Medical debt can significantly impact your credit score, often without you realizing it. Many individuals in Tampa Bay and across the nation struggle with medical bills, which can lead to unexpected drops in their credit ratings. Understanding how to manage and mitigate this debt is crucial for maintaining a healthy financial profile. First, it is …
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Rebuilding your credit score after filing for bankruptcy can be a challenging yet essential task. Bankruptcy significantly impacts your credit, but with the right strategies, you can start to rebuild your financial standing. Here’s a guide on how to improve your credit score post-bankruptcy: 1. Check Your Credit Report: The first step is to obtain …
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Inflation is a macroeconomic phenomenon characterized by the general increase in prices of goods and services in an economy over a period. While inflation itself does not directly influence an individual’s credit score, its indirect effects can be significant. Understanding how inflation impacts personal finances, particularly credit health, is essential for maintaining a healthy financial …
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Perhaps you have the chance you have always dreamed of within your military career. It could mean greater responsibility, a larger paycheck, and possibly an increase in rank. But first, you must pass the security clearance the new job demands. However, as the armed forces required background check starts, your personal existence abruptly is no …
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Personal loans are helpful when you’re in a financial bind. However, after filing bankruptcy it may be a while before you can qualify for one of these loans at a low-interest rate. You may also find the entire process challenging, but it isn’t impossible. Here are a few things you should know if you find …
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It is important to have good credit. It opens up avenues for lesser interests and it affects future loan approvals for larger purchases. Therefore, although having a bigger credit limit is better, here is what you must know for building your credit in the right manner. Two factors decide if a rise in credit limit …
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Your FICO score is a 3-digit number that you receive based on your credit report. The number helps the lenders in deciding the possibility of you returning a loan. It also affects the amount you can borrow, the number of months you get for repayment, and how much this loan is going to cost in …
Have you heard about the snowball method of debt repayment? This system requires you to first place as much income as possible towards paying off your smallest debt. You’ll continue to make minimum payments on other debts. Once you’ve paid off one debt, you start working on your next smallest debt until everything is paid …
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When you stop the payments on your credit card, you can pretty much expect a poor credit score, charging of late fees, and increased interest. If you are facing some unexpected circumstances such as heavy medical bills or unemployment and you are faced with more debt than you are capable of repaying, it will be …
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In the United States, credit is one of the most important factors when it comes to your personal finances. Did you know that your credit score can even impact your ability to rent a home or condo? Credit scores can range from a low of 350 all the way to a high of 850. In …
