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April 2013 Archives

Alternative medical facilities can help avoid overwhelming debt

Nobody wants to spend more money than needed when obtaining necessary medical treatment. Most people in Texas are wary about running up large medical bills because these can quickly turn into an overwhelming debt problem. Luckily, however, there are a variety of ways that allow people to minimize medical bills while still obtaining the required medical treatment.

Delinquencies drop but overwhelming debt is still a possibility

The recent recession has caused many people to reformulate how they think about their relationship to debt. Prior to the recession, consumers in Texas and elsewhere had accumulated large amounts of credit card bills. This caused overwhelming debt, which turned into a sharp rise in delinquencies on credit card accounts. However, after the recession, consumer credit card debt has dropped dramatically for a variety of reasons.

Fewer college students with credit cards, less overwhelming debt

For many people, going to college for the first time meant the first time living independently away from parents and family. It also once meant obtaining the first credit card, which many looked at as another ritual of reaching adulthood. However, following the recent recession in Texas and the rest of the U.S., the number of college students carrying credit cards has declined, which could help in curbing overwhelming debt among college students.

Common Sense Media files for Chapter 7 bankruptcy

The business world can be highly profitable and lucrative if one is savvy and makes the right decisions. However, every entrepreneur in Texas and elsewhere that goes into business will take on a certain amount of risk, depending upon the type of business. There are a variety of factors which could cause a business to hit hard times. Unfortunately, one online advertising business recently found this out when it was forced to file for a Chapter 7 bankruptcy.

Bankruptcy provides quick and permanent relief from medical bills

The numbers of consumers burdened with unmanageable medical debt are growing. People try numerous ways to resolve the problem but many find themselves unable to find a way out that will not strap them even further. Amazingly, people seem to be largely unaware that there is a governmental program that will quickly and totally wipe out consumer medical bills and credit card debt. In Texas and nationwide, the remedy is a consumer bankruptcy filing known as a Chapter 7.

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