A medical emergency can upend a person's financial stability in a matter of a few days or weeks. One unexpected hospital stay or accident can lead to medical bills that can quickly outpace a Tennessee consumer's ability to keep up, resulting in overwhelming amounts of...
Month: May 2019
Pending legislation could reduce medical debt
On behalf of William E. Maddox Jr., L.L.C. | May 22, 2019 | Medical Debt
Medical care is expensive, even for Tennessee readers who have health insurance. Some things are not covered, and people may still have to pay if they see a practitioner who is not in their network. Understanding what is covered is a complex, confusing process, and...
The grave consequences of significant medical debt
On behalf of William E. Maddox Jr., L.L.C. | May 14, 2019 | Medical Debt
Health care is expensive, even for individuals with insurance. For some in Tennessee, just one unexpected medical event can lead to a barrage of bills that a person can never hope pay. Many Americans struggle with medical debt, and it is one of the leading causes of...
How to start rebuilding credit during bankruptcy
On behalf of William E. Maddox Jr., L.L.C. | May 13, 2019 |
Many people living in Tennessee suffer from some form of debt. In fact, one recent report indicated that nearly 70% of the state's population have some amount of medical debt. The state leads the country in medical bankruptcies because so many people are unable...
More people are carrying overwhelming amounts of credit card debt
On behalf of William E. Maddox Jr., L.L.C. | May 7, 2019 | Credit Card Debt
Most Tennessee consumers have credit cards, and many people use them for daily purchases, including groceries, clothes and much more. For many, their credit card is their option for emergency funding in case of an unexpected situation, such as an injury or other types...
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