ReleaseWire Connect

Life can be unexpected, which can lead to numerous financial struggles and challenges. Even the most organized and efficient financial planners can't always plan for the worst. Sometimes unexpected life events can result in debt. However, individuals don't always deal with debt management in the best possible ways, which only results in them remaining in debt.

Life can be difficult and unexpected. Even the best planners and the most organized individuals can't plan for everything in life. Sometimes the unexpected can wreak havoc on our lives, and even send us into debt. Dealing with life is difficult enough from time to time; financial struggles and debt management just adds fuel to the fire. One such life event that may or may not be unexpected, but that can have financial impacts is divorce.

Every day individuals struggle with paying bills, making ends meet, and managing debt. Consumer debt ranges from credit card debt, mortgages and other notes with lending institutions, and even medical debt. In fact, some individuals and families are suffering from so much medical debt that they claim that it's nearly impossible to keep track of everything. According to an article published in February 2015 by USA Today, medical debt was the largest cause of personal bankruptcy in 2013.

Financial management can be a challenge, especially for those struggling with finances or live paycheck to paycheck. In fact, more than half of the population in the United States live paycheck to paycheck. These financial situations can lead to large amounts of debt and even make paying bills even more difficult, especially in emergencies or during times when more cash is needed. For example, the holiday season is a time of year when individuals and families are spending more money, racking up more debt, and struggling to pay their bills, ultimately leading to serious financial problems.

Dealing with debt collectors can make debt management seem like an impossible feat. Those individuals who owe thousands and thousands of dollars find themselves harassed by debt collection agencies. The truth is most individuals who are in deep debt genuinely want to pay their bills but are experiencing economic hardships so severe, that they simply can't make ends meet. Although it may seem like there's no end to the phone calls and threatening letters from debt collection agencies, Miller, Stark, Klein & Associates has the solution: debt mediation.

Debt mismanagement can be overwhelming, scary, and is even known to ruin lives and leave individuals with an uncertain future. Although it is known to avoid significant amounts of debt as often as possible, there are some points in life when accruing debt might be mandatory. One of the biggest examples is higher education.

Dealing with what seems like insurmountable debt can be frustrating, overwhelming, and even a little scary, especially during troubling economic times that have brought about numerous financial challenges for both individuals and businesses.

Miller Stark Klein and Associates, with over 75 years of combined experience in debt collection, is reshaping the way their customers resolve their debt issues. With a firm understanding of "how debt is acquired" and by working in tandem with clients, MSK & Associates develops actionable plans and debt priorities to eliminate debt in record time.

The people at Miller, Stark, Klein and Associates have over 75 years of combined experience in debt collections and debt resolution solutions. To help consumers find the path toward greater financial freedom, here are some tips to follow.