Debt

Tax refunds totaling $1.9 billion were seized in 2014, with $75 million of that total coming from unpaid bills dating back more than a decade. The Washington Post reports that the policy was implemented in 2011, but you may have only learned about it now. No matter how long ago a government overpayment occurred, Social […]

Cutting expenditure and boosting taxes are the two most common issues in most debt-reduction conversations. It’s possible to get out of debt with alternative methods that aren’t talked about as much. What would happen if the US national debt was paid off? The ramifications would be far-reaching and immediate. As a result, many Americans would

You don’t hear much about debit card debt. It’s not usual for debit cards to lead to debt, but it is conceivable. Can u go in debt on a debit card? An interesting tidbit: A debit card is also called a check card. As with writing a check, the money comes directly from your bank

When it comes to unpaid debt, you may ask how long a debtor can keep trying to collect on their end. Collection agencies and creditors can pursue the debt for as long as they like because there is no time restriction. However, a creditor can only sue you for a certain amount of time. In

If you haven’t paid your medical expenses for a long period of time, this cannot happen. However, that is the case. You can be sued by a medical debt collector. Lawsuits are possible if you do not pay the collection agency. Can you ignore medical debt? The norms and procedures governing medical expenses may change

Hospital fees and other outstanding medical costs are included in a bankruptcy, as are other unsecured debts. A bankrupt’s whole income stream must be subject to the surplus-income rule while they’re insolvent, including benefits such as sick leave or a disability income. As long as your trustee explains the restrictions, medical expenses that you directly

If a health insurance company pays the debts, medical collections will be removed from a consumer’s credit report. Your credit will not be harmed by a single medical bill. Unpaid medical expenses could end up on your credit report and damage your credit score if they are referred to debt collectors. What happens if you

Insurance companies are refusing to cover the rising expenses of medical care. More than a million people have long-term health concerns or medical emergencies that require repeated office visits with different doctors, which can make it difficult to keep track of all of the bills. Many Americans are unable to pay their medical expenses because

If you don’t pay a medical bill, you could lose your house. However, this is extremely rare. A medical creditor, as contrast to a mortgage lender, does not have a security interest in your home. That complicates the process of foreclosing on your home to collect on your debts. However, if a creditor adheres to

As separate legal organizations, limited liability corporations, or LLCs, are distinct from their owners. This means that the owners of the firm are not personally accountable for the company’s debts or obligations. In the same way, the business is not liable for the personal debts and responsibilities of its owners. If the obligation is a