Start My Answer

How to Get Debt Relief in West Virginia

Dena Standley | October 19, 2022

SoloSuit is on its way to rescue you from debt

Summary: If you're struggling with debt in West Virginia, SoloSuit can help you find the relief you need.

Many West Virginians have turned to credit card transfers in an attempt to to reduce the interest and the size of the payments on their debts. Zero-interest credit card transfers have become the most popular type of credit in the state. Transferring debt from one card to another isn't always a bad idea, but many consumers continue to use debt to get by, and as the debt grows their financial situation worsens.

Last year, the Build Back Better Act - Child Tax Credit (CTC) helped many needy families supplement their income. That changed in January 2022 when senator Joe Manchin withdrew his support for the Act. The over 50,000 children who relied on this fund risk sinking deeper into poverty. Their parents have to work multiple part-time jobs. And dependence on credit is once again rising.

If you're one of those struggling with too much debt and traditional ways of getting out of debt are not working, try one of these:

  • Contact a government-approved credit counselor.
  • Negotiate a settlement with creditors.
  • File for bankruptcy.

With determination, you can get out of debt sooner than you think.

Contact a government-approved credit counselor

Many entities claim to help with debt relief, but you should be careful who you work with. To protect you, the government keeps an updated list of banned credit relief providers and those that are approved in West Virginia.

When you choose to work with a credit counseling agency, be honest with them about your finances. After understanding your situation, they can help you:

  • Come up with a debt management program
  • Negotiate debt forgiveness

Let's break these two methods down a little further.

Debt management plans

It can be challenging for an average consumer like you to create a workable plan. Someone who has worked in finance can help. It's okay to accept their help if you need it. Debt counselors are qualified to look into your income, debt, recurring expenses, and more to create a workable budget. The goal of the budget is to get you out of debt.

Depending on how deep you are in debt, the counselor may suggest a tighter spending budget, "freezing" your credit cards, and not using other forms of credit for some time. If you stick with the suggestions, you will be out of debt within five years or less.

Your counselor speaks with your creditors to let them know they will be acting on your behalf. They negotiate lower monthly rates to lower the risk of default. Once the plan is in place, you need to make a monthly payment to the counseling organization. The counselor then discreetly divides that money among your accounts.

Your job is to keep up with the monthly payments while not taking on more credit. While you can arguably work out a debt repayment for yourself, working with a partner makes you accountable. Also, debt counselors are professionals; they are best placed to give financial advice and handle creditors.

Negotiate credit card debt forgiveness

It's not common for credit card providers to forgive whole debts. But they can consider forgiving part of the debt if your debt counselor pleads your case.

Many federally-approved debt counselors have agreements with lenders to help struggling consumers. So, if they feel that you qualify for debt forgiveness, they will ask on your behalf.

If they are successful, the creditor reduces the debt by a percentage, instantly reducing your debt. From then on, every payment you make reduces the amount.

Here's a comparison between debt management plans and forgiveness:

Debt Management vs. Forgiveness

Debt management plans

Debt forgiveness

Reduces monthly payments

Instantly reduces the debt

Not using credit reduces the risk of more debt

You can get into more debt if you continue to use credit

Single monthly payments

You may still have several accounts

Typically takes
3-5 years

You may pay taxes on forgiven amount

Negotiate with creditors and debt collectors

When the situation is dire, creditors will understand. Banks, especially, know that the economy has taken a hit. They have benefited from government aid and may be more willing to discuss your options than you imagine.

You can request them to adjust your monthly payments to help you keep up. Making smaller minimum monthly payments will keep you in debt for longer. But it will take away the late fees, the risk of delinquency, and adverse reports on your credit.

Alternatively, you can offer a lump-sum settlement of a lower amount. You offer to pay off the account if the lender settles for less than the original amount. You may be able to negotiate a 40% or 50% settlement.

Just be aware that, if a lender forgives more than $600, the amount may be taxable. Settled accounts are also reported to the credit bureaus and will affect your credit score.

