:Â (866) 910-9081
We specialize in:
Important Virginia Debt Settlement and Debt Consolidation Laws.
(Note: This is only to be used as an informational debt resource for residence of Virginia and should not be considered and does not constitute legal advice. If you are looking for legal advice contact a licensed attorney in Virginia)
Virginia (UT) works in accordance with the federal laws in dealing with collection agencies and or law firms that collect debts. These laws are known as the Fair Debt Collection Practices Act (FDCPA)
Maximum Interest Rate a Collection Agency Can Charge in Virginia is 6%
Virginia Wage Protection is 75% of disposable weekly earnings (after tax income) or 30 times federal hourly minimum wage, whichever is greater
Statue of Limitations.
The Statute of limitations is the amount of time by law for a set period of time after a certain event, that legal proceedings can happen based on that event can be initiated. With debt, the statues of limitation apply to the time period after you have become past due on your payments. In other words. You are not considered delinquent based on your last payment, but rather the day that you went past due.
Oral Agreements are 3 years
Written Contracts are 5 years
Promissory Notes are 5 years
Open Accounts (credit cards) are 3 years
Virginia Bankruptcy Court
200 S. Washington Street
Alexandria, VA 22314-5405
Peninsula Business Center II
11751 Rock Landing Drive
Newport News, VA 23606
U.S. Bankruptcy Court
600 Granby Street, 4th Floor
Norfolk, VA 23510
U.S. Bankruptcy Court
1100 E. Main Street
Room 301
Richmond, VA 23219
United States Bankruptcy Court
210 Church Avenue SW, Room 200
Roanoke, VA 24011
United States Bankruptcy Court
116 N. Main St, Room 223
Harrisonburg, VA 22802
United States Bankruptcy Court
1101 Court St., Room 166
Lynchburg, VA 24504
When dealing your old debt, it's vital to know your limits. It could be the difference between thousands of dollars in old debt or hundreds.
Once a debt passes beyond the statute of limitation in your state, a debt collection agency no longer has the right to sue you for payment.
Any debt collection agency who threatens to sue you over a debt that is beyond the statute of limitation in your state is in violation of the Fair Debt Collection Practices Act.
If you need help with a delinquent debt, visit the Web site of the National Association of Consumer Advocates or call us toll free 1-866-910-8091.
Contact your VA. state attorney general,
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Lexington, Ky. 40503
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