As we battle the Coronavirus pandemic, the government has issued stimulus packages to eligible people. By April 2021, the pandemic has affected more than 31 million people, according to an Investopedia report. The US also saw an unemployment rate increase of 14.8% in April 2020. But, the rate fell to 6% in March 2021. Because of the pandemic, many people have lost jobs and … [Read more...] about Are People Getting Addicted to Government Compensation Due to the Pandemic?
Lending and borrowing have been around for centuries, dating back to the Roman Empire. Loans were so prevalent in the society that the Roman Law had a set of rules, called Lex mercatoria, which governed them. Today, loans remain very popular. With all these new options available, knowing the questions to ask when taking out a loan or borrowing from someone else is quite a … [Read more...] about FAQs About Loans That You Never Actually Ask
Having good health insurance might seem like all you need to cover your medical bills. However, you might actually be required to make out-of-pocket payments for various reasons. Research shows that in the last two years, one-fifth of U.S. adults received surprise medical bills -- and even if you have coverage, you could be stuck with a huge invoice. Surprise bills arise … [Read more...] about How to Make Surprise Medical Bills More Manageable
Millions of Americans struggle to pay their medical bills. It's been estimated that 20 million Americans have accumulated $45 billion in medical debt. This averages $2,200 for each of these Americans and already a hefty amount, but this average debt varies widely if you consider that many medical treatments and procedures cost more than $2,000. So if you think you're not the … [Read more...] about Managing Finances: What You Can Do to Pay off Your Medical Bills
“I’ll never recover from bankruptcy!” “Everyone will think I’ve committed a crime!” “Lenders will never consider me if I choose to file!” There are hundreds of judgmental opinions floating around about how to declare bankruptcy, who is eligible, and what happens after you file. Many of these myths are simply untruths perpetuated by creditors to discourage you from … [Read more...] about 6 Common Myths About Bankruptcy & the Disproving Facts Behind Them