Category: Debt Relief

Medical bills can be addressed

Many Hartford, Connecticut, residents do an excellent job of managing their finances. However, sometimes debt can accumulate for even the most careful financial managers, necessitating an understanding of good approaches to debt relief. That applies to¬†unpaid medical bills, which can be particularly nerve-wracking for a lot of people since they tie to their health. After […]

Debt relief should be pursued carefully

Residents of Hartford, Connecticut, have varying levels of debt. They may have incurred that in order to start or expand a business, to build a home, for purely personal reasons or unintentionally by overspending. However, they got the debt, many now seek¬†debt relief. To that end, they may look at debt settlement. Those who do […]

Can you discharge student loan debt in bankruptcy?

Some people assume incorrectly that you can discharge any debt you have in bankruptcy. Others strongly believe that student loan debt is exempt and can never be discharged, even with a successful bankruptcy filing for other types of debt. Which is true? The reality is somewhere in the middle. One study did find that most […]

Even good debt can be bad

People often consider two main types of debt, known as good and bad debt. One general rule of thumb is that debt is good if it’s the type that nets you a tax deduction. For example, running up $10,000 of debt on a credit card is bad debt. It’s something you simply owe with no […]

What can I do to stem my debt after losing my job?

The loss of a job can bring a variety of challenges and stresses. Of course, your primary concern is getting back into the workforce as soon as possible. But in the meanwhile, you will likely need to take some proactive steps to minimize your debt until things turn around for you. For example, one of […]

What debt collectors can and can’t do

No one goes into debt with the intention of never paying it back, but sometimes life intervenes. An unexpected illness or job loss can make it difficult to keep up with bills, and once you fall behind, it can feel like an exercise in futility trying to catch up. On top of that stress, you […]

Obtaining relief from overwhelming medical bills

According to the World Health Organization, Americans spend more per capita on health care than any other nation, roughly 10 times the global average. Health care spending in the U.S. rose 5.8 percent in 2015 to $3.2 trillion – or an average of $9,980 per person. Given these alarming statistics, it is no wonder millions […]