On paper, middle class earners appear to be able to afford their bills, but the reality is that many are struggling financially, particularly when you stack on medical expenses that are not covered by high deductibles. When push comes to shove, families have to prioritize payment of necessities such as housing, transportation and food, which sometimes means leaving medical bills unpaid. In the past, hospitals and clinics were reluctant to legally pursue patients with delinquent accounts … [Read more...]
Archives for November 2019
Behind on Car Payments – Bankruptcy Protection Can Help
Cars are anything but inexpensive these days. Even the cost of a light vehicle, such as a typical sedan or a minivan that many people in the U.S. drive, approaches $40,000 - roughly $8,000 more that the average millennial earns in a year. Many looking for a way to afford a vehicle may look to longer loan terms that can sometimes exceed 6 years, a departure from the standard 4 year commitment of an earlier time. Although extending loans can drop the monthly payment, there are drawbacks. … [Read more...]