Credit card debt has become a significant problem for Americans. Individual credit card debt stands at around $5,331 as of 2019. In most cases, Americans don't pay the amount owed in full, either, which is another issue. By not paying in full, they face interest accruing; Interest can exceed 25 percent annually.
Many people who are pulled over for the suspicion of drunk driving falsely assume that the test they take on the handheld machine on the side of the road is going to be what is used to establish that they were intoxicated at the time they were stopped. In reality, the reading that will be used in court will come from either a larger machine at the police station or the blood or urine sample taken at a hospital or medical center.
Medical debt is one of the reasons why some individuals have to file for bankruptcy. This is a shame because even people who are well-insured can face this issue due to the high costs of co-payments and deductibles. Plus, these huge medical bills might come at a time when your income is reduced or eliminated because of your health problems.
Americans often struggle with medical debt. The debt can become overwhelming, especially when a person doesn't have insurance or has poor coverage.
Trying to find your financial footing after a bankruptcy can be challenging. Not only must you rebuild your credit, you also have to stay on top of your basic bills. Some people assume that things will be fine once their debts are discharged. But the truth is that you will likely be on a tight budget for awhile.
The use of drugs is something that addicts can't easily get away from. These individuals face a tough road to recovery when they try to get off the substances. Unfortunately, this need to get clean might come at a time when they are facing criminal charges related to their drug usage. This makes it difficult to address the addiction because they become focused on the charges.