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Understand Debt
From 2025 to 2026, medical insurance premiums more than doubled for millions of people across the U.S. With medical costs continuously rising, many people are asking how they can cut…
The one-two punch of high healthcare costs and inadequate insurance coverage is enough to make medical debt a significant financial and social burden that puts many Americans on the ropes.…
Better-late-than-never is a popular idiom, but it isn’t particularly helpful for the millions of Americans who’ve fallen behind in credit payments and face the financial consequences of delinquent accounts. An…
If a debt collection agency is harassing you to pay a long-overdue bill, a slightly edited version of Shakespeare’s “To Be” soliloquy probably comes to mind. “To pay or not…
Your debt is daunting enough on its own. But when you’re trying to pay it off with earnings that don’t equal or exceed your monthly bills, it feels even more…
Most people know when they have fallen behind on debts, so it’s seldom a surprise when the phone rings and it’s a collection agency on the other end of the…
Payday loans offer a fast but expensive and sometimes dangerous way to borrow money. The Consumer Financial Protection Bureau (CFPB) calls a payday loan a “short-term, high-cost loan” that typically…
If you’re anxiously waiting on your next paycheck but need money fast, one question might pop into your head: “Is getting a payday loan a good idea?” Quick answer: Only if you’re…
When you fall too far behind on payments for credit cards, medical debt, or some other big bill, it will likely go into debt collection. A debt collector is a…
Americans’ credit card debt is approaching a record $1 trillion, delinquencies on auto payments are escalating, and steadily climbing interest rates only make matters worse for consumers struggling with credit…
Sources:
- Duffy, E. et al. (2024, August 30) Disparate Patient Advocacy When Facing Unaffordable and Problematic Medical Bills. Retrieved from: https://jamanetwork.com/journals/jama-health-forum/fullarticle/2822788
- Lo, J. et al. (2025, September 30) ACA Marketplace Premium Payments Would More than Double on Average Next Year if Enhanced Premium Tax Credits Expire. Retrieved from: https://www.kff.org/affordable-care-act/aca-marketplace-premium-payments-would-more-than-double-on-average-next-year-if-enhanced-premium-tax-credits-expire/
- N.A. (2024, October 1) Consumer advisory: Pause and review your rights when you hear from a medical debt collector. Retrieved from: https://www.consumerfinance.gov/about-us/newsroom/consumer-advisory-pause-and-review-your-rights-when-you-hear-from-a-medical-debt-collector/
- N.A. (2025, January 13) If Incorrect Medical Bills Cost Americans $88B Annually, Could AI Be the Solution?. Retrieved from: https://akasa.com/blog/inaccurate-medical-bills/