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Bankruptcy May Be Your Option

May 2014 Archives

Report: Medical debt can damage credit scores unfairly

When you or someone you know becomes seriously ill, you want to be able to receive medical care from your physician or at your local hospital in Oklahoma without having to worry about things such as medical debt, financial challenges, and credit scores. However, a recent study conducted by the Consumer Financial Protection Bureau suggests that accruing unpaid medical debt could be unfairly detrimental to a patient’s credit score.

Is bankruptcy a viable second chance for struggling city?

One American city’s continuing quest for debt relief has captured the nation’s attention over the recent past. The once booming industrial city is going through the largest public bankruptcy in American history.

New study reveals causes of credit card debt

Most financial advisors, in Oklahoma and elsewhere around the country, will probably tell you that it is not a good idea to carry a large amount of credit card debt. Credit cards are one of the least desirable types of consumer lending due to high interest rates and expensive fees for late payments, as well as annual membership fees in some instances.

Worry over debt escalates as credit cards becomes less affordable

As the American economy continues to pick up steam and make general improvements, more and more Americans are still running into trouble with credit card debt. Mainstays of modern finance, credit cards are an important part of most people’s daily lives and financial routines in Oklahoma and around the country. Unfortunately, with the cost of credit rising and debt obligations generally heading in the same direction, an increasingly large number of people have found themselves in serious credit card debt.

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