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Debt

The problem of addressing student loan debt

Higher education is an excellent path for some Michigan students to pursue when they wish to advance their education beyond their high school years. Though some students receive scholarships or can fund their college and university courses privately, others seek...

Debt relief and prioritizing debts

While paying bills is part of life, when individuals in Michigan and elsewhere face financial troubles, the inability to pay bills is all one can think about. Struggling to make ends meet because of costs going up or income going down often means determining what...

Options for addressing burdensome credit card debt

Debt is a reality in the lives of many Michigan residents. While some debts, like mortgages and car loans, are necessary for the acquisition of large purchases, others happen because of unexpected life changes and emergencies. A Southfield resident may go from...

What is the Fair Debt Collection Practices Act?

Amassing debts can be difficult and overwhelming for Michigan families. While some may be able to manage their mortgages, car payments, and credit card balances, others may struggle to make the minimum payments on their credit accounts just to keep the lights on in...

2020 sees $83 billion payoff in credit card debt

Many people in the Southfield area carry at least some credit card debt. Some of these people may find paying off their credit cards every month to be relatively simple. However, many people find that their credit card balances are always rising, with interest...

Understanding wage garnishment in Michigan

The past year has been financially difficult for many people in Michigan. For anyone who is subject to a wage garnishment, it is helpful to understand what that means and how an attorney may be able to help. Garnishment is a process that allows a creditor to collect...

Discharging medical debt

While many people have been struggling with making ends meet during hard economic times, the ongoing health crisis has also left many with mounting medical debt and no way to pay it off. For Americans who have either fallen ill or had to take care of a loved one, a...

Cures for medical debt

Medical treatment can cause financial ills. According to recent research by Ascent, 16 percent of Americans, 52 million people, have medical debt in collections. This situation can lower credit scores and lead to expensive monthly repayment plans. There are options,...

Credit card debt level falls to lowest rate in three years

Millions of people in America, including some in Michigan, struggle with credit card debt as they work through their individual and household budgets. Some do their best to pay their monthly minimum payments. Others simply aren’t able to find a way to address debt...