If the creditor sells the debt to a collector, you can negotiate an even lower settlement. By the time the creditor charges off your account, they have written it off as a loss and sold it for pennies on the dollar. The room to negotiate is wide. Most often than not, debt collectors accept less than the total amount.

Did you know you can settle a debt even after it goes to court? To learn more about how debt settlement works, check out this video:

File for bankruptcy

More like filing for a divorce, bankruptcy has its pain, but it has its benefits too. Starting over may not be what you want to hear when seeking debt relief. So why would you even consider bankruptcy?

  • Most of your debts will disappear.
  • Any current judgments and wage garnishment stops.
  • Creditors cannot sue you when you are bankrupt.
  • You can start acquiring new property afterward.

On the other hand, here's why consumers fear filing bankruptcy:

  • Credit scores plummet and it takes a long time to rebuild.
  • You may lose non-exempt property to pay as many debts as possible.
  • You need to pay your bankruptcy trustees fees.
  • Bankruptcies go to public records.

If you have tried other options and nothing is working, filing for bankruptcy can be your lifeline. Be sure to consider which chapter bankruptcy works best for you, whether a chapter 7 or a chapter 13.

Explore these West Virginia debt relief programs

SoloSuit can help

Debt is stressful. However, if you can get into debt, you can get out of it. To succeed, think seriously about the direction you want your life to take. Ask for professional help from debt counselors, and never give up hope.

You can find more debt management resources on SoloSuit's blog.

What is SoloSuit?

SoloSuit makes it easy to fight debt collectors.

You can use SoloSuit to respond to a debt lawsuit, to send letters to collectors, and even to settle a debt.

SoloSuit's Answer service is a step-by-step web-app that asks you all the necessary questions to complete your Answer. Upon completion, we'll have an attorney review your document and we'll file it for you.

Respond with SoloSuit

"First time getting sued by a debt collector and I was searching all over YouTube and ran across SoloSuit, so I decided to buy their services with their attorney reviewed documentation which cost extra but it was well worth it! SoloSuit sent the documentation to the parties and to the court which saved me time from having to go to court and in a few weeks the case got dismissed!" – James

Get Started

We have answers.
Join our community of over 40,000 people.

You can ask your questions on the SoloSuit forum and the community will help you out. Whether you need help now or are just looking for support, we're here for you.

Ask a Question

>>Read the FastCompany article: Debt Lawsuits Are Complicated: This Website Makes Them Simpler To Navigate

>>Read the NPR story on SoloSuit. (We can help you in all 50 states.)

How to answer a summons for debt collection in your state

Here's a list of guides for other states.

All 50 states.

Guides on how to beat every debt collector

Being sued by a different debt collector? Were making guides on how to beat each one.

Win against credit card companies

Is your credit card company suing you? Learn how you can beat each one.

Going to Court for Credit Card Debt — Key Tips

How to Negotiate Credit Card Debts

How to Settle a Credit Card Debt Lawsuit — Ultimate Guide

Get answers to these FAQs

Need more info on statutes of limitations? Read our 50-state guide.

Why do debt collectors block their phone numbers?

How long do debt collectors take to respond to debt validation letters?

What are the biggest debt collector companies in the US?

Is Zombie Debt Still a Problem in 2019?

SoloSuit FAQ

If a car is repossessed, do I still owe the debt?

Is Portfolio Recovery Associates Legit?

Is There a Judgment Against Me Without my Knowledge?

Should I File Bankruptcy Before or After a Judgment?

What is a default judgment?— What do I do?

Summoned to Court for Medical Bills — What Do I Do?

What Happens If Someone Sues You and You Have No Money?

What Happens If You Never Answer Debt Collectors?

What Happens When a Debt Is Sold to a Collection Agency

What is a Stipulated Judgment?

What is the Deadline for a Defendants Answer to Avoid a Default Judgment?

Can a Judgement Creditor Take my Car?

