Month: March 2017
For student loans, what was old is new again
Despite regulations established by the now former president, student loan debts continue to rule. Delinquencies remain a serious problem as most borrowers are behind on their payments. Since 2013, the average past due balance increased by 17 percent. Currently, 42.4 million people in the United States have student loan debts exceeding a combined $1 trillion.
Wanted: more bankruptcy judges
For many consumers and businesses looking for relief from crushing debts, bankruptcy is a necessary process. However, the process can be complex, lengthy and discouraging, especially when bankruptcy judges are at premium and carry overwhelming workloads. Frustration only mounts for those in need of help. According to a bipartisan group of U.S. senators, permanent temporary
Nearly 1 in 3 Tennesseans Has Medical Debt
Nearly one in three adults in Tennessee has outstanding medical debt. According to The Tennessean, this figures as the seventh-highest medical debt rate in the country. Unfortunately, as insurance premiums continue to rise and many stand to lose their insurance altogether, the statistics aren’t likely to get much better any time soon. Researchers note that
When it comes to debt, there are two different types
When it comes to debt, there are two different types, secured and unsecured. While secured debt is essentially a credit line backed by a tangible asset, an unsecured one is not backed by any contingencies. Even though they differ in this respect, they both can adversely impact an individual’s credit score, resulting in collection calls,
When it comes to debt, there are two different types
When it comes to debt, there are two different types, secured and unsecured. While secured debt is essentially a credit line backed by a tangible asset, an unsecured one is not backed by any contingencies. Even though they differ in this respect, they both can adversely impact an individual’s credit score, resulting in collection calls,
Small medical bills can lead to big problems for your credit
If you’ve ever had to seek medical treatment, you know that small medical bills can trickle through for several weeks or months. Sometimes, these bills may be misplaced, and things do happen that make them harder to pay. Unfortunately, even these small bills can affect your credit and slip through the cracks, making it hard
Maybe you feel like you have so much debt that it’s nearly overwhelming
Maybe you feel like you have so much debt that it’s nearly overwhelming. Maybe you don’t have much at all, and you think debt stories are oversold. Either way, you may be wondering how much debt Americans tend to carry. According to a survey that looked at the most recent numbers, for 2016, the average
A study conducted by the Urban Institute shows that, as a whole
A study conducted by the Urban Institute shows that, as a whole, those with medical debt have fallen significantly, those struggling with past-due medical bills still are high. This trend has been shown to have the biggest impact on young adults. Of the sample of 18- to 64-year-olds polled in 2012 and 2015 respectively, researchers
Becoming overwhelmed by credit card debt can easily occur for anyone, especially
Becoming overwhelmed by credit card debt can easily occur for anyone, especially if someone loses one’s job, becomes ill, or is confronted by an unplanned financial crisis. While many debt settlement companies claim to be able to negotiate a settlement with a consumer’s credit card company at a reduced rate, it’s important to note that