Don’t Let Financial Problems Dominate Your Life
There’s no question that medical debt is one of the most common sources of serious financial distress and bankruptcy. That’s not likely to change any time soon. One thing that is changing is that it will no longer appear on Americans’ credit reports. Health care...
Money stressors play a role in the disintegration of many marriages. A third of Americans who divorced said that credit card debt in particular had played a significant role in their decision to end their relationships. But what is it that can make credit card debt so...
Individuals choose to file for bankruptcy for several different reasons. Some people slowly make the choice to file as their financial pressure increases month by month. Other times, the choice to file for bankruptcy may occur suddenly when creditors engage in...
It’s very common for people to use medical debt as a reason for filing for bankruptcy. Part of the reason is that medical debt can be incredibly substantial. Even a simple medical procedure could cost tens of thousands or even hundreds of thousands of dollars. Those...
You’re drowning in debt and struggling to find a way out – but it seems like every day brings a new debt consolidation offer to your doorstep. A new loan can help you lower the interest rate you’re paying across the whole of your debts and roll all the bills together...
Long-term relationships are all about give and take. No relationship goes by without facing any obstacles. Today, one issue that most couples face is having enough money. The cost of living is high and wages don’t necessarily reflect that. Both partners can find...
Individuals and families facing financial hardship sometimes make the difficult decision to file for bankruptcy. Those with above-average income or particularly valuable assets may pursue a Chapter 13 bankruptcy. Chapter 13 proceedings require a multi-year repayment...
People sometimes avoid filing for bankruptcy because they are concerned that it is going to be a mistake. It’s going to have negative ramifications, such as reducing their credit score or making it impossible for them to get a loan. They may worry about losing certain...
Discussions about bankruptcy and popular media often reflect outdated stereotypes. For example, people often talk about credit card use and frivolous spending as leading causes of bankruptcy. However, mainstream media outlets have started to notice a trend in who...
There are many misconceptions about financial hardship. For example, a common myth is that everyone in debt has spent recklessly. The unfortunate reality is that tens of millions of Americans are currently struggling to get by financially. When faced with debts,...