Medical debt for both legions of Arkansas residents and other Americans nationally has always been a comparatively outsized nemesis.
Posts tagged "Personal Bankruptcy"
In professional sports, the success that an athlete has in his or her career is influenced by a number of factors.
When addressing the subject of severe financial challenges and related dislocation suffered by legions of individuals and families across the country, many media articles and reports portray what might reasonably seem to come across as a three-headed monster.
To quote Bob Dylan, "The Times They Are A-Changin.'"
If you ventured a guess that adverse mortgage-related entries besmirched more credit reports than any other negative consumer-linked information, certainly no one would belittle your response or suggest that it was off base.
Query to Arkansas residents who admittedly feel some appreciable stresses -- including financial pressures -- as they go about their daily lives: Do you want to move to Minnesota?
Most consumers believe that the worst thing that can happen in a lawsuit is for a judgment to be entered against them. However, a judgment merely establishes the right for one party to collect money (or property) as a result of a court order. A judgment creditor still has to collect on the judgment, which is not an absolute guarantee.
Our immediately preceding blog post touched upon a fundamental and troubling aspect relevant to credit-related information that is collected and evaluated by mega-sized reporting agencies. The data apply to all Americans as consumers and, as we noted in our March 22 entry, sometimes contain "incorrect information that hurts your score and renders you less attractive to lenders."
If you've got a credit card -- or, like many people, a slew of those offerings -- in your wallet, you likely know a thing or two about Experian, Equifax and TransUnion.
It's hard not to acknowledge what seems to be an outsized triad of troublesome debt sources that contribute in an especially big way to insolvency for many millions of Americans.