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Debt help: Where to find it, what to do
Nonprofit agencies and professionals offer debt management plans, consolidation, bankruptcy, and medical debt negotiation to help individuals reduce payments and manage debt effectively.
- Nonprofit credit counseling agencies offer and administer debt management plans, while available solutions include debt consolidation, professional debt relief companies, and bankruptcy in the United States.
- Don't put off seeking help, as debt problems usually worsen if ignored and individuals in debt should consult debt help professionals and creditors promptly.
- An Urban Institute study found hospitals offered payment plans to 36% of patients and negotiated with 15% to lower bills, while medical providers and debt collection agencies may discount balances by 20% to 70% for lump-sum payments.
- Bankruptcy proceeds in court and a bankruptcy judge issues a discharge releasing debts once creditors are paid; Chapter 7 and Chapter 13 are the two main forms, with Chapter 13 having a higher failure rate.
- You can start with one form of debt help and later switch to another, so vet any company or person you hire and use free evaluations from debt professionals.
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31 Articles
31 Articles
Debt help: Where to find it, what to do | News Channel 3-12
Krakenimages.com // Shutterstock Debt help: Where to find it, what to do Reaching out for help with debt is a brave and proactive step, and it’s one that speaks volumes about your determination to turn things around. Whether you’re feeling the pinch on a tight budget or facing a more pressing financial crisis, acknowledging the need for help is the first step toward a better financial future. It’s a sign of strength, not defeat, to seek guidance…
Coverage Details
Total News Sources31
Leaning Left2Leaning Right0Center27Last UpdatedBias Distribution93% Center
Bias Distribution
- 93% of the sources are Center
93% Center
C 93%
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