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If you’re an uninsured person who’s behind on payments or unable to cover any cost associated with your healthcare, you’re not alone. Despite more than 90 percent of Americans having some form of healthcare coverage, a recent analysis of medical debt in the U.S. suggests that 1 in 10 American adults owe medical debt. According to the research, lack of adequate insurance coverage is a major reason why there is so much unpaid medical debt. In most cases, patients would gladly pay for medical services, but they don’t have the money to pay out of pocket. That’s especially true of… Read More

Have your debts pilled up so much that it would take most, if not all, of your current monthly income to cover them? If so, it may be in your best interest to consider Chapter 7 bankruptcy to discharge eligible debts. However, before filing for bankruptcy under this chapter, a consumer must pass the means test to determine if they qualify for Chapter 7 bankruptcy. Generally, the means test investigates a few important factors to determine whether filers (i.e., debtors) can pay back some of their debts and if they are eligible to file. These factors include your annualized monthly… Read More

If you’re receiving countless calls from a debt collector, it’s easy to understand why your first instinct may be to ignore them and hold off on dealing with the debt. Although you might want to consider turning your phone on silent or blocking their number, this is often not your best option. With that in mind, this article is for you if you’re searching for an alternative to ignoring debt collectors and creditors. Continue reading to learn more about the financial and legal effects of ignoring collection calls and what you can do instead. After you’ve finished this article, contact… Read More