Debt is a common financial burden many people face, but its impact may extend far beyond your wallet. The stress of owing money may significantly affect your overall well-being, affecting your emotional, mental, and physical health. Understanding how debt can impact...
Bankruptcy
When should you consider bankruptcy?
Bankruptcy is a serious financial decision that often leaves a negative impression. However, it can provide much-needed relief from overwhelming debt in certain situations. If you are struggling to make ends meet and feeling buried under a mountain of bills, you might...
The means test for Chapter 7 bankruptcy: Do you qualify?
Filing for Chapter 7 bankruptcy can be a path to relief for many struggling with overwhelming debt. However, not everyone qualifies for this type of bankruptcy. One of the primary gatekeeping mechanisms is the "means test." What should you know about this test? What...
Can bankruptcy help me rebuild my credit score?
Life's unexpected twists can sometimes lead us down challenging financial paths. While the word "bankruptcy" often carries a negative connotation, it's important to understand its potential as a tool for financial recovery. This process can also be a stepping stone to...
Credit card debts continue to place a strain on families
Facing high levels of debt can be an intimidating experience and sometimes it can be difficult to keep similar challenges at bay. Recent financial challenges have left many families in Maryland in search of ways to make ends meet, many of whom might turn to credit...
Addressing some common causes of financial strain
Encountering debt issues can be a stressful and intimidating process but sometimes it might not always be so easy to keep such issues at bay. There could be various scenarios in which similar hardships could arise and individuals in Maryland who face such challenges...
How to tell if issues with debt have grown out of control
While dealing with debt can be stressful under any situation, there may be some instances in which your financial obligations may remain at a manageable level. However, sometimes issues with debt may worsen with time, and the idea of reaching a point where debt loads...
Mitigating the risks of holiday shopping debts
Many individuals may be preparing to brave the crowds and check off their lists of gifts to purchase for loved ones. While the idea of giving for the holidays can be an exciting notion, sometimes the fallout of the holiday shopping season could also bring unwanted...
Medical debt could prompt various challenges in life
It could take little more than a single trip to the hospital for medical care to leave a person facing dire financial challenges. Even if seeking care might be necessary to protect one’s well-being, the idea of dealing with the financial fallout could seem a daunting...
Challenges you might face during prolonged financial straits
Although it may be no secret that dealing with high levels of debt can be exceedingly harrowing, it may still be difficult to imagine the trials such issues might bring. Extended periods of financial strain can affect your ability to save for retirement or pursue...