Both people and businesses sometimes require the protection of bankruptcy. Bankruptcy proceedings begin with a court filing that prevents collection activity and may end with a discharge of eligible financial obligations. Many individuals dealing with financial...
Month: July 2024
What does out of network mean?
When you get medical care, it may be out of network. This is a definition that was made up by your insurance provider. Some medical institutions have contracts and agreements about service rates, so they are considered to be “in network.” Other institutions have no...
Why a cash advance can worsen someone’s debt struggles
There are many different ways that a credit card can help someone who is experiencing financial challenges. The flexibility of having a credit card ensures that people can cover unexpected expenses as they accrue. Unfortunately, the flexibility of credit card use can...
How many payments must someone miss to risk foreclosure?
A primary residence is more than just a place to sleep and store property. It is a source of personal wealth and pride for many adults. Homeowners often prioritize maintaining their residences even during times of significant financial hardship. Unfortunately, those...
Medical debt is “on track” to be removed from credit reports
Anyone who’s drowning in hospital bills won’t be surprised to learn that medical debt makes up the biggest percentage of debt facing many Americans. According to the Consumer Financial Protection Bureau (CFPB), over half of all third-party debt on Americans’ credit...