Debt Relief Programs
If you’re overwhelmed by debt in Virginia, you’re not alone. From Richmond and Virginia Beach to rural towns in the Shenandoah Valley, many Virginians are facing growing credit card balances, student loans, and rising costs of living. At APFSC, we offer trusted non-profit debt relief and credit counseling services that help individuals and families take back control of their finances and work toward a stable, debt-free future.
The Growing Debt Problem in Virginia
Understanding Virginia’s Debt Profile
Virginia has a diverse economy and strong job market—but rising expenses and high borrowing rates have left many households in financial distress. The average credit card debt per borrower in Virginia is over $6,100, and the average student loan debt surpasses $39,000. Roughly 11.9% of residents carry active student loan balances, adding to long-term financial strain.
Many residents also face unexpected emergencies—like medical bills or job changes—that push them further into debt. Without guidance or a clear repayment strategy, what starts as a manageable balance can quickly become a burden.
How APFSC Supports Virginians on Their Financial Journey
We start by offering a free consultation with a certified credit counselor. During this session, we assess your income, monthly obligations, and overall debt load. If you’re eligible, we’ll enroll you in a customized Debt Management Plan (DMP) that consolidates your unsecured debt into a single, manageable monthly payment.
With our DMP, you can:
- Lower your interest rates through creditor negotiation
- Combine your bills into one simplified payment
- Stop late fees and harassing phone calls
- Pay off your debt in 3 to 5 years
- Build healthy money habits for long-term success
You don’t need to take out a loan or risk your credit. We provide support, structure, and tools to help you succeed.
Common Causes of Debt in Virginia
- High housing costs and rental inflation in urban areas
- Job loss or income reduction due to industry shifts
- Medical expenses not covered by insurance
- Credit card reliance for basic monthly expenses
- Student loans with high interest and deferred payments
Why Choose a Debt Management Plan?
A Debt Management Plan is not a loan—it’s a structured approach to managing your current debts. With APFSC as your partner, we communicate directly with your creditors, often securing better terms that allow you to repay your debts faster and with less interest.
Benefits include:
- One consistent monthly payment
- Reduced or waived interest rates
- Avoiding collections and legal action
- Progress tracking and financial coaching
- No impact on your home or personal property
This solution works best for those with unsecured debt—like credit cards, medical bills, or personal loans—who want to pay off what they owe, without the stress of managing multiple due dates and balances.
Talk to a HUD-certified housing counselor to get help with the housing challenges you’re facing.
Consumer Protection Laws in Virginia
Virginia residents are protected by federal and state laws that govern debt collection and repayment. Under the Fair Debt Collection Practices Act, collectors are restricted from using abusive tactics or contacting you at inappropriate times. Virginia also has a statute of limitations for debt collection lawsuits, typically ranging from three to five years depending on the debt type.
Our team helps you understand these laws so you know exactly where you stand—and what actions creditors legally can and cannot take.
Virginia Debt Statistics
Why Choose APFSC?
As a non-profit organization, APFSC is focused on helping you—not profiting from your situation. We offer judgment-free support, transparent options, and actionable steps to help you get back on track.
When you contact us, you’ll speak with a certified counselor who understands the financial challenges unique to Virginia. You’ll receive a personalized action plan based on your income, debt, and long-term goals. There’s no obligation, and your first session is completely free.
FAQ
Will a Debt Management Plan hurt my credit score?
Initially, it might dip slightly, but most clients see improvement over time as they make consistent on-time payments.
How long does the program take?
Most people complete their plan in 3 to 5 years, depending on how much they owe.
Can I still use my credit cards?
Once enrolled in a DMP, those accounts are typically closed to help you stay on track.
Is my information kept confidential?
Yes. All consultations and services are private and secure.
Case Studies
Approved agency for all major creditors including:
