Category Archives: Debt
Options for Reducing Medical Debt
It is very easy to fall into medical debt, even when a person has insurance. Many insurance policies have high deductibles and low coinsurance rates, not to mention co-pays for things like office visits and prescription drugs. Even relatively simple medical procedures could cost thousands of dollars, and if a person needs surgery, then… Read More »
Health Reform Legislation Has Not Helped Reduce Bankruptcies
A health crisis can make it extremely difficult to stay financially solvent. Many Americans lack sufficient health insurance and swiftly find themselves in tens of thousands of dollars of debt. As reported by CNBC, a recent study has found about two thirds of bankruptcies are related to health issues, which cause them to incur… Read More »
Credit Cards are the Most Popular Method of Payment
A cashless society might be a reality at some point in the future, and a recent report from Mercator Advisory Group shows that many Americans will be prepared if that day ever arrives. Mercator’s Insight Summary Report highlights an interesting fact: credit cards are now the most popular payment method in stores, replacing cash,… Read More »
Can Financial Coaching Help Pay off Student Loan Debts?
It’s no secret that student loans are a drag on the lives of college graduates. According to the latest statistics, about 70% of students who earn a bachelor’s degree end up with student loan debt, and the average debt load is $35,000 per person. And about one third of people with loans will have… Read More »