Written by Tim Peak on June 28, 2011.
Even with health insurance, you can end up with medical bills from services your policy didn’t cover. If you end up with overwhelming medical debt, don’t ignore it. Pretending the debt doesn’t exist can make the situation worse. Instead, take steps to deal with medical debt so you don’t end up in bankruptcy.
Like other debts, medical bills can be sent to a collection agency. While doctors don’t typically report delinquent medical bills on your credit report, a collection agency will. Make a deal with your service provider before the debt goes to a debt collector.
Written by Tim Peak on June 23, 2011.
If you’re actively trying to pay off your debt but seem to be making little progress, high interest rates could be the blame. Your interest rate can make it harder to pay off your debt, but there are ways to overcome high interest rates.
Written by Tim Peak on June 16, 2011.
If you’re actively trying to pay off your debt but seem to be making little progress, high interest rates could be the blame. Your interest rate can make it harder to pay off your debt, but there are ways to overcome high interest rates.
Written by Tim Peak on May 30, 2011.
It’s hard to stay motivated paying off your debt. You sacrifice and send payments month after month, but your balances seem to inch down.
Creating milestones in debt plan can keep you from becoming discouraged. Milestones are mini-goals that you’ll pass on your way to debt freedom. As you reach a milestone, give yourself a small reward to remind you of the great progress you’re making.
Get more details on creating debt milestones.
Use one of these free worksheets to create and track your debt milestones:
Written by Tim Peak on April 30, 2011.
You won’t find yourself drowning in debt simply because you used your credit cards a few times. In fact, you can use your credit cards regularly and still keep your head above the murky debt waters.
What does lead to debt is using credit cards and other debt instruments (e.g. loans) unwisely and unnecessarily without paying your debt bills accordingly. There are five specific spending habits that lead to debt. Avoid these and you’ll have a much better financial life.
10 Signs of Credit Card Debt
Good Debt vs. Bad Debt
Do You Have Too Much Debt