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February 2013 Archives

Owners of historic mansion file Chapter 13 bankruptcy

The Morey Mansion is a historic Victorian mansion which was built in 1890. Many readers in Texas and elsewhere may remember the property as being part of the 1952 film titled 'Talk About a Stranger.' It was also in a 2009 episode of 'The Outsiders' which helped to fuel existing myths of supernatural activity within the historic residence. The mansion is now part of a debt reorganization proceeding which is being played out in bankruptcy court.

New bill could ease effect of overwhelming debt on credit scores

Medical debt is a common cause of financial hardship in the U.S. Debt from medical bills usually occurs unexpectedly, which can be devastating to consumers in Texas and elsewhere. This commonly results in overwhelming debt, which can negatively affect consumer credit scores. However, a few senators recently proposed new legislation that would decrease the impact of medical debt on credit scores.

Prepaid card helps former addicts with overwhelming debt in Texas

There are many potential causes of a person's financial hardship. The recent recession has certainly played a significant role in many cases. However, for many in Texas there are other factors that play a role in causing overwhelming debt. Some end up becoming addicted to drugs or alcohol, which eventually causes their financial downfall. Luckily, for these people, MasterCard has created a prepaid credit card especially designed for recovering drug addicts.

Texas consumers may reduce overwhelming debt from medical bills

Most people will get sick or injured at some point in their lives. Many times, this will result in some medical bills which could quickly turn into overwhelming debt if one is not careful. However, there are ways for individuals in Texas and elsewhere to save on medical expenses. This can help avoid future financial problems following a sickness or medical emergency.

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