Showing 13 to 24 of 34 results
Medical Debt Relief: New Rules and Strategies
In 2024, approximately 20 million Americans owed medical debt, but recent credit reporting changes—excluding paid collections, implementing a one-year waiting period, and excluding debts under $500—offer relief; however, proactive debt management remains crucial.
Medical Debt Relief: New Rules and Strategies
In 2024, approximately 20 million Americans owed medical debt, but recent credit reporting changes—excluding paid collections, implementing a one-year waiting period, and excluding debts under $500—offer relief; however, proactive debt management remains crucial.
Progress
32% Bias Score
Debt Forgiveness: Immediate Relief, Long-Term Credit Impact
Debt forgiveness, while offering relief from high-interest debt, lowers credit scores due to the "settled" status reported to credit bureaus; however, this impact is temporary and recoverable with responsible financial behavior.
Debt Forgiveness: Immediate Relief, Long-Term Credit Impact
Debt forgiveness, while offering relief from high-interest debt, lowers credit scores due to the "settled" status reported to credit bureaus; however, this impact is temporary and recoverable with responsible financial behavior.
Progress
48% Bias Score
Federal Student Loan Payments Resume, Impacting Borrower Credit Scores
The end of pandemic-related pauses on federal student loan payments has resulted in millions of borrowers facing negative credit consequences for the first time since the start of the pandemic, including damaged credit scores and potential wage or tax refund garnishment.
Federal Student Loan Payments Resume, Impacting Borrower Credit Scores
The end of pandemic-related pauses on federal student loan payments has resulted in millions of borrowers facing negative credit consequences for the first time since the start of the pandemic, including damaged credit scores and potential wage or tax refund garnishment.
Progress
40% Bias Score
Debt Forgiveness Programs: Debunking Myths and Assessing Real-World Impacts
Debt forgiveness programs reduce unsecured debt by an average of 30-50%, impacting credit scores temporarily, but not permanently, and are not scams if used with accredited companies; however, eligibility requires a minimum debt of $5,000-$10,000 and demonstrable financial hardship.
Debt Forgiveness Programs: Debunking Myths and Assessing Real-World Impacts
Debt forgiveness programs reduce unsecured debt by an average of 30-50%, impacting credit scores temporarily, but not permanently, and are not scams if used with accredited companies; however, eligibility requires a minimum debt of $5,000-$10,000 and demonstrable financial hardship.
Progress
32% Bias Score
Consequences of Unsecured Loan Default and Available Debt Relief Options
Defaulting on an unsecured loan leads to late fees, credit score damage, collection calls, potential lawsuits, and impacts future credit and employment; however, debt consolidation, forgiveness, management, or bankruptcy offer potential solutions.
Consequences of Unsecured Loan Default and Available Debt Relief Options
Defaulting on an unsecured loan leads to late fees, credit score damage, collection calls, potential lawsuits, and impacts future credit and employment; however, debt consolidation, forgiveness, management, or bankruptcy offer potential solutions.
Progress
56% Bias Score
Personal Loans for Debt Consolidation: When it Works and When it Doesn't
Consolidating high-interest debt with a personal loan can save money and simplify finances if used responsibly, but it may worsen the situation if not used with improved spending habits and a lower interest rate.
Personal Loans for Debt Consolidation: When it Works and When it Doesn't
Consolidating high-interest debt with a personal loan can save money and simplify finances if used responsibly, but it may worsen the situation if not used with improved spending habits and a lower interest rate.
Progress
44% Bias Score
Rising Credit Card Defaults: Causes, Consequences, and Solutions
Millions of Americans face potential credit card default due to rising inflation, economic uncertainty, and high-interest rates (nearly 22%), resulting in severe credit damage, legal action, and long-term financial consequences.
Rising Credit Card Defaults: Causes, Consequences, and Solutions
Millions of Americans face potential credit card default due to rising inflation, economic uncertainty, and high-interest rates (nearly 22%), resulting in severe credit damage, legal action, and long-term financial consequences.
Progress
44% Bias Score
Debt Forgiveness: Credit Score Impact and Long-Term Effects
Debt forgiveness, while offering debt relief, negatively impacts credit scores by marking debts as "settled," affecting future borrowing; however, responsible financial behavior can mitigate the long-term effects.
Debt Forgiveness: Credit Score Impact and Long-Term Effects
Debt forgiveness, while offering debt relief, negatively impacts credit scores by marking debts as "settled," affecting future borrowing; however, responsible financial behavior can mitigate the long-term effects.
Progress
56% Bias Score
Debt Forgiveness: Temporary Credit Impact, Significant Debt Reduction
Debt forgiveness programs temporarily lower credit scores due to payment cessation, but the damage is reversible and the debt reduction, averaging 30-50%, often outweighs the credit impact.
Debt Forgiveness: Temporary Credit Impact, Significant Debt Reduction
Debt forgiveness programs temporarily lower credit scores due to payment cessation, but the damage is reversible and the debt reduction, averaging 30-50%, often outweighs the credit impact.
Progress
40% Bias Score
Schufa Increases Credit Score Transparency in Germany
Germany's Schufa credit agency will launch a new, transparent credit scoring system in Q4 2024, offering free access to individual scores and their components, replacing over 50 existing scores with a single score based on 12 criteria to improve transparency and fairness.
Schufa Increases Credit Score Transparency in Germany
Germany's Schufa credit agency will launch a new, transparent credit scoring system in Q4 2024, offering free access to individual scores and their components, replacing over 50 existing scores with a single score based on 12 criteria to improve transparency and fairness.
Progress
40% Bias Score
9 Million Student Loan Borrowers Delinquent Post-Pandemic Pause
Following a three-year pandemic payment pause, 9.2 million Americans are now delinquent on their student loans, representing a 43% delinquency rate among borrowers and over \$250 billion in delinquent debt; this surge is impacting credit scores and broader economic stability.
9 Million Student Loan Borrowers Delinquent Post-Pandemic Pause
Following a three-year pandemic payment pause, 9.2 million Americans are now delinquent on their student loans, representing a 43% delinquency rate among borrowers and over \$250 billion in delinquent debt; this surge is impacting credit scores and broader economic stability.
Progress
56% Bias Score
Poor Credit Scores Cost UK Borrowers Hundreds of Thousands in Extra Interest
UK borrowers with poor credit scores could pay £256,630 more in lifetime interest, double the cost since 2020, due to rising interest rates; improving credit scores offers significant financial benefits.
Poor Credit Scores Cost UK Borrowers Hundreds of Thousands in Extra Interest
UK borrowers with poor credit scores could pay £256,630 more in lifetime interest, double the cost since 2020, due to rising interest rates; improving credit scores offers significant financial benefits.
Progress
44% Bias Score
Showing 13 to 24 of 34 results