While some people in Durham are able to live their lives debt-free, for many others, that simply is not possible. There are numerous reasons why people choose to take on debt, such as buying a home, starting a business or earning an education. Unfortunately, paying off that debt will not be a reality that everyone will be able to accomplish in his or her lifetime.
While no one likes to think that it could happen to them, consumers in North Carolina are sometimes treated unfairly or taken advantage of by banks and other lenders. Such deceitful practices are part of what led to the Great Recession and a great number of people felt the effects of the economic downturn.
If you have decided to file for bankruptcy in North Carolina, chances are you did not arrive at that decision lightly. The process can be overwhelming and confusing for some people. Therefore, undergoing credit counseling is a mandatory part of the process so that you know exactly what you are in for and there are no surprises.
When a medical emergency arises in North Carolina, most people’s thoughts are on getting the necessary care they need and not on how much it will cost. Unfortunately, once the crisis has been dealt with, many people do end up stuck with emergency room or hospital bills that they cannot afford to pay. Here is a look at who the people with the most medical debt are and where they live.
Dealing with the death of a spouse in North Carolina can be a devastating and emotional time. Unfortunately, when a loved one passes, there are also often financial considerations involved. If your spouse had a lot of credit card debt when he or she passed, you may become responsible for it but only in some situations.