Author: william-maddox
Medical debt piles up on insured persons without relief in sight
Tennessee residents are struggling with medical bills and insurance coverage in the same manner as their counterparts throughout the country. A shocking and demoralizing aspect of medical debt these days is that even if a person or family has medical insurance, he or she is likely to be burdened with surprise bills that are not
Credit card debt and 90-day delinquencies reach record levels
The popular perception in recent years has generally been that the credit card debt load of consumers was under control. The bankruptcy numbers were down, the recession ended, and the prior dramatic reports of a credit card crisis were at a standstill. Recent data from the Federal Reserve, however, reveals that U.S. credit card debt
A HELOC may manage credit card debt but caution is advised
Many residents of Tennessee continue to confront debt management problems with respect to credit cards. One problem is that the interest rate and fees imposed on credit card debt is some of the highest debt that one can take on. Due to the expensive cost of that kind of credit, some people have transferred their
Millennials may not always handle their credit card debt well
Most people in Tennessee have credit cards, and many people carry over at least some of their balance from month to month. However, there are some people who are not able to manage their credit card debt well, and they can quickly fall behind and come to a place where they are unable to make
Chapter 7 Bankruptcy can be a lifesaver after a summons is served
When a lawsuit is started in Tennessee and other states, the papers must be filed in the court house and served on the person who is being sued. A summons is usually included with those papers, and it tells the defendant how and when to respond to the lawsuit. When the summons and complaint have
Medical debt is a leading cause of financial strain
Medical care is expensive, and many in Tennessee lack the savings and financial resources to deal with an emergency. Just one illness or injury can cause a person to spend his or her life savings to keep up with the bills that quickly accumulate after a hospital stay or visit to the emergency room. Even
Why more seniors are going bankrupt
The senior years of life are supposed to be free of financial struggles and come with a comfortable retirement. It is a time to worry less about money and enjoy the fruits of working for so many decades. Unfortunately, this has become less of a reality for the aging American population. In fact, more and
Options for individuals drowning in medical debt
A car accident, prolonged illness or other type of medical emergency can quickly wipe out a person’s savings and lead to crippling and overwhelming bills. Many Americans carry medical debt, but for some, it can spiral out of control and lead to a financial crisis. There are a few ways by which a Tennessee consumer
Using a debt tracker to develop a strategy for debt relief
Upon encountering substantial financial difficulties, many consumers in Tennessee and elsewhere may be willing to try just about anything to be free of debt. Since there are a variety of tactics to employ when pursuing debt relief, choosing the most viable option can be intimidating at times. In some cases, one who is facing similar
Many people find themselves overwhelmed by medical debt
Medical care is expensive, even for people in Tennessee with health insurance. Even a minor procedure or one visit to the emergency room can result in crippling medical bills and overwhelming debt. It is common for people with some type of coverage to accumulate significant medical debt because of a chronic health condition, emergency health