What Happens To My Debt if I Become Disabled?

What Happens To My Debt if I Become Disabled?

Sometimes debt repayment can be challenging due to financial reasons and it only gets a lot more difficult for those struggling with a disability. Most disabled persons find it quite difficult to settle their loans. The excruciating pain or dysfunction may hinder you from performing tasks to acquire some income and repay your debt.

If you find yourself in this unfortunate situation, there are ways to settle your debt without filing for bankruptcy. Being in debt with a disability is often treated differently from regular debt collections. So as long as your disability prevents you from working effectively, there is always a way out. 

How Can I Earn As A Disabled

People with disabilities often face stronger challenges in acquiring financial stability. Thankfully there is a financial emergency platform that helps those with dysfunction or severe medical conditions. The Social Security Disability Insurance (SSDI) provides an opportunity for those with disabilities who are unable to work to attain enough earnings to pay their taxes or debt. However, you would have to complete certain requirements to qualify for this insurance platform. Some of the details needed include:

  • A medical report in written form stating your condition
  • Completion of several forms to clearly indicate your disability and finances
  • You may need a Disability lawyer to defend your case
  • You must not have a record 

Dealing With Debt As A Disabled

Sometimes in life, we go through unpleasant experiences which are beyond our control. As a disabled person, one thing you should know is that no bank provider or lender is allowed to discriminate against you in your condition. Managing debt with a disability is almost impossible, which is why you need to ensure you get assistance from the right sources. 

Here are a few things you should know as a disabled person struggling with debt repayment.

Avoiding Judgement

Every loan with a monthly payment plan that every borrower must fulfill. Once you exceed the expected payment days by 30 days, lenders have the opportunity to take further action. These actions may lead to a court or a direct meeting with the credit bureau and generate extra punishments for your delinquency. However, you can escape these judgments as a disabled person. Your creditor will be unable to take severe actions such as having liens on your property or adding to your debt payment fee. This is because any of these actions will require your long legal proceedings with little outcome. Therefore, you will most likely not experience any effect on your social security income as it could end up being a waste of time and cost for your creditors.

In a bid to avoid this strenuous process, creditors are usually open to reaching an agreement with the borrower and finding a common ground for repayment.

Cease and Desist

You may experience creditors constantly contacting you to repay your loan especially when it is overdue. However, due to your condition and inability to repay the loan, you can make a move to prevent the collector from pestering you. 

A “Cease and desist” is an action you can take to avoid frequent contact with your collectors. You can either write a letter addressing this issue or directly request them to cease contact. The Fair Debt Collection Practices Act(FDCPA) obligates them to concur to this request. However, you must clearly indicate your reasons for carrying out this action. Failure of creditors to comply with this act is an offense punishable by law. 

Seek Debt Consolidation

As a disabled person in credit card debt, you get a level of leniency that allows you to avoid judgment with a protected income. However, this means that your credit score will bear the effect. The delinquency in your payments will invariably hurt your credit. This is a better punishment as you can work on improving your credit score through credible means. Debt settlement provides a reliable option to erase any item hurting your credit score. By doing this, you will be able to achieve a better credit score to apply for a debt consolidation loan to pay off your current debt. 

Debt consolidation is an excellent way of settling debts especially if you are struggling with a disability. It provides a platform to consolidate credit card debts, auto loans, or mortgage payments into a monthly payment while also getting a lower interest rate. Debt consolidation helps you to avoid being delinquent in your payments so you keep a good credit score. With this plan, you can work on getting a debt relief option that helps protect your credit score.

Hardship Plans

Different debt relief options are open to people with serious or permanent dysfunction. These relief options are financial assistance to clear your debt. A hardship plan is usually available to disabled persons. Most credit card companies prefer a full repayment of debts which isn’t possible in this case. Once your collectors can confirm you possess a serious disability, they may be willing to consider your debt and charge it off. Since you are unable to perform any job to generate income, you can negotiate a lesser monthly payment fee or reduced interest rate. 

