Leadpile’s Blog

We all have a grandma and grandpa that we like to go visit. However, the last thing we want to see is them struggling to pay their bills. Unfortunately, with the reduction in income, increased health problems and sometimes loss of full medical benefits, many elderly are facing hard times in their later years. According to MSNBC, the older the individuals get the higher risk they are at potentially filing bankruptcy.
In 2007, 22% of the bankruptcies filed were those individuals that are 55 years old and older. The number of bankruptcies filed by younger individuals actually dropped. There could be various factors that are contributing to this increase in bankruptcy filings for 55+. For example, consumers could be retiring at a normal age, however entering retirement with a lot more outstanding debt then in years previously. Also, increased cases of fraud happening in this country has also affected the elderly, who tend to be targets of scammers.
Eldery or not, consumers survive through life and hard times with credit cards and other forms of debt. Unfortunately, that catches up to everyone at some point or another. Bankruptcy is one option consumers have, but also services such as debt consolidation, debt settlement, refinancing your home and taking cash out, which should be attempted before resorting to the bankruptcy option. Leadpile Lead Exchange deals with all these lead types and fully understands companies need leads of these individuals to assist.
Let’s all try to take care of our grandmas and grandpas!