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MedicalBills. Even with medical insurance, a hospital stay can be expensive. In fact, medicalbills are the #1 cause of bankruptcy in America. It’s prudent to be cautious before using a HELOC or HELoan to pay for medical expenses since they are secured by your home. Dream Vacation.
Medicalbills. Utility bills. Credit card and loan bills. Bankruptcies and tax liens. Bankruptcy: 7‒10 years. The post Credit 101: The Ultimate Guide to Managing Credit appeared first on Prosper Blog. These transactions typically include: Rent and mortgage payments. Student loans.
Financial independence has a dark side that is rarely discussed amidst celebratory blog posts, motivational gurus, and broke influencers. An emergency or serious illness can drain your savings, force you to take on debt, or even force you to declare bankruptcy due to the high costs.
As an example, let’s say you work a demanding full-time job, run a blog, dabble with freelancing, and drive for Lyft on the weekends. With a clearer, more mindful outlook, you’ll make better decisions, stay healthier (with fewer medicalbills), and make better decisions.
Without HVAC insurance, contractors could be held personally liable for any damages or injuries caused by their work, potentially leading to bankruptcy or other financial ruin. This coverage pays for medicalbills, lost wages, and other expenses related to the employee’s injury or illness.
When a few dollars separate you from foreclosure or bankruptcy, every dollar counts. It is possible to ruin your finances without insurance if you do not have enough cash to cover a large medicalbill, car accident, house fire, or theft. These funds could be used to pay off a credit card debt or pad your savings. The good news?
When a few dollars separate you from foreclosure or bankruptcy, every dollar counts. It is possible to ruin your finances without insurance if you do not have enough cash to cover a large medicalbill, car accident, house fire, or theft. These funds could be used to pay off a credit card debt or pad your savings. The good news?
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