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Posts tagged "Debt relief"

Options for tackling overwhelming credit card debt

American consumer debt rate has once again returned to pre-2008 levels and many find themselves once again encumbered by record-setting credit card debt. The first step in figuring out how to tackle it involves you sitting down will your bills, making note of your balances, the minimum payments and interest rates for them.

An increasing number of those with student loan debt are seniors

If you're in your 30s and feel like you'll be paying off your student loan debt into your senior years, you may be right. Some 27 percent of those paying off their student loans are in their 60s or older. More than two-thirds of borrowers are paying off loans they took out or co-signed on for their children and grandchildren. This age group is the fastest-growing demographic of people with student loans.

The disadvantages of consolidating student loans with other debt

We've all received those mailings inviting us to consolidate all of our credit card debt into one low-interest credit card or to get a home equity or other loan to consolidate our debts. The temptation to consolidate debts so that you don't have to worry about making a multitude of payments every month can be irresistible, particularly if you're told that you can save money on fees and interest.

Some options for handling overwhelming student loan debt

Americans' federal student loan debt is now at a whopping $1.4 trillion dollars. That debt is owed by about 44 million borrowers. There's no telling yet how borrowers will be impacted by the changes the Trump administration is considering to the federal student loan program,

An emergency room visit can put you in financial jeopardy

Most of us don't plan on ending up in an emergency room. Often, you don't even realize that you've been transported there until you wake up on a gurney in a hospital gown. As anyone who has experienced this knows, emergency room bills can be costly, even after your insurance pays its portion.

Hospitals are offering interest-free loans to patients

As we've discussed here before, medical debt is one of the leading causes of bankruptcy. Even a medical bill of $2,000 after an insurer has paid its share of your bill can be an unexpected expense that many Americans simply can't handle.

Not all debts are created equally, debt relief efforts vary

In a previous blog post, we discussed some strategies you can use to work with a collection agency regarding debt. When this doesn't happen or if you are unable to pay for the bill, you might decide that you need to seek out other options for debt relief. We want you to know that you do have legal options to get a fresh financial start.

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At the law offices of William H. Oliver, Jr. & Associates in Toms River and Lakewood, New Jersey, we represent clients in Toms River, Neptune, Trenton, Middletown, Red Bank, Wall, Lakewood, Lakehurst, Manchester, Asbury Park, Old Bridge, Jamesburg, Barnegat, Forked River, Manahawkin, Ocean Township, Brick, Manasquan, Howell, Freehold, Hazlet, Bradley Beach, Brown Mills, Long Branch, Keansburg, Marlboro, Bayville, Beachwood, Whiting, Sayreville, South River, East Brunswick, Monmouth County, Ocean County, Middlesex County, Burlington County and Mercer County.