For many people, the announcement last year that the three major credit reporting agencies would remove paid medical debts from credit reports was a welcome relief. Medical bills and the confusion those bills and insurance cause, has led to many people owing debts they never planned for. Here is an update on the changes to credit reports, credit scores, and how to manage medical bills.
The U.S. Department of Education's decision to reverse it's rule on the addition of collection fees to student loans may cost borrowers thousands of dollars.
If you follow a few sure-fire steps, you can build your credit enough to buy your own house or your own car. Here are five steps to take to get your credit where it needs to be.
As it is with everything in life, once you fall behind on student loans, catching up can feel impossible. Here is how to do it.
American Financial Solutions (AFS) is pleased to announce the launch of their student loan counseling program. This service will help deliver relief to borrowers in Washington State and across the nation, who have been struggling to repay the money they borrowed to finance a college education.
Two of the largest collections agencies receive multi-million dollar penalties due to their use of abusive, unfair and deceptive practices to collect debts.
The idea is great, ask a debt collector for proof you owe a debt and if they cannot produce it, you do not have to pay. However, the reality of using this tactic may yield very different results.
Some of you might be rejoicing a bit because of news that the chief credit scoring outfit, FICO, is changing its rules about how it scores debtors. The main change is that the new system will draw a distinction between medical debt and regular debt. The other big change is the new system will disregard medical collection accounts if they are paid or settled.
Some collection companies may be more effective simply by using the letterhead from local courts. Learn what you can do to protect your rights with debt collectors.