Medical Debt and the Minimum Credit Card Payment | Wade Torkelson
Survey: Medical Debt Forcing Americans Into Minimum Credit Card Payment Only Medical debt is disastrous for almost anyone’s finances. When you’re saddled with debt and bills because you got sick or injured, it means that you’ll soon start getting a lot of mail and, eventually, phone calls if those bills are not paid. It doesn’t […]
Recession Coming? Prepare Just In Case | Wade Torkelson
Time To Hunker Down: Prepare For a Possible Recession Outside of the world of economists, the majority of people out there could not state the technical definition of an economic recession. Just for fun, it’s defined by the federal government as, “a significant decline in economic activity that is spread across the economy and that […]
Unpaid Medical Bills: New Rules | Wade Torkelson
Unpaid Medical Bills: New Rules Provide Some Relief Far too many people across the United States are suffering endlessly under a mountain of unpaid medical bills. This is a terrible situation for a lot of reasons. Not only has someone fallen ill or suffered serious injuries to the point where he or she needed extensive […]
Lowering Medical Debt: It Can Be Done | Wade Torkelson
Medical Debt: You CAN Get Rid of It No one wants to get sick or suffer a significant injury. That may be obvious on the surface, but not all of the reasons for wanting to avoid these situations are clear. Sure, being sick or injured severely enough that a hospital stay and/or medical procedure is […]
Credit Card Interest: How Does It Work? | Debt Company
Credit Card Interest: How Does It Really Work? According to recent data from the Federal Reserve Bank of New York, Americans currently owe a total of $930 billion in credit card debt. That is $46 billion more than last quarter and $57 billion more than this time last year. Whenever credit card debt rises, either […]
5 Ways to Protect Your Credit Score | Wade Torkelson
5 Ways to Successfully Protect Your Credit Score Finances are in many ways a game: There are scores that are recorded along with advances, retreats, victories that come with benefits and losses that come with consequences. It may be a somewhat inane way to look at such an important aspect of life, but doing so […]
Inflation and Debt: The Good and the Bad | Wade Torkelson
Inflation and Debt: The Good Gets Better, The Bad Gets Worse We have all been reading, seeing, hearing and feeling the reality of recent worldwide inflation. Inflation is always a difficult pill for people to swallow, as everything costs more and as a result, no one’s money goes as far. That $4 gallon of milk […]
The 5 Biggest Drivers of Credit Card Debt | Wade Torkelson
Credit Card Debt: The 5 Biggest Causes Far too many Americans are drowning in credit card debt. For people across the country, this type of consumer debt is like its own monster, growing and eating into more and more of the monthly budget as time passes. According to a recent CNBC article, Americans collectively owe […]