5 Reasons Not to Pay Medical Bills with a Credit Card

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Medical debt is a burden faced by millions of Americans. In fact, a study conducted by The New York Times and the Kaiser Family Foundation earlier this year discovered that 26% of Americans (both insured and uninsured) have suffered severe financial hardship because of struggling to pay their medical bills.

Whether you can’t afford to make payments and are desperately seeking a way to cover those bills or you crave frequent flyer miles, choosing to pay off your medical debt with a credit card can be tempting. Think twice before taking this route, however. You may be discounting these five risk factors.

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Preparing for Tax Season: Understanding How Taxes Affect Your Credit

The effect taxes can have on your credit

Most people don’t like paying taxes, and many people withhold far more tax money than they need too. That money has been called a tax free loan to the government, but withholding too much money as opposed to not enough may not be as irrational as some people would like to make it out to be.

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4 Strategies for Monitoring Your Credit

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As a consumer in the United States, your credit profile can determine the interest rates you pay on loans, the type of apartment you can rent, and even whether or not you get a certain job. Identifying and fixing errors on your credit reports is vital to improving a bad situation but monitoring your credit can also prevent many issues. How can you monitor your credit to avoid digging yourself out of a hole? Here are four strategies you can use today.

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How a Lengthy Credit History Can Improve Your Score

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Debt is a dirty word, for millions of Americans, and yet, the average household depends on it for survival. Despite the negative connotations, did you know that owning a mortgage, auto loan and/or student loan can actually help your credit? Surprising, but true. Long-term debts have the ability to improve your credit scores by creating:

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What to Do If Your Child’s Identity is Stolen

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As a parent, protecting your children is your first priority, but it isn’t always easy. Sometimes danger can take unexpected forms. While you may think about keeping them safe when crossing the street or climbing a tree, have you thought about keeping their identity safe from thieves? If you haven’t, perhaps you should.

Each year, an estimated 1.3 million children are victims of identity theft, and half are under the age of six. Cases include things like using a child’s name or Social Security number to apply for loans, rent or buy property, or open credit accounts. And you may not even notice until years later when your child tries to apply for student loans or get a car loan. However, if you’ve discovered your child’s identity has been stolen, here’s what you should do.

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