The Affordable Care Act Drove Down Personal Bankruptcies

Medical bills are a leading cause of people filing for bankruptcy in Ohio, but the situation has improved since the adoption of the Affordable Care Act (ACA).  Since the act went into effect and expanded public healthcare coverage, fewer Americans have taken the step of filing for personal bankruptcy.  Filings have dropped about 50 percent, from 1,536,799 in 2010 to 770,846 in 2016. Unlike other causes of debt, medical bills are often unexpected, involuntary, and large. Even people who have... CONTINUE READING

Student Loan Laws are Changing

Student loan debt is a major problem in Ohio, with 67 percent of the state’s college graduates dealing with debt from financing their education. According to The Institute for College Access & Success’ Project on Student Debt report, the average Ohio student loan debt stood at $29,353 in 2014, a 53% increase from 2004. Since many people cannot find a job after graduation with pay high enough to meet expense... CONTINUE READING

Tips to Prevent Credit and Debit Card Fraud

The bad guys are after your credit cards, and you can’t be too careful in protecting them.  Credit card fraud costs billions of dollars each year in the United States, and everyone winds up paying through increased finance charges and annual fees. In Ohio, credit card fraud is defined as the unauthorized use of another person’s credit or debit cards or their information.  This includes making online purchases, making or possessing fake card readers, and making purchases w... CONTINUE READING

Tax Day is April 18th This Year

If you are a last-minute tax-filer, you get a break this year -- three extra days to file your taxes.  The deadline is April 18, 2017, because April 15, the day taxes are usually due, falls on a Saturday, and also because on Monday, the District of Columbia celebrates Emancipation Day. As a result, the tax deadline has been extended to the following Tuesday, April 18, and you get the extra time to file. Even if you wait to the deadline to actually file your returns, yo... CONTINUE READING

Debt is Putting More Pressure on Americans

Your mounting debts can be creating enough stress to make you sick.  The more debts, the greater the pressure to meet them, and the greater your stress level can become.  It’s no wonder that researchers at the Ohio State University found that people with higher levels of debt showed higher levels of physical impairment and worse health than those with lower levels of debt. If you’re stressed over debt, it can cause proble... CONTINUE READING

America’s Enormous Tax Situation

It is estimated that Americans will pay $3.3 trillion in federal taxes and $1.5 trillion in state and local taxes this year, making tax one of the largest financial burdens facing our citizens. According to the Tax Foundation, Americans work several months every year in order to pay its annual tax bill to Uncle Sam. Tax Freedom Day is the day when the nation as a whole has ... CONTINUE READING

Categories

FREENO OBLIGATION

Request Consultation

COMPLETE THE FOLLOWING CONTACT FORM TO REQUEST A FREE CONSULT.

    What Happens When Covid Mortgage Forbearance Ends?

    If you received financial relief through the federal government’s Covid mortgage forbearance program and it hasn’t already ended for you, it will soon. The CARES Act provided a mortgage payment forbearance option for all borrowers who, either directly or indirectly, suffer a financial hardship d...

    Table of Contents