Those With Cancer Nearly Three Times More Likely to File for Bankruptcy

A recent study found adults diagnosed with cancer are 2.65 times more likely to file for bankruptcy while bankruptcy filings are as much as five times higher among your cancer patients. According to the study, led by Scott Ramsey, MD, PhD, an internist and health economist at the Fred Hutchinson Cancer Research Center in Seattle, … Read more

Diagnosed With Cancer, Income Dropped, and Deep in Debt. – Betty

“Dear Steve, Household income dropped in 2009 by $75,000, during that time I was also diagnosed with cancer, thus, medical bills on top of everything else. Now I find myself with $55,000 in credit card debt and yes, I am making minimum payments but that’s it. I have talked with a couple of different debt … Read more

Husband Had Cancer and American Express Won’t Help Me With Reduced Payments

“Dear Steve, I lost my job 2 years ago and have been searching for one ever since. I am 63 years old and have spent my whole working life in a management position. Now, if I get an interview, they say you are over qualified. In other words I am too old. So for the … Read more

Beware Of Breast Cancer… And Breast Cancer Scams

It’s that time of the year folks; charity walks, pink ribbons and women posting obscure Facebook status updates in honor of, you guessed it, Breast Cancer Awareness month! Due to the awareness (and sometimes re-awareness) of this cancer and month charities and foundations usually see a spike in donations during the month of October for … Read more

Evangelical Minister Faces 150 Years In Prison For Selling A Bogus Cancer Cure

Christine Daniel was found guilty of federal charges for selling a bogus cancer cure to dozens of patients across the United States. Daniel faces a potential 150 year prison sentence and $5.5 million for her 11 counts of: four counts of mail and wire fraud, six counts of tax evasion with regard to her personal … Read more

I Took a Salary Cut, My Mother Got Dementia and Cancer and I Had to Take Care of the Colostomy. – Bill

“Dear Damon, I had to take a $18000 salary cut due to a company wide reorganization. In addition, my Mother was stricken with Dementia and Cancer and I took care of her especially after her Colostomy to go around the tumor. I had made a promise to her that I would not put her in … Read more

I Cared for My Mother But She Recently Passed Away. Now I’m Left With Terminal Debt. – Bill

“Dear Steve, I searched for rating of Finacial Freedom Non-profit and your expose of their scam came up. Thank you you are a Saint! I had to take a $18000 salary cut due to a company wide reorganization. In addition, my Mother was stricken with Dementia and Cancer and I took care of her especially … Read more

My Mother-In-Law Was Diagnosed With Cancer. We Are Broke From Medical Debts. – JS

“Dear Michael, My mother inlaw was diagnosed with cancer 2 years ago. My husband is an only child. We have been helping my inlaws with cancer treatment money and household finances for over a year. We sold our house to help pay for treatments, I did not work for a year so that I could … Read more

I’m a Single Parent With a Child That Had Cancer. I’m Drowning in Medical Debt and Student Loans. – Star

“Dear Damon, I am a single parent finishing master’s degree, had a son undergo cancer treatment in 2007 and still being seen regularly. Treatments stopped in 2010. Have incurred huge amount medical debt and still incurring. Was in the final stages of Bachelor’s degree at that point in time. Had minor credit card debt under … Read more