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September 2015 Archives

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Ohio residents could be tricked by debt relief scams

Because substantial debt can cause stress to many Ohio residents, individuals often want to find ways to better handle their finances. There are various options that can help consumers reduce their debt, but unfortunately, not all of those options are wholly reliable. As a result, some parties could find themselves facing more financial problems after being tricked by false promises of debt help.

Ohio residents may need to eliminate debt from overspending

Yearly spending across the country is often kept track of by many financial professionals. The spending habits of citizens can say a lot about the state of the country's financial situation as well as how the average individual is affected. These records may also indicate that consumers in Ohio and across the country could be in need of ways to eliminate debt.

Medical debt may unexpectedly affect Ohio residents

To some individuals, medical expenses may be considered a necessary evil that must be paid. However, there are some Ohio residents who may be more greatly affected by these expenses and have difficulty paying off their bills. Medical debt can create a tough financial situation for individuals who have accumulated a considerable amount of medical expenses. 

Chapter 7, Chapter 13 options for Ohio residents with debt

When Ohio residents are looking for ways to handle their debt issues, they may consider filing for bankruptcy. However, there are multiple types of bankruptcy, and individuals may not know the difference between Chapter 7 and Chapter 13. As a result, they may not understand which could suit their circumstances and how either could be beneficial in attempting to overcome considerable debt.

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