Medical debt has always been a huge burden to the American consumer, and for a long time it has been able to substantially weaken your credit score.
Credit Repair News
You may be unaware of a few surprising elements that contribute to a lower credit score
Most people know that a credit score is important for a variety of reasons. From being able to purchase a car to applying for a home loan, your financial history is assessed and scrutinized a great deal.
Missing payments, cancelling old cards, or spending to close to your monthly limit will hurt a FICO credit score.
Debt can get in the way of many aspects of life, leading to stress, under performance at your job, relationship issues and a host of other problems.
Identity theft can impact your life substantially. According to a study by Javelin Strategy & Research, 12.7 million consumers became victims of identity fraud, and $16 billion stolen from fraud victims in 2014.
As people age, it is common to find new ways of establishing a budget.
College is a great time to start getting into good credit habits.
There is no easy solution to high medical debt.
Large medical bills can be overwhelming, and many consumers feel that when their health expenses begin to pile up, bankruptcy is the only available option.