Having high balances on one’s credit card can put a lot of financial stress on a person. Many things could lead to a person facing this situation. One is carrying a credit card debt for a long time, given the high interest rates that can apply to credit card balances.
Why are you putting off bankruptcy?
Like any significant life decision, especially one that may bring about notable discomfort, it is normal to waffle around before taking the step to undergo a bankruptcy. While bankruptcies are often not what people expect, they are still a significant event that carries a certain amount of social stigma, although this is fading slowly over time.
Dealing with student loan debt after a co-signer passes away
It’s no secret that student loan debt is a prominent credit issue today. In fact, it is arguable that the amount of student loan debt in America is outpacing credit card debt. This is likely because a greater number of students are taking out loans from private lenders.
Consider all the options you have to pay off debt
Feeling like you just can't keep up with the bills isn't a pleasant experience. You might decide one day that you need to do something about the overwhelming debt you are in. This is when you will have to make a decision.
Buying time for consumers needing help with medical debts
Medical debt has reigned supreme as the number one financial burden that leads to bankruptcy filings. A 2016 study revealed that approximately 43 million or 20 percent of American adults faced challenges in covering healthcare costs, including those who have insurance coverage.
