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December 2019 Archives

Credit card debt in America is creeping higher than last year

Credits cards are a primary source of payment for many Americans. The debt that comes with this is easy for some to pay off when the time comes; however, there is an increase in people who are having problems with remaining confident that they can pay their bills. Part of this is due to the high interest rates on some cards.

Medical debt is overwhelming Americans: Here are the facts

Medical debt can lead to many problems for people who are struggling with it, but one of the worst issues is that it can impact their ability to get mortgages and buy homes. According to a Dec. 16 report, it's unexpected medical bills that are increasing the debt load of Americans.

Find a way home if you are drinking alcohol this holiday season

The holiday season is full of festive events, but you have to be careful if you are going to have some alcoholic beverages. You can't drive after you've had a couple or more because you run the risk of being arrested for the suspicion of drunk driving. In this state, any driver who has a blood alcohol concentration (BAC) of .08% or higher can't legally drive. People who are under 21 years old have a much lower limit of .02%.

Many people in debt can't afford to file for bankruptcy

Many people opt to file bankruptcy to try to get back on top of their finances. While this might sound like it would work, it often doesn't. The issue that many people face is that they don't have the money to file their case. They have to cover the cost to file, as well as attorney fees. But, people who file bankruptcy shouldn't skimp on the attorney.

Plan for paying off your holiday debts

Many Americans opt to use credit cards to pay for holiday expenses. Unfortunately, this means that they start the new year in debt. Trying to pay these bills off becomes a priority because the account is constantly accruing interest. If you plan on using your credit accounts to pay for Christmas gifts, you need to make a plan to pay off the balances soon after the new year, so you aren't saddled with it all year long.

Medical debt is difficult for all Americans; get help

People in America spend more on health care per capita than in any other developed country. On average, each person spends $10,000 annually. One of the big problems with health care in America is that much of it comes out of pocket. This can be particularly true in cases of accidents, where patients are left with whatever emergency care providers are needed, not just those who are in network. With the combination of high prescription drug costs and high out-of-pocket expenses, it's no wonder that so many people struggle with medical debt.

Drug charges come with many consequences

Drug charges can impact almost every area of your life, including your school, work and personal life. The exact consequences you face depend on the circumstances surrounding the situation where you are found to be in possession of drugs or using drugs and the activities you are involved in.