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Medical Debt: An American Struggle

RevCycle

What are the consequences of medical debt ? Medical debt has negative consequences for Americans. One consequence is that it can damage credit scores. Medical debt can also lead to bankruptcy. In 2020, medical debt was a factor in 58% of all bankruptcies. The average medical debt per person is $6,600.

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What Bills Help Build Credit?

CreditStrong for Business

Building credit is an important part of your financial life. Your credit score determines the loans and credit cards you can qualify for and the interest rates of the loans you can get. What Bills Help Build Credit? What Bills Help Build Credit?

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What Bills Help Build Credit?

CreditStrong for Business

Building credit is an important part of your financial life. Your credit score determines the loans and credit cards you can qualify for and the interest rates of the loans you can get. What Bills Help Build Credit? What Bills Help Build Credit?

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13 Surprising Factors That Affect Your Credit Score (and Why Small Business Owners Should Care)

Fundera

When a credit bureau computes your credit score, their job is to produce a number that estimates—given your past and current financial history—how likely you are to default on future debts. There are five notable components of a personal credit score. There are five notable components of a personal credit score.

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Credit 101: The Ultimate Guide to Managing Credit

Prosper

However, it’s never too late to learn money strategies to help you manage credit, get out of debt and create a budget and saving plan that keeps you financially fit. In this first installment of our money management series, we will explore all things credit. How do you establish or rebuild good credit? Credit Basics.

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What to Bring When Buying a Car

CreditStrong for Business

Credit Score and History If you intend to finance a vehicle or similar large purchase, obtaining a recent copy of your credit report is always encouraged. The three major credit bureaus, Equifax, Experian, and Transunion, each provide consumers one free copy of the report annually.

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Business Loan vs. Personal Loan: Which Should You Choose?

CreditStrong for Business

For example, you can’t use one to consolidate your personal and business credit card debt or improve your personal residence. If you’re using your business line of credit to finance a capital expenditure, the underlying asset will usually be your collateral. If you ever default, they’d be able to collect by seizing personal assets.