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Online Credit Reports & How They Are Tracking Everything You Do

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Consult the credit bureau(s) if you see a suspicious business name or are confused about why a specific company checked your credit. Examples include: Bankruptcies. What to look for in public records: A Chapter 7 bankruptcy stays on your credit report for 10 years after it’s filed. Public Records. Foreclosures.

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Healthy Aging, Healthy Finances: How Prioritizing Your Health Can Help You Save for Retirement

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of bankruptcies are caused by medical expenses , making it the most common cause of bankruptcy. If you would like more information, you should speak with your doctor, your insurance company, your employer, or a financial advisor. A staggering 66.5% But, it gets worse. of the Gross Domestic Product (GDP).

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Income-Generating Investments That Build Wealth During Retirement

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These are only some unfortunate events that led to bankruptcies and macroeconomic weakness. And they only had limited time and resources to recover from their bankruptcy. This is a contract between a policyholder and an insurance company. Yet, the memories of their aftermath have remained remarkable.

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Ways Credit History Can Impact Everyday Life

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Your credit report also contains information on overdue debt, foreclosures, bankruptcies, judgments, and liens. With auto loans and insurance, location matters. If you buy a car in these American states, your credit score won’t affect your auto insurance rates, regardless of how bad.

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Do You Need Credit Even After You Retire?

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Landlords review your credit report for bankruptcies, charged-off accounts, and any red flags that may indicate financial issues. Though I never wish it upon you, if you, G-d forbid, are ever involved in a car accident, auto insurance will help cover the mess. Potential landlords often request to see your credit report.

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How Long Do Hard Inquiries Stay on Your Credit Report—The Timeline Explained

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Per FICO, lenders and creditors view hard inquiries as a sign of risk—statistically, consumers with six or more inquiries on their credit bureau reports are several times more likely to file for bankruptcy. However, they’re viewed as less harmful than missed payments, late payments , and some other factors featured on your credit report.

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Managing Healthcare Costs in Retirement: A Comprehensive Guide

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Medigap (or Medicare Supplement) is a medicare supplement sold by private insurance companies to help fill the “gaps” in the medicare system. Staying Healthy in Retirement Even with good medical insurance and a full HSA, big medical bills can wreak havoc on your finances.