Debt forgiveness can offer big relief in the right circumstances, but it won’t help with all types of debt. Getty Images Whether it’s sky-high credit card balances, expensive medical bills, high-rate personal loans or lingering student loans, carrying costly debt has become a common thread for households across the country. According to the latest Federal…
A bipartisan bill would help Ohioans with medical debt pay it off without losing their homes or incomes or leaving their credit rating in tatters. It’s a situation that Rachel Doan of Columbus knows all too well. In 2010, her seven-year-old son, Luke, was diagnosed with T-cell acute lymphoblastic leukemia, a disease that required expensive…
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The following article was originally published in the Ohio Capital Journal and published on News5Cleveland.com under a content-sharing agreement. A pair of Ohio House lawmakers want to help people pay off their medical debt. State Reps. Michele Grim, D-Toledo, and Jean Schmidt, R-Loveland, are introducing the Ohio Medical Debt Fairness Act. The bill would lower…
If you’ve been on the receiving end of collection calls, it helps to know what debt collectors are required to prove during the process. Getty Images In today’s challenging economic climate, it’s not uncommon to find yourself on the receiving end of letters and calls from debt collectors. After all, with inflation cooling but still…
Pursuing debt forgiveness can make a lot of sense for some seniors, but it won’t be the right move for everyone, experts say. Getty Images/iStockphoto Credit card interest rates remain high right now, driven up, in part, by the Federal Reserve’s rate hikes that occurred in 2022 and 2023. While the increases were aimed at…
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The action, carried out in advance, was much celebrated among its investors. This is because the company strengthens its position in the market by reaching a payment agreement financed with its own cash. In other words, no action was diluted in its entire process. The debt settlement represents a new step for the organization, which…
Bipartisan bill would help Ohioans pay off their medical debt, but not eliminate it News From The States Read the original article here
Laurie van der Burg is global public finance campaign manager at Oil Change International. Mariana Paoli is global advocacy lead at Christian Aid. Rebecca Thissen is global advocacy lead at Climate Action Network International. While climate disasters intensify across the Global South, another connected crisis is quietly unfolding – one with less media coverage, but…