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Family Members Reaching Out for Help

Whether they have insurance or not many people find their loved ones owing tens of thousands in medical debt. Not only do loved ones try to find ways to pay off their loved ones medical bills, but neighbors and friends also often pitch in as well. Deductibles, co-pays, outside of network expenses, expensive drugs, and [...]

By |2018-11-13T22:38:20+00:00April 26th, 2012|Medical Bills|Comments Off on Family Members Reaching Out for Help

Health Insurance Hikes Could Send More To Bankruptcy

Health insurance premiums for individual policies nationwide have increased 20 percent on average, according to a survey by the Kaiser Family Foundation.  And the Texas Department of Insurance reported that individual health insurance premiums in Texas alone have increased as much as a 7.5 percent, putting more people at risk for medical debt and eventually [...]

By |2018-11-08T23:34:16+00:00November 10th, 2010|Medical Bills|Comments Off on Health Insurance Hikes Could Send More To Bankruptcy

How The Lack Of Health Insurance Jeopardizes Your Financial Health

Medical debt is one of the leading causes of bankruptcy; but for some reason this fact has not convinced many Americans to make sure they are fully insured. Ways that the lack of health insurance jeopardizes your financial health: When you don't have health insurance you tend to avoid going for checkups and could miss [...]

By |2018-11-16T22:50:56+00:00October 19th, 2010|Medical Bills|Comments Off on How The Lack Of Health Insurance Jeopardizes Your Financial Health

Three Changes That May Keep Some College Graduates Out Of Bankruptcy

Extended dependent healthcare coverage for unmarried children up to the age of 26. Under the health care bill, as of September 23, 2010 (if all goes as planned) many youth will have access to their parents' healthcare coverage through college and even afterwards during a time when many college graduates struggle financially.  In recent years [...]

By |2018-11-14T16:42:58+00:00June 8th, 2010|Bankruptcy, Credit and Bankruptcy, Managing Your Finances, Medical Bills, Student Loans|Comments Off on Three Changes That May Keep Some College Graduates Out Of Bankruptcy

President Obama Signs Health Care Reform Bill

President Obama has signed the landmark $875 billion health care reform bill into law at the White House. In our previous blog we discussed changes that could take effect immediately. Below are some changes that could take effect by 2016: • New health insurance subsidies would be provided to families of four making up to [...]

By |2018-11-13T21:33:21+00:00April 30th, 2010|Bankruptcy, Economy, Managing Your Finances, Medical Bills|Comments Off on President Obama Signs Health Care Reform Bill

Four Tips For The Post Bankruptcy You

Bankruptcy offers debtors the chance at a fresh financial start.  But what does a debtor do once their debt has been discharged and their bankruptcy case closed? Tips every post bankruptcy debtor should follow: Live within your means. Debtors exiting bankruptcy must learn to rely less on debt and more on the real income they [...]

By |2018-11-12T21:52:23+00:00March 22nd, 2010|After Bankruptcy, Bankruptcy, Bankruptcy Q&A, Economy, Managing Your Finances, Medical Bills|Comments Off on Four Tips For The Post Bankruptcy You

An Increase In Job Losses May Cause More Seniors To File Bankruptcy

Older workers have suffered terribly during this recession.  On average it takes an older worker much longer than their younger counterparts to find new employment and employment that pays at least a living wage. And unfortunately, the number of unemployed older workers has increased dramatically. The number of unemployed workers age 55 to 64 has [...]

By |2018-11-13T17:13:17+00:00February 4th, 2010|Bankruptcy, Managing Your Finances, Medical Bills|Comments Off on An Increase In Job Losses May Cause More Seniors To File Bankruptcy

COBRA Subsidy Ends For Millions Of Unemployed Americans

COBRA subsidies that paid 65 percent of unemployed workers' health insurance premium have ended for 7 million unemployed Americans November 30th.  The subsidy which is part of the American Recovery and Reinvestment Act lasts for 9 months from the date that an unemployed worker applies. But the first group of unemployed Americans receiving the subsidies [...]

By |2018-11-14T22:46:11+00:00December 3rd, 2009|Medical Bills|Comments Off on COBRA Subsidy Ends For Millions Of Unemployed Americans

Consumers are Becoming Delinquent on Loans at a Faster Rate than Ever Before

Credit delinquency rates are at all-time highs according to the American Bankers Association. According to an article on Reuters, U.S. consumers are falling behind on loan payments at a faster rate than has ever been seen before.  The mounting number of job losses is seen as a major reason why delinquent payments hit an all [...]

By |2018-11-16T21:26:47+00:00September 11th, 2009|Medical Bills, Pay Day Loans, Unemployment - Job Loss|Comments Off on Consumers are Becoming Delinquent on Loans at a Faster Rate than Ever Before

Payday Loans: Saving Yourself Today by Buying Trouble for Tomorrow

Increasingly, down-on-their-luck Americans are turning to companies who offer payday loans to make ends meet one month in the hopes that the next will be better, allowing them to pay off the amount of money they borrowed along with the interest charged by the payday lender.  There's just one problem with that scenario.  The sky-high [...]

By |2018-11-07T23:09:30+00:00August 26th, 2009|Medical Bills, Pay Day Loans, Student Loans|Comments Off on Payday Loans: Saving Yourself Today by Buying Trouble for Tomorrow