Articles Posted in News

A judge in the U.S. District Court for the Northern District of California has ruled that if a business is going through a Chapter 13 bankruptcy, it need not find a place in its credit reports, especially if the process is still pending. The ruling covers only cases where the bankruptcy is ongoing and not…

Medical debt problems were once blamed on a lack of insurance coverage. Now that uninsured rates are down people are still experiencing high levels of medical debt. A closer looks reveals several factors. One is that high deductibles increase medical debt. High Deductibles Increase Medical Debt Many people assume that just because they have health…

The costs of healthcare go beyond high monthly premiums and co-pays. For many families unpaid medical bill debt problems are growing. Each year the number grows, leading more people into financial ruin. Similarly, many more cannot work and only experience more problems from no income. Unpaid Medical Bill Debt Problems A recent survey reports that…

It’s that time of year people dread: tax season. Filing taxes is daunting enough, and adding in debt problems is a recipe for disaster. Which is exactly what scammers hope to convey. By striking fear in the hearts of debtors they can take advantage. Financial experts warn that debt scams increase around tax season. Luckily,…

During this time of year you hear lots of cutesy terms that encourage consumer spending such as Cyber Monday and Small Business Saturday. These were developed to help spur holiday spending to boost retail sales at the end of the year. But, they aren’t necessarily a corporate greedy tactic. History of Small Business Saturday Known…

The last decade has been an economic roller coaster from the near peak unemployment rate to the housing market bubble and crash. Just a few short years ago, economists were concerned about the rate of consumer spending as most Americans simply weren’t buying enough to sustain economic growth as hoped. Given that consumer spending accounts…

A credit report can determine whether or not you can find a job, rent an apartment or buy a car or home. But the average consumer has very little knowledge about how the data is collected, who is receiving it, and what errors it contains. It is frightening how much a secret system can affect…

Businesses face many challenges but can also reap several benefits. Business owners must manage all the issues that arise in a business such as submitting and paying for orders, hiring and paying employees, paying rent or buying the location. Business owners also get the satisfaction of being their own boss and managing it how he…

It is not just individuals or businesses that can file for bankruptcy. If a municipality falls into hard times, it too can declare bankruptcy. This is what happened to Jefferson County (a county in Alabama). Jefferson County filed for bankruptcy protection in November 2011, becoming the largest municipal bankruptcy case in the United States. However,…

Running a business can be a difficult thing, and many businesses face financial troubles at one time or another. Even businesses that some might think are immune to financial pressures can end up in financial trouble. Some might think that being a doctor can make you immune from financial troubles, but even doctors sometimes need…