A new website called SoloSuit, created by students at Brigham Young University Law School, helps debtors answer a lawsuit if they can’t afford a lawyer. Fast Company has more: When a debtor is sued, they receive a legal document called
From the Associated Press: For about 43 million people, or 1 out of 5 credit reports, there’s overdue medical debt, according to the Consumer Financial Protection Bureau. For 15 million people, medical bills are the only overdue debt on their
USA Today offers three steps to tame your debt: Add It Up: “List your debts and their interest rates. Include credit cards, medical bills, and auto, payday and personal loans, but not your mortgage or student loans, which are considered
“Being sick is hard. But medical debt can make it feel completely overwhelming,” according to Your Tango. Here are four things you need to know about medical debt: 1. Bankruptcy is on your record for many, many years. “If you’re
It doesn’t take much to ruin years of careful retirement planning. An unexpected accident or illness, especially when you’re nearing retirement, could become a financial disaster. CNBC offers three tips to prevent medical bills from cracking your nest egg: 1.
Richard Gundling, senior vice president at the Healthcare Financial Management Association, tells the Wisconsin Gazette that parents are not generally responsible for an adult child’s medical debts: “Normally, if you’re 18 or older, you’re considered the responsible party, even if