medical debt

Medical debt is different. Typically when consumers borrow money, they can consider how much they’ll owe, shop around for the best interest rate, and usually have at least a little breathing room to reassess whether the goods or services they want to purchase are worth going into debt for in the...
Americans cumulatively have $854 billion in revolving loan (mostly credit card) debt, according to the Federal Reserve. The amount has actually declined since the Great Recession, as credit card issuers tightened their lending standards, borrowers became more cautious, and strong and effective...
The number of Americans age 60 and over in debt is alarming. A recent report by the AARP’s Public Policy Institute and the research organization Demos revealed that Americans over the age of 50 carried substantially more debt on credit cards — an average balance of $8,278 — than those under 50,...
Joblessness imposes steep costs on millions of unemployed workers and their families, requiring households to continue meeting basic expenses without their former income. The Great Recession and limited job growth have produced record numbers of workers who suffer from prolonged periods of...
The conventional wisdom says that American households are deleveraging – after years of living beyond our means, Americans are finally paying down debt and getting our financial house in order. But as Demos’ 2012 National Survey on Credit Card Debt of Low-and Middle-Income Households reveals,...
The credit reporting industry likes to argue that credit checks reveal something about an individual’s character or ability to act responsibly. But two recent newspaper reports underscore just how dubious a proposition this is: this weekend, the New York Times scrutinized the destructive toll...
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