Can I Settle a Debt After Being Served?

Can I Stop Wage Garnishment?

Can You Appeal a Default Judgement?

Do I Need a Debt Collection Defense Attorney?

Do I Need a Payday Loans Lawyer?

Do student loans go away after 7 years? — Student Loan Debt Guide

Am I Responsible for My Spouses Medical Debt?

Should I Marry Someone With Debt?

Can a Debt Collector Leave a Voicemail?

How Does Debt Assignment Work?

What Happens If a Defendant Does Not Pay a Judgment?

How Does Debt Assignment Work?

Can You Serve Someone with a Collections Lawsuit at Their Work?

What Is a Warrant in Debt?

How Many Times Can a Judgment be Renewed in Oklahoma?

Can an Eviction Be Reversed?

Does Debt Consolidation Have Risks?

What Happens If You Avoid Getting Served Court Papers?

Does Student Debt Die With You?

Can Debt Collectors Call You at Work in Texas?

How Much Do You Have to Be in Debt to File for Chapter 7?

What Is the Statute of Limitations on Debt in Washington?

How Long Does a Judgment Last?

Can Private Disability Payments Be Garnished?

Can Debt Collectors Call From Local Numbers?

Does the Fair Credit Reporting Act Work in Florida?

The Truth: Should You Never Pay a Debt Collection Agency?

Should You Communicate with a Debt Collector in Writing or by Telephone?

Do I Need a Debt Negotiator?

What Happens After a Motion for Default Is Filed?

Can a Process Server Leave a Summons Taped to My Door?

Learn More With These Additional Resources:

Need help managing your finances? Check out these resources.

How to Make a Debt Validation Letter - The Ultimate Guide

How to Make a Motion to Compel Arbitration Without an Attorney

How to Stop Wage Garnishment — Everything You Need to Know

How to File an FDCPA Complaint Against Your Debt Collector (Ultimate Guide)

Defending Yourself in Court Against a Debt Collector

Tips on you can to file an FDCPA lawsuit against a debt collection agency

Advice on how to answer a summons for debt collection.

Effective strategies for how to get back on track after a debt lawsuit

New Hampshire Statute of Limitations on Debt

Sample Cease and Desist Letter Against Debt Collectors

The Ultimate Guide to Responding to a Debt Collection Lawsuit in Utah

West Virginia Statute of Limitations on Debt

What debt collectors cannot do — FDCPA explained

Defending Yourself in Court Against Debt Collector

How to Liquidate Debt

Arkansas Statute of Limitations on Debt

Youre Drowning in Debt — Heres How to Swim

Help! Im Being Sued by My Debt Collector

How to Make a Motion to Vacate Judgment

How to Answer Summons for Debt Collection in Vermont

North Dakota Statute of Limitations on Debt

ClearPoint Debt Management Review

Indiana Statute of Limitations on Debt

Oregon Eviction Laws - What They Say

CuraDebt Debt Settlement Review

How to Write a Re-Aging Debt Letter

How to Appear in Court by Phone

How to Use the Doctrine of Unclean Hands

Debt Consolidation in Eugene, Oregon

Summoned to Court for Medical Bills? What to Do Next

How to Make a Debt Settlement Agreement

Received a 3-Day Eviction Notice? Heres What to Do

How to Answer a Lawsuit for Debt Collection

Tips for Leaving the Country With Unpaid Credit Card Debt

Kansas Statute of Limitations on Debt Collection

How to File in Small Claims Court in Iowa

How to File a Civil Answer in Kings County Supreme Court

Roseland Associates Debt Consolidation Review

How to Stop a Garnishment

Debt Eraser Review

Do Debt Collectors Ever Give Up?

Can They Garnish Your Wages for Credit Card Debt?

How Often Do Credit Card Companies Sue for Non-Payment?

How Long Does a Judgement Last?

​​How Long Before a Creditor Can Garnish Wages?

How to Beat a Bill Collector in Court