myths about minimum payment

Hospital debt and unpaid medical bills are becoming increasingly common in the United States. While people without insurance struggle to pay medical costs, people with medical insurance have also been having trouble affording certain medical treatments. Luckily, the three major credit bureaus, Equifax, Experian, and TransUnion, have a 180-day waiting period before your medical debt …

How to Avoid Affecting Your Credit Score While Paying Hospital Debt? Read More »

Bankruptcy is a legal process that relieves individuals of their debts—partially or wholly, depending on the circumstances. While it’s a smart decision to promptly file for bankruptcy when needed, it is vital to understand the implications of doing so on your credit score. In this article, we’ve discussed the process of bankruptcy and how it …

Does Filing for Bankruptcy Affect Your Credit Score? Read More »

According to the Consumer Federation of America, 32% percent of Americans have never obtained a copy of their free credit report. This could potentially risk their financial well-being as inaccurate credit reports can cost you loan denials and money. In fact, you could also fall victim to identity theft. You can easily access your credit reports at AnnualCreditReport.com and continually …

What Is A Credit Report and What Does It Include? Read More »

During these times of financial uncertainty, people are getting more and more concerned about securing their financial future. This includes maintaining a good credit card score in order to save money on interest rates. One of the most effective ways to grow your credit score is to pay off your credit accounts. When you pay …

Paying Off an Account: Understanding How Quickly Your Credit Score Will be Affected Read More »

They focus on your credit report to gauge your capabilities to handle finances.

There’s a lot of misinformation out there about credit cards in general. That’s because they work with credit, which is a tricky thing to tackle as it plays a role in so many things. Understanding the best way you can deal with your credit cards has to do with understanding how credit works. Understanding credit …

4 Credit Card Minimum Payment Myths Debunked Read More »