The attention given to health reform in this country has focused on providing health care coverage to all Americans. Largely ignored has been the growing problem of people with health care coverage who are struggling with medical debt from expenses that insurance does not cover. Out-of-pocket medical costs are forcing people to cut back [...]
A recent study reported that a quarter of the population has borrowed from their retirement accounts. Borrowing from a 401(k) at an attractive interest rate to pay off high-interest credit card debt could make sense, but there are disadvantages. One risk is the loss of asset protection for the 401(k) in case of a personal [...]
Financial challenges brought on by unemployment and a struggling economy have exposed many Arizonans to abuses by debt collectors and debt collection agencies. The Fair Debt Collection Practices Act was enacted to control debt collection practices that Congress believed were responsible for personal bankruptcy and unwarranted turmoil in the personal lives of consumers. Stopping debt [...]