According to reports, 32% of Americans hold medical debts, and more than half have defaulted on it. This is not all too surprising, considering that Americans pay roughly double the amount for health care services than Europeans. Medical debt can come out of nowhere and hit hard, even if you have health insurance. What’s more, medical events can often also …
55% of Americans with credit cards have debt. With the cost of credit, it can seem nearly impossible to get out of debt. Juggling multiple monthly debt payments can be seriously discouraging. Maybe you’ve tried to make extra payments on your debts but just aren’t seeing any movement. When it comes to getting out of debt, …
Another year passes and student tuition is still on the rise. In the period from 2008 to 2020, tuition increased by nearly 65%. Unfortunately, 40% of American students are turning their down their first choice for college due to the rising costs. A growing number of Americans are turning to student loans to help pay for …
The word “debt” can make your stomach sink and your mind race. However, for all its negative connotations, not all debt is bad. In fact, there is good debt that can actually grow in value and generate long-term benefits. When you’re considering taking out a loan or buying on credit, the most important distinction to make …
In the 2019-20 academic year, an estimated 3.9 million students graduated from college in the United States. Are you preparing to begin your own collegiate this fall? If so, the costs can seem overwhelming. In-state public colleges cost an average of $10,116 per year to attend, while private institutions cost around $36,801 per year. Regardless of your financial standing, that’s far …
According to the Federal Reserve, nearly 60% of business owners apply for financing support to help them get their new venture off the ground. Are you considering joining their ranks? If so, you’ll have plenty of options to choose from. Today, there are more ways than ever before to gain access to the funds you need to …
Getting a college education is expensive. If you’re like most college students, you’ll need financial assistance at some point. Applying for a student loan can be confusing. Knowing what type of loan you need, where to apply, and how much to borrow is a challenge. Knowing how to get the most benefit out of your …
According to insights, 29% of business failures are due to a lack of sufficient capital. This is also the second most common reason businesses go under. If your business needs a capital injection, getting a business loan can be a good solution. Business loans hold a number of advantages over other methods of raising capital. However, business loans …
It’s happened. You are busy with a client and a debt collections agent is suddenly on the line. Embarrassing though this may be, you are not alone. According to reports, 28% of Americans have a line of credit that has gone to collections. If you are having to deal with receiving a collections notice in front of …
Research reveals that 79 million Americans have debt problems that are directly related to their medical bills. Does this include you? If so, there are steps you can take to climb out of this statistic. The first one is to create a medical bill payment plan. If you’ve never heard of such a plan, read on. Today, …
