If you tell someone you are thinking of filing for bankruptcy, they may assume you have been too free and easy with your credit cards. Yet, often the reason people max out their cards is to cover medical bills. A 2018 report found that 530,000 families who filed for...
One of the worst aspects of getting into debt you cannot afford to pay back is the constant attention from creditors. They may contact you themselves or pay a debt collection firm to do it. It can leave you scared to answer the phone, open the door, check your emails...
Credit card debt has continued to grow and affect people throughout the years, but 2021 saw Americans living with close to $900 billion in credit card debt. It’s expected that Americans will add another $60 billion to that total by the end of 2021, which shows that...
Spending money can be fun. Being in debt is not. While bankruptcy is not a magic wand that can transform the world from gloom to sun in an instant, it allows you a chance to make things better. Financial problems can lead to mental health problems. These in turn can...
When you’re just starting out with your first job, first apartment and first real budget, it can sometimes be hard to make ends meet. You may have student loans, credit card debt and necessary expenditures that add up. It’s common to live paycheck to paycheck in some...
If you’re in the process of filing Chapter 13 bankruptcy, you may think this holiday season will have to be one with no gifts. That doesn’t have to be the case. You just need to adhere to the requirements of the repayment plan you’ve set up. If you’re tempted to...
Student loan debt in the US amounts to a number that exceeds $1 trillion. Consequently, if you are feeling overwhelmed by your financial obligations, you are most likely not on your own. Substantial debts can obstruct your ability to move forward in life. For...
With the holidays approaching, now may be a time when you’re looking to buy gifts or to travel. Everything that you do over the holidays could end up being too much for your regular income, so like many people, you may turn to your credit cards. Paying off that...
Many people believe that medical debt is reported to the major credit bureaus and will result in damage to their credit scores. However, this isn’t necessarily true. In fact, medical debt won’t be reported to the credit bureaus as long as it stays with the original...
Americans mired in student loan debt have been anxiously watching to see if the current administration and Congress act on their assurances that they want to do something about the devastating toll that this debt takes on so many people. President Joe Biden has...