Some lenders are usually open to this idea to facilitate a mutual settlement fee which disabled borrowers will find easier to pay. Generally, you can work on getting a lower interest rate or a favorable monthly payment plan as a disabled person. 

To create a hardship plan, you’d have to draft out a list that comprises your regular income and other expenses. This will allow you to have detailed information on your financial stability to present your lender. 

A comprehensive list illustrating your finances should be able to convince your lender to negotiate a more affordable interest rate.  

Most debt collection agencies include a hardship plan in their lender policy to assist those with cases of disability. Some agencies may even offer a cancellation policy that charges off any debt in a situation that involves death or disability. 

Basically, you can negotiate a longer payment period or a better debt plan.  

Make A Budget

Whether or not you are able to negotiate favorable terms, you should make a list that contains your expenses and income. After drafting out a budget list, arrange them based on a scale of preference by prioritizing your most important needs and expenses. If you are unable to work to earn income, you will need to cut down on your spending and work on settling your loans. This will help you pay your debt quickly especially if you can negotiate a lower interest rate. The earlier you start making payments, the better for you. 

File For Bankruptcy

Filing for bankruptcy should be the last resort if you are disabled and struggling with debt payments. Declaring insolvency will free you of your debts but at a cost. You get different outcomes depending on what chapter you state bankruptcy. Each chapter comes with its advantages and disadvantages so you should check out what every chapter contains to have a complete view and understanding. For instance, if you wish to keep your property after filing for bankruptcy then chapter 13 would be a good choice. 


There are several financial programs available to assist disabled people struggling to repay their debts. However, these programs are sometimes not sufficient or easily accessible. Consolidating your debts is one of the surest ways to ensure you get a lower interest rate that favors your payment plan. 


Things to keep in mind while hiring an SEO company

Even if you are armed with an abundance of knowledge in SEO, you may still need the solutions of a professional SEO company. Having solid expertise of SEO is hardly enough in many cases. Even if you are doing your best to attempt to get a good position for your website, you may still end up asking yourself why your internet site is just not doing well.

For beginners, you must recognize that your website will need to be completely enhanced in all components. Not just that, however, your internet site has to be kept regularly in online lighting stores. SEO is a constant procedure that includes a good deal of time and also effort. To make points simpler, you will certainly be better off using the services of a skilled search engine optimization company to do the work for your internet site.

There are numerous SEO Company today, as well as there are a lot of credible companies along with undependable ones.

Hence, you must choose the perfect SEO Company. Right here are 10 vital points that you should keep in mind when selecting search engine optimization solutions:

Site Assessment Overview

Does the search engine optimization company provide you a website assessment overview? A reliable search engine optimization firm should have the ability to provide you with a considerable analysis of your website, concerning ranking. This can be done by carrying out an internet site audit.

The result of this website audit will allow the SEO company to supply you a proposal of just how much job requires to be done to bring you to a specific level of position. They need to have the ability to advise as well as troubleshoot all aspects related to efficiency, web content, and also style that might impede the reading or indexing of your web pages.

Tools to Identifying Keywords 

What tools does the search engine optimization Firm use to search for search phrases? Do they offer competitive evaluation based on your picked keywords? Recognizing what method the SEO company makes use of for keyword analysis or study is extremely crucial. It will certainly be a fantastic aid if you execute your own due persistance using standard tools, such as performing keyword research study as well as analysis via using keyword phrase organizer in Google AdWords.

Backlinks to Website

Where will the SEO Company return links from? Backlinks are just as, otherwise more, essential in SEO than onsite optimization. The SEO Firm must have the ability to acquire high-grade backlinks from trustworthy sites that are highly related to your particular niche. Ask your SEO Business what strategies they employ for gathering backlinks.

Price Framework

A reliable search engine optimization Firm will certainly not simply offer you a quote once they figure out how much work needs to be included. Billing you high expenses will not necessarily guarantee you get high quality services.

