Paying “Minimum Amount” on Your Credit Cards? Think Again! Contrary to common notion, paying the “minimum amount” due on the credit card every month doesn’t help in clearing off debt. Many people live under the myth that a small amount paid every month is enough to keep them in the good books of lenders and…
DetailsUnderstanding the Impact of Unpaid Medical Bills on Your Credit Report After a serious medical crisis, unpaid medical bills may create chaos in your financial life. Unpaid medical bills have a direct effect on your credit score. As per the Federal Reserve, one out of six credit reports contains a component of medical debt collection,…
DetailsCredit Repair: 3 Instances When Taking a hit on Credit Score is OK One topic that we often discuss in the field of finance is credit score. More often than not, people are reluctant to make any kind of move that affects their FICO score. They are scared to death of damaging their credit scores.…
Details
