The short answer to this question is, “Yes, yes it is.” According to reports from the U.S. Census Bureau data, 19% of American households -- nearly one out of every five -- is struggling under the weight of unpaid medical debts. This is problematic for a number of...
Month: May 2021
Credit card balance transfers often hurt more than they help
Professionals who help others optimize their credit score will often tell people to have multiple lines of credit. Having several different credit cards, store lines of credit, a vehicle loan and student loans will look better than just having one credit card,...
Can you hide your vehicle to avoid a repossession?
Plenty of people have been in this position: They can’t make their car payment on time, but they need to go to work to earn the money to pay their bills. They know that a repossession is possible, but so long as they move their vehicle or put it in places where it...
How student loans can contribute to an overwhelming debt load
In many cases, people know they are struggling with overwhelming debt, but they think there is nothing they can do about it -- even via bankruptcy. The reason is that much of that debt they're carrying is from student loans. Truthfully, it can be harder to discharge...