It additionally does not make certain that the rate being estimated is proportional as well as constant with the services you anticipate the SEO Business will offer end table. A good SEO company need to be able to provide you a review of services to which the efficiency as well as rate agreement will certainly be based upon.

The Timeline 

Does your search engine optimization Firm offer you with a timeline? It is with hard work and also proper preparation that results can be attained promptly. Some search engine optimization Firms supply search engine optimization prepares that case to put you in the very first web page of search results page in simply a matter of 10 days. Reasonably, however, no search engine optimization Company can assure you the number 1 position in Google in as brief as 10 days.

An SEO project will take 6-18 months to supply the leading results you expect. See to it you do not succumb to incorrect pledges. Conversely, stay clear of SEO services that give you with a time limit. A good search engine optimization company understands that optimization is an ongoing process as well as they should be able to provide you regular upkeep, consumer assistance as well as correct upgrading. 

Search engine optimization techniques

What SEO strategy will your SEO Company utilize to raise your position? You must watch out for companies that will utilize spam marketing methods to rank you on top quickly. If the strategy consists of any kind of form of deceitful practice, such as spamming or tricking on-line search engines, after that you need to instantaneously turn away.

An outstanding SEO company will absolutely ascertain that you will not be subjected to spam or misleading services. Remember that if it is based on making use of dishonest techniques, your site may be gotten of Google’s indexing, which will definitely lead your website to being blacklisted. Knowing your SEO Business and also doing your very own research on how proper search engine optimization is done is extremely essential in selecting a suitable firm.

Giving Targeted Traffic

Do they recognize the distinction between plain traffic and targeted website traffic? You will certainly hire the services of a search engine optimization Company mainly as a result of the fact that you require to bring in traffic right into your web site. Nevertheless, what you require is targeted traffic that obtains you site visitors who could be truly interested in buying your product and services.

This is based on your preferred keywords in order to create leads. You do not desire pointless traffic that pertains to your internet site as a result of irrelevant keywords. Unqualified web traffic only boosts your bounce rate (surfers that show up on your page and also promptly leave) as well as not your sales.

The right search engine optimization Firm will certainly produce appropriate content for your web site and distribute it to pertinent channels, social media and Press Releases (PR). This will potentially bring about natural backlinks that will certainly boost your total position in the search engine.

Clear Deliverables

A specialist search engine optimization Firm ought to have a clear strategy to attain the wanted lead to an offered time frame. They ought to be able to show the customer what’s being finished for the very first month as well as succeeding months. With this, you will be able to determine just how much work is being carried out in connection to your prices, enabling you to determine your ROI.

A clear outline of work in the proposition should be available at any moment to show the degree of the campaign sectional sofas. This includes how much fresh as well as premium quality relevant web content they are going to release on your internet site each week.

How many circulation channels? What social media sites, post directories and also web sites are they mosting likely to utilize to disperse your web content? The number of PR submissions? And the number of backlinks have been created? These are the qualifying questions that require to be addressed by a good SEO company. Reporting An extensive report system need to be offered to show the development of the SEO campaign, in addition to ranking status of the website.

This coverage could be regular monthly or quarterly. The report must be clear and also concise, making use of the ideal mix of graphics and messages. This will certainly be the bench mark of just how the firm is progressing towards your preferred ranking status.

Efficiency Assurance

Does the search engine optimization Business supply some type of assurance, such as a percentage boost in website traffic? Although there are a lot of variables associated with a search engine optimization project, a specialist search engine optimization business will certainly be able to give efficiency warranties based on their years of experience and also proven technique.

These are the major considerations you need to look at when hiring a search engine optimization Company to ensure that you don’t put your cash down the drain. Search engine optimization is a crucial advertising and marketing strategy to make your brand highly noticeable online to your target audience and also to grow your service. It is a lengthy effort, yet it has greater ROI in the long run when contrasted to various other advertising and marketing options.