Remove Bankruptcy Remove Credit Scoring Remove Deductions
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Medical Debt: An American Struggle

RevCycle

Another reason why Americans have so much medical debt is that many Americans have high-deductible health insurance plans. These plans have a low monthly premium, but they have a high deductible, which is the amount of money that the insured person must pay out-of-pocket before their insurance starts to pay.

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How Many Points Does a Mortgage Raise Your Credit Score—Explained in Detail

CreditStrong for Business

If youre about to apply for a mortgage loan, you are most likely concerned about how the loan will affect your credit score. This is because your credit score significantly influences your financial prospects and your chances of qualifying for loans, lower interest rates, cash back rewards, and travel points.

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Is Your AR Generating All the Cash Flow It Should?

Your Virtual Credit Manager

To make matters worse, invoice errors also tend to generate payment deductions (partial payments). Correcting invoices and reconciling payment deductions are essentially rework: work that is not necessary if you got it right the first time. To make matters worse, most payment posting errors will involve deductions.

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What Triggers Your Collection Efforts?

Your Virtual Credit Manager

This is done by getting updated credit reports, updating credit references, sharing information with a credit industry group, and monitoring various information sources both internal and external. When you become aware of suits, liens, judgments, slowing payments or deteriorating credit scores it is time to take action.

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12 Ways to Start the New Year Off on the Right Financial Foot

Due

Improve your credit score. Credit scores are a snapshot of your finances. Creditors look at your score as a sign of trustworthiness. If you’ve got a high credit score, you’re more likely to be able to handle your finances and repay debt; if you’ve got a low score, you’re more risky.

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9 Benefits of Getting an EIN (Even If You Don’t Have To)

Fundera

If you file for bankruptcy. Plus, for certain types of tax deductions, such as home office deductions for business, your chances of an IRS audit decrease if you have an EIN. “If Personal office deductions have a tendency to bring on IRS audits. Corporations and any entity taxed as a corporation. Multi-member LLCs.

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25 Ways You’re Killing Your Savings: STOP Making These Mistakes

Due

These funds could be used to pay off a credit card debt or pad your savings. When a few dollars separate you from foreclosure or bankruptcy, every dollar counts. Your credit score is 579 or lower. In this case, additional credit is difficult to get at a reasonable interest rate as this is below the average.