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Posts tagged "eliminate debt"

Former Nickelodeon star Drake Bell seeks debt relief

One might think that a child star who earns a high salary might be financially secure for life. However, younger actors who find themselves flush with cash can still end up suffering financial hardships that require debt relief, just like those of us who are not celebrities. A prime example of this situation involves the news that a former Nickelodeon star is seeking bankruptcy protection in connection with his own financial woes.

Affordable Care Act not the panacea for medical debt

Even though millions of Americans are now able to access health insurance through the Affordable Care Act, new reports show that the health care plans may still contribute to medical debt because of high deductibles. Those seeking debt relief through lower-end plans, such as bronze or silver options, may find that their deductibles range from about $3,000 to $5,000, costs that may still be burdensome for many Americans. A deductible is the amount of money that must be paid before the insurance begins to cover qualifying medical costs.

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