Category Archives: Debt
Most Common Types Of Debt Among Retired People
Florida has been a popular destination for retirees for decades. That will never change, as long as icy driveways, hills, and staircases are scarier to seniors than the alligators and hurricane force winds you find in Florida are. Retirees are a constant, but their financial situation has changed since restaurants in Aventura started offering… Read More »
How Risky Is It To Sign Up For A Patient Financing Plan?
The cost of healthcare is unaffordable for everyone except the wealthiest Americans, and while the currently available protections prevent some health situations from becoming financially disastrous, the fact remains that almost everyone is just one serious illness or injury away from poverty. The Affordable Care Act has made health insurance affordable to some patients… Read More »
Being Strategic About Medical Debt
It is for good reason that medical debt is the scariest form of debt. It is a leading reason why people file for bankruptcy and why they struggle to afford necessities. Perhaps the scariest thing about medical debt is that you can couch surf if you can’t afford rent and walk or ride the… Read More »
How To Avoid Trouble With Store Credit Cards
Store credit cards, also known as retail credit cards, are neither the safest nor the riskiest option when it comes to making purchases on credit, and they are neither the easiest nor the hardest to qualify for. They are also not new; they roamed the Earth at the same time as Diner’s Club. Perhaps… Read More »
Surprise Medical Bills In The Age Of The No Surprises Act
Even though it seems like the prices of everything have skyrocketed in 2022, the bills that patients receive for emergency room visits have gotten less expensive. Pursuant to the No Surprises Act, healthcare providers cannot charge patients out-of-network prices for emergency medical services provided on or after January 1, 2022. In other words, even… Read More »
Can The Consumer Financial Protection Bureau Make Junk Fees Go Away?
A common complaint among the 99 percent is that it is expensive to be poor. Unless you are rich, banks and businesses charge you to use your own money. ATMs charge you fees to access money that is already in your bank account. Credit card companies and utility companies charge you fees if you… Read More »
Consumer Financial Protection Bureau Aims To Amend Regulations On Credit Card Late Fees
Credit card debt is one of the most frequently cited sources of financial hardship among consumers who file for bankruptcy protection or seek the services of debt lawyers. Low-paying jobs and gigs with little or no paid leave or employer-provided health insurance are the norm; meanwhile, most of life’s necessities are expensive, from housing… Read More »
Using Social Media To Get Out Of Debt: Dos And Don’ts
When you were young, your grandparents balked at how little you hesitated to enter your credit card information online to make purchases or even enter your bank account number in an online form in order to receive direct deposit payments from your job. Today, social media sites like Facebook, Instagram, and Facebook are an… Read More »
What To Do If You Can’t Afford Your Credit Card Payment This Month
According to recent estimates, more than 60 percent of American adults are in debt, and many of them must resort to credit cards to pay for necessities such as groceries and utility bills. Between inflation, the aftermath of Hurricane Ian, and the approach of a new fly season and perhaps even a new COVID… Read More »
What Is The Cheapest Way To Deal With A Lawsuit From A Creditor?
Business to consumer lawsuits were rare a few decades ago, but today they are on the rise, especially in states like Florida, which offer little protection to consumers. Creditors and collection agencies have the right to sue you over credit card debt, unpaid medical bills, and many other kinds of consumer debts. If you… Read More »