For many consumers in the United States, getting debt-related bills in the mail each month may cause immediate stress because they simply cannot afford to keep up with the payments. In some cases, people quickly get into debt due to overspending with their credit cards, while others are struck with life emergencies -- such as a medical crisis or job loss -- and are unable to manage their debt during such trying times. With consumer debt on the rise, more and more individuals in Florida may understandably be desperate for rapid debt relief.
Getting rid of debt is usually a process that takes some time. In most cases, you have to work to get your balances down. If you are able to file bankruptcy, you could still have some bills that are still valid, depending on the type of bankruptcy that you file. Orlando residents might be interested to learn that the hard work of paying down debt is working. South Florida leads the country in consumer debt reduction.
Florida residents might be interested in learning about a new bill that was proposed to help protect the credit of consumers who have medical debt. Medical debt can do serious harm to a person's credit report. In addition, one in 10 insurance claims are incorrectly processed. This means that debt collectors are often working with account information that is potentially inaccurate or out of date.