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What is a consumer debt? Consumer debts are for things needed for personal, family of household purposes. Health care is a consumer debt. As the price of health care increases, the amount of people unable to afford their medical bills has gone up. A federal court blocked a rule that was designed to protect people  … Read More

Consumers are feeling the pinch of higher prices for food and cars. The price of new cars and trucks has increased more than 33% since 2020. The average monthly payment is now more than $750.00 per month. Consumers are borrowing more to cover car costs, and taking out longer loans. 100 month loans are no  … Read More

Student loan repayment enforcement will being garnishing pay checks in January, 2026. Student loan borrowers in default could see wages garnished starting January 7, 2026, according to the Department of Education. Borrowers will begin receiving notices informing them of their status. This ends a five year reprieve on student loan repayments. Tax refunds and other  … Read More

As of now, medical debt can still be reported on credit reports and lenders can consider this information when making lending decisions. Debtors under $500.00 will not be reported and debts cannot be reported until a hear has passed after the first collection notice is sent. Contrary to what some people believe, medical debt can  … Read More

There are plenty of websites that say they will help you determine if you qualify for bankruptcy. What they mean is, do you pass or fail the means test. The means test is a backward looking test of your income and will help determine if you have money to pay your creditors. Beware of these  … Read More