Commercials on television talk about medical costs skyrocketing. Offers for medical loans permeate the Internet. Insurance became portable but continues to increase in cost. 137 million Americans have medical debt. Keep reading to find out what is the average American debt and why and how you can avoid it.
Read MoreIf you are wondering “How much debt is too much?”, let’s look at some warning signs that your debt is the wrong sort of debt, or too much debt, or otherwise out of control (or heading that way).
The goal isn’t to panic, or feel bad about our decisions, our bad luck, or how unfair the world can be. The goal is to take more effective control of our finances. That means figuring out what parts we can control and what taking better control could look like.
Read MoreOwning a house was once considered the ultimate dream. It was also a symbol of being completely independent because you could support yourself and own a house. Today, many people still dream of buying a house but it has become more difficult. When you plan for mortgage debt, you want to make sure you get the right mortgage for your financial position. You may unique needs as a home buyer and you should find the mortgage that fits those needs.
Read MoreThe United States has almost always carried some form of debt. Economists argued then and argue now about exactly how much debt is appropriate or productive. Almost all of them agree, however, that (for nations, at least) some debt is good. Drowning in debt is bad; debt free living is impossible – but a little national debt isn’t always a bad thing. Let’s take a look at national debt throughout the years and different presidents.
Read MoreMost of us would agree that financing a college education is a worthwhile yet expensive investment. We go to school to develop a skill and gain knowledge that helps us to get a job in the field that we went to school for. However, even after we get this coveted job after graduation, paying off a student loan can sometimes be daunting. Keep reading to learn about those.
Read MoreGoing through a divorce is stressful. Unfortunately, there are many negative repercussions to divorcing. One of the toughest things to deal with is debt after divorce. If you're in the process of divorcing, keep reading to learn how joint debt is going to be handled.
Read MoreIf you are looking for a mind-melting review of the average credit card debt, then you are in the right place. You may think, "There is no such thing as average credit card debt." You'd be surprised, but if you are struggling with credit card debt, then you are not alone.
Read MoreDebt creates challenges for many consumers. Some consumers accumulate numerous debts over time. It can be complicated to try to keep up with numerous debt payments. Debt consolidation is a way that consumers can simplify their debt. However, you need to be careful if you use a debt consolidation loan. It's important to do things right when you consolidate your debt. You want to end up in a better situation after consolidating your debt.
Read MoreGetting out of debt is one of the top resolutions on people’s lists every New Year’s. That’s not a bad thing at all. What is bad, however, is that it shows up on the resolutions list every year with no progress being made for most. Budgeting extra money for getting out of debt requires commitment and persistence. Otherwise, you will most likely find yourself in the same trouble with debt a year from now.
Read MoreMedical debt is a growing problem in the country. Unlike some other kinds of debt, medical bills may be out of your control and you won’t always have a choice about the care and services you are getting and then paying for. For those with medical debt and no way of paying it, the consequences can be dire. Find out what are your options.
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