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Dealing with Debt

While title, payday, and internet loans may be necessary for emergency money needs, they’re expensive.  Would you pay $750 for a TV that was selling for $500?  That’s what you dong if you borrow $500 and end up paying back $750.  Before you sign, take a close look at how much you will end up paying and ask yourself “Is it worth it?"  The less you borrow the less you’ll have to pay back – don’t let them talk you into taking more than you really need.

Most people think that if they are injured in an auto accident, they file a claim with the other driver’s insurance and get paid for their damages.  They may need a lawyer, especially if there is a dispute over who was at fault, but at the end of the day they expect a check for vehicle damage, medical expenses, and pain and suffering related to their injuries.  Once upon a time, back in the early 1980’s, that’s the way it was.  But over the years health care provider liens have eroded a plaintiff’s right of recovery under personal injury law.

Perhaps your debts have become unmanageable now that you are living on a fixed or more limited income. Maybe the unexpected costs of medical treatment or prescription drugs have pushed you to the brink. How you deal with the situation will depend on your particular circumstances.

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