Unemployment, medical emergencies or unexpected vehicle repairs can send people in Texas reaching for their credit cards. Although numerous reasons can cause someone to fall into debt, the balances need to be paid at some point. Debtors have several approaches to...
Texas residents who are unsure about how they will pay down their debt balances may start thinking about filing for bankruptcy. In fiscal year 2018, there will an estimated 733,000 companies and individuals doing so, which is up from 685,000 in 2017. According to the...
A debt of even a couple thousand dollars can be enough for debt collectors to hound you. To prevent these calls from becoming abusive, lawmakers enacted the Fair Debt Collections Practices Act, which covers all household, family and personal debts. While debt...
When a Texas resident files for bankruptcy, tax debts could be discharged along with any other outstanding balances. However, it is not a given that a tax debt will be eliminated. If that debt is related to withholding taxes owed, it generally won't go away in either...
Texas patients who can't afford to pay their medical bills may be able to find help doing so. Across the United States, hospitals offered $38 billion in what is referred to as charity care. Sutter Health offers families of four without insurance who make up to...
The typical Texas resident has some level of debt. According to Experian, the average American household debt excluding mortgages was $24,706 in 2017. The average credit card debt last year totaled $6,354, which was a 2.7 increase throughout 2017. Those in the...
Although bankruptcy filings are down across the country, Texas consumers may find themselves overwhelmed by debt because of a job loss, medical issues or mounting credit card bills. They might be worried about how filing for bankruptcy will affect their credit....
For people in Texas struggling with the burden of overwhelming debt, bankruptcy can be a real solution to help create a way out of a difficult situation. However, when considering filing for bankruptcy, it is important for a person to have an accurate and thorough...
People face financial strains for various reasons. In some cases, a Chapter 7 or Chapter 13 bankruptcy can help to provide relief and to get debtors on the track to financial stability. For those considering the bankruptcy process, it is important to understand the...
Some people in Texas may be carrying a significant amount of credit card debt. By the end of 2017, Americans collectively added the most debt to their credit cards since before the recession of 2007. In all, total credit card debt is more than $1 trillion. There was a...