Personal Finance and Investing

Medical bills are an easy way to go into debt. They are usually large, unexpected, and can come at the most financially inconvenient times. There may not be a convenient time for unexpected medical bills but they seem to come when they are least welcome.

To avoid debt or even the need to file for bankruptcy you need to know what to do. These tips could help save your financial future.

Get Good Health Insurance

The main thing to remember about health insurance is that you need to have it. Yes, the monthly payments can be another drain on your finances but unexpected medical bills could do much more than that.

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Since I sued Nelnet in 2003 (settled) and many of my readers and clients have serious problems with student loans, I had a look at Carl Herman’s article:

Whistle-blower sues banksters: Fraud on student loans. Vampire banks feed on near-children

Banksters took a hit through disclosure of court documents of a former Nelnet employee’s lawsuit for $280 million for fraud to college students through student loan disinformation. JP Morgan, Citigroup and Nelnet are the defendants in the lawsuit. … 

Carl links to Did JPMorgan And Citi Screw Taxpayers By Cheating On Student Loans? (JPM

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I read an interesting statistic the other day on Indexcreditcards.com. The site said an average American is carrying $4,013 in revolving debt and the average household is carrying about $7,861 in debt (mostly credit card). This is an astonishing stat considering only 25% of American households don’t have credit cards. This means the average debt for credit card holding households is over $10,000.

This, my friend, is a fiasco! There is no tiptoeing around this. I

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This year’s been a rough one for credit cards. From credit card restrictions, credit card legislation and more credit card changes to make our heads spin, the credit card industry has been a difficult one.

Many individuals have lost their ability to obtain credit, while others who never had a difficult time securing credit found themselves unable to obtain credit, as well. Credit card companies put the brakes on gimmicks and high credit limits and credit card consumers found themselves drowning in credit card debt because of outrageous fees and skyrocketing interest rates.

However, as we look to 2010, we can expect things to calm down significantly. I

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