According to an August 2020 report from Credit Karma, medical debt has grown nearly 10% since 4Q 2019. COVID-19 medical bills contribute greatly to the increase. A quarter of that new debt is related to hospitalization, and to our elderly population who live on fixed incomes. Bankruptcy For Medical Debt Medical debt has long been…

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Shady Debt Collectors From time to time, debt collectors have been known to employ some shady tactics. From verbal intimidation over the phone, to mailing documents that look like official court papers, debt collection agencies have tried every trick in the book to get people to pay up. For anyone who encounters a debt collection…

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Bankruptcy reviews are especially helpful to someone who is considering bankruptcy. The law firm chosen to represent you in bankruptcy is very important. Thankfully, clients have been generous to share their experiences working with Wisconsin Debt Advisors. Why Debt Advisors? At Debt Advisors Law Offices, we offer debt advice and debt solutions, including but not…

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Debt Advisors Law Offices is proud to share personal bankruptcy stories and reviews from REAL clients in Wisconsin. Wonder why people have been so willing to post details about their experiences? We believe that it’s due to the fact that our team at Debt Advisors Law Offices is exceptional. Our mission is not only to…

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This year, largely due to COVID-19, scams are on the rise across the nation, including Wisconsin. The pandemic has put many people out of work, creating a new opportunity for scammers to pose as unemployment agencies, banks offering grants, or payday lenders. As consumers work hard to stay out of debt and contain the virus,…

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Debt Settlement Debt settlement allows you to pay a lump sum that’s typically less than the amount you owe, or settle, the debt.  This may sound appealing at first and for some this will end resolving their debt problems.  However, debt settlement can be risky.  Specifically, the creditor will likely issue a 1099 to the…

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Bill collectors and banks can seize your stimulus money to pay for outstanding debts. Filing bankruptcy can protect your stimulus money, your home, and other important assets during these difficult times. COVID-19 has already placed some extraordinary financial hardships on people. Job loss and unemployment have reached record numbers in Wisconsin. Therefore, protecting your stimulus…

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Subprime loans may cost you more in the long run. This is because they’re offered to people to do not qualify for a conventional loan either because of a high loan to value ratio or poor credit history. For lenders, subprime loans are more risky than prime loans, but often, that is all the borrower…

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*We offer “virtual” bankruptcy solutions during the COVID-19 Pandemic* The financial impact of the coronavirus pandemic is real. It’s good to know your options. Although it’s not recommended to make important decisions while in a highly emotional state, it may also be difficult to avoid. For example, financial hardships caused by COVID-19 may get worse,…

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Most people think “money owed is debt,” regardless of the debt type. But truth be told; there are different kinds of debt and they are not treated equally. The two main types to keep in mind are “unsecured debt” and “secured debt.” Credit card charges, payday loan cash advances, cell phone, utility or cable bills,…

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