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As individuals advance in age, the likelihood they may experience a medical emergency may increase substantially. While many may be prepared to accept this inevitability, they might not be ready to face the accompanying financial responsibilities it can bring. With health care costs that are constantly on the rise, studies indicate that many elderly individuals in Ohio and elsewhere have…
When facing periods of financial strain, many individuals in Ohio and elsewhere may turn to credit cards in their time of need. While similar lines of credit may provide immediate financial assistance, the relief may only be temporary. With average interests rates on similar accounts coming in at nearly 17 percent, issues with high amounts of credit card debt may leave…
With studies indicating that the average household carries $38,000 in personal debt, many families in Ohio and elsewhere may be experiencing periods of financial hardship. While taking on certain amounts of debt may seem like a part of life, the subsequent monetary obligations can place a person under a significant amount of financial pressure. Those who find themselves struggling to…
The pursuit of a college education is a goal for many individuals in Ohio and across the nation. However, with the staggering costs of tuition, a similar endeavor has left many struggling to pay back student loans for extended periods. For those who experience substantial financial hardships due to student loans, seeking relief has previously proved challenging, but that could…
Ohio residents who are in danger of having their homes foreclosed will have various foreclosure prevention strategies available to them. In some cases, bankruptcy or simply renegotiating the terms of one’s mortgage can help homeowners in this kind of situation. Two other foreclosure prevention strategies for homeowners include the “assumption of the mortgage” and taking advantage of a lease-option. Is…
For business owners in Ohio and across the nation, few scenarios may be as intimidating as dealing with significant amounts of debt. Unfortunately, when it comes to operating a business, taking on debts may seem like a necessary part of achieving success. As an owner, knowing how to tell the difference between a healthy level of business debt and a growing…
Many consumers in Ohio and elsewhere have experienced financial challenges that prompted a need to pursue relief. However, the stigma associated with certain avenues of relief, such as bankruptcy, could be leaving some uncertain about how best to deal with their debts. While giving a fair amount of thought into a similar decision may be advisable, time could also be…
Many in Ohio believe that homeownership is the American dream. In fact, some may postpone other important life events, such as getting married or having children, until they have purchased a home. However, owning a home comes with heavy responsibilities, not the least of which is paying mortgage payments on time. Failing to do so can lead to the devastation…
Chapter 7 bankruptcy is tremendously helpful when people are struggling under a mountain of debt that they can’t ever hope to pay off. However, not everyone can qualify for Chapter 7 proceedings. If you’re not sure if you qualify for Chapter 7 bankruptcy, you might want to review the following common disqualifiers for the process: 1. The filer makes too…
Going through prolong periods of financial struggle can be stressful enough as is. In addition to the monetary ramifications similar issues could bring, dealing with constant calls from debt collection agencies can take a substantial emotional toll on a person in Ohio. Those who are constantly dealing with collection attempts may wish to know more about their rights, and how they…