Medical debt is a significant problem for many people in Ohio and around the country. The issue is not one relegated only to the uninsured, either. Of those struggling with high medical debt, 70 percent were insured at time the debt was incurred, according to some...
When an Ohio homeowner files bankruptcy, the mortgage lender or holder will be prohibited, along with other creditors, with engaging in any further collection activity during the automatic stay issued upon the petition's filing. Debtors who are delinquent in their...
There are many services in Ohio that can be used to deal with debt. Two of the most prominent of these types of services are credit counseling companies and debt settlement companies. Although both of these services are intended to accomplish the goal of debt relief,...
Many people in Ohio are forced to seek medical care when they are unable to afford it. Sometimes, people are uninsured while at other times, the insurance they have does not cover all of the care that is received. Some people are forced to utilize the services of a...
In large part, bankruptcy laws are in place to help financially troubled individuals and businesses seek debt relief when they have exhausted all other options. Chapter 13 is a bankruptcy option for self-employed individuals, wage earners and sole proprietors. People...
Collection methods differ from secured debt to unsecured debt. A secured debt creditor can seize the asset that is collateral for securing the debt. An unsecured creditor does not have that option unless they take a debtor to court, which involves a debt collection...
One of the most important issues for many Ohio debtors considering bankruptcy is protecting their homes from possible foreclosure. In some cases, a person's residence may be encumbered by both a first and second mortgage. While the person may be able to afford paying...
Roughly a million Americans file for bankruptcy each year, and others are struggling with high levels of debt. This has created a demand for credit repair and credit counseling services. Those who need help may find that some service providers are scams that attempt...
Medical debt can have long lasting consequences for those who owe. One of the biggest problems that it can lead to is a damaged credit score if an unpaid debt is referred to collections. It can take years to rebuild a person's credit profile, and poor credit can...
Filing for bankruptcy is not something that should be done on a whim. A bankruptcy can remain on an Ohio debtor's credit report for up to 10 years, which may make it difficult to get a loan or even get a job in the future. Prior to deciding on bankruptcy, it may be...
