medical debt

Bill to curb aggressive medical debt collection goes to House

Sam HautGovernment, Headlines

A bill that seeks to stop aggressive tactics for collecting medical debt easily passed the House Economic Development/Banking/Insurance & Commerce Committee meeting Tuesday. Senate Substitute 2 for Senate Bill 8, sponsored by Sen. Spiros Mantzavinos, D-Elsmere, would forbid a medical creditor or medical debt collector from arresting someone, forcing someone into court for being in contempt, foreclosing on someone’s property …

Delaware is among the most financially challenged states. (Mart Production photo from Pexels)

Delaware ranked worst for savings rate

Ken MammarellaBusiness, Headlines

Delaware is among the most financially challenged states, a website has concluded after crunching six factors relating to personal finance. Uplift Legal Funding, which gives lawsuit loans to plaintiffs in need, looked at these stats (followed by Delaware’s figures): • Consumption of annual income (97.4%). • Percentage of income saved (2.6%). • Household debt-to-income ratio (1.5). • Personal bankruptcy rates …