Divorce can have a devastating impact on your credit and your financial situation as a whole. Sometimes, spouses pile on debt to joint credit cards on their way out the door. In other cases, people who relied on their husband or wife to make all the financial and investment decisions learn too late that they were reckless with that money. Divorced spouses can find themselves with more debt than they can pay off and credit scores so low that moving on with their life can be extremely challenging.
We know that credit cards are a significant source of many Americans' debts. However, a recent study by the online lender LendingPoint found that personal loans are growing faster than any other type of personal debt.
Americans are living longer, but those golden years are too often marred by financial hardship. In fact, a recent study by the Consumer Bankruptcy Project (CBP) found that bankruptcy filings among senior citizens have increased fivefold in recent years.
Have you become mired in credit-card debt that only gets worse every month as interest charges and sometimes late fees are added on? You're not alone.
People often assume that if they file for bankruptcy, among the debts they won't be able to discharge is income tax debt. That's not entirely true. Under some circumstances, you may be able to do so whether you are filing Chapter 7 bankruptcy, where a person's assets are liquidated to pay their debts, or Chapter 13, which involves a multi-year payment plan.
As we get older, the amount of money we spend on health care generally increases. That's only natural. Our bodies start to break down and don't work as well as they used to. Sometimes, years of unhealthy living or perhaps old injuries from our youth catch up with us.
More Americans have health insurance than in decades past, due in large part to the Affordable Care Act. In fact, the number of uninsured Americans dropped from 48 million in 2010 to 28.6 million in 2016. However, that's still a lot of uninsured people.
A Tennessee woman who's running for office isn't hiding her bankruptcy filing from over two decades ago from voters. In fact, she credits it with leading to her career as an investment banker and teacher.
If you've filed for bankruptcy, you may think that your dreams of buying a home at some point in the future are dead. That's not true at all. With some careful planning and good money management, you can buy a home -- perhaps sooner than you realize
Chronic health conditions can have many impacts on families. This includes financial impacts. Such conditions can subject families to major out-of-pocket costs. These expenses can have a lot of time to build up with chronic conditions. Such costs could expose families to financial struggles, particularly low-income families.