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Understand Debt
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…
Debt collection is what happens when you fall far enough behind on your required payments, especially credit cards, and creditors bring in a third-party agency to recover what you owe.…
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…
Just because you’re retired doesn’t mean you won’t need a loan, but senior citizens may wonder if it’s still possible to get one if they’re on Social Security. The question…
Sources:
- A. (ND) How to get help with medical bills. Retrieved from https://www.usa.gov/help-with-medical-bills
- A. (2025, January 7) CFPB Finalizes Rule to Remove Medical Bills from Credit Reports. Retrieved from https://www.consumerfinance.gov/about-us/newsroom/cfpb-finalizes-rule-to-remove-medical-bills-from-credit-reports/
- Walker, E. (2024, July 24) Does Medical Debt Affect Your Credit Score? Retrieved from https://www.consumerfinance.gov/about-us/newsroom/cfpb-finalizes-rule-to-remove-medical-bills-from-credit-reports/
- Larson, K. (2025, July 15) Federal Judge vacates CFPB debt rule. Retrieved from https://www.usa.gov/help-with-medical-bills
- Sears, S. (2024, October 30) Medical debt, a growing crisis for Americans, and the Biden Administration’s bold move to tackle it. Retrieved from https://nclnet.org/medical-debt-a-growing-crisis-for-americans-and-the-biden-administrations-bold-moves-to-tackle-it/
- Davidson, J. (2025, April 2). Explaining Medical Debt and the CFPB Rule: What’s Going On With Medical Debt and How Does It Affect Consumers with Disabilities. Retrieved from https://www.aapd.com/cfpb-explainer/