Are you swimming in medical debt? If you do not have insurance and need any kind of medical treatment, this can quickly become the case. Even if you do have insurance, there are some services that are often billed separately, such as bills from the anesthesiologist, surgeon or a radiologist. You may receive these bills instead of your insurance company, and they may or may not be covered.
Did you know that the National Do Not Call Registry contains more than 229 million phone numbers, and more than 7.1 million complaints to the Federal Trade Commission were received from November 2016 to October 2017? The majority of calls: marketing calls for debt reduction, warranty plans, and vacation and timeshare plans.
Maybe you make the same resolution every year: "Next year, I'm going to shop for Christmas during the year, and then relax as I glide through the holidays worry-free." Then somehow that resolution is forgotten by the time New Year's Day rolls around?
According to State Senator, Jennifer Shilling, Wisconsin, comes in at 10th place across the country for the number of debt-ridden college students. An estimated 67 percent of residents who have graduated from four-year colleges have student loans to pay off. Further, student loans currently hold second place in the nation as the largest consumer debt.
Most people struggling with debt agree that fielding the many collection communications is one of the most distressing aspects of their debt. In truth, constant phone calls, emails and letters can actually shift the debtor's focus away from paying their bills. Instead, as the calls and letters get more and more hostile, most debtors simply want to make those communications stop altogether.
Just as with other important decisions in your life, bankruptcy should never be entered into lightly. If you think of bankruptcy as a quick fix or as a way to simply wipe out your debts without trying to pay them, this solution may not be for you.
Debts can be emotionally draining and often lead to a vicious cycle of borrowing and unaffordable interest rates. You may have got to a point where you feel as though taking out one more credit card will only be a drop in the ocean when it comes to the debt that you have already accumulated.
It is not a surprise to learn that debt relief is on the minds of many Wisconsin residents. Overwhelming debt remains a nationwide problem and most people would grasp at anything that seems like a solution. Debt settlement companies offer plans and programs that seem foolproof, but one financial columnist with NerdWallet cautions people to think twice before succumbing to the allure of debt settlement without careful consideration.
If you are struggling with overwhelming debt, we want to assure you that you are not alone. Many of our neighbors in Appleton and other areas of Wisconsin are in the same boat. One thing you and these people probably share is a desire to find debt relief and start a new chapter in your life.
Have you ever made a mistake, known instantly that you did and felt that gut-wrenching frustration that goes along with it? When you do that with your debt, it can really be problematic, and you must know what mistakes to avoid.