RevCycle

NOVEMBER 15, 2023

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.

Medical Billing 207

Medical Billing Bankruptcy Credit Scoring Deductions 207

CreditStrong for Business

SEPTEMBER 6, 2024

Tax Deduction If you use a term loan for business purposes, the Internal Revenue Service (IRS) lets you deduct the interest portion of your monthly payments from your company’s taxable income. Because you can’t use business loans for anything else, their interest is almost always deductible.

Deductions 52

Deductions Credit Scoring Medical Billing Credit and Collections 52

Prosper

JANUARY 9, 2023

Living with debt is stressful, whether you have high-interest credit cards, student loans, car loans, buy-now-pay-later services, or unpaid medical bills. Or, if you have multiple credit cards with similar interest rates, you can use your tax refund to pay down your smallest balances first–called the “ snowball method.”

Medical Billing 52

Medical Billing Credit Scoring Deductions Small Businesses 52

Due

OCTOBER 8, 2024

Credit Score Based on your credit history, this is a number that lenders use to evaluate the risk of lending you money. Maintaining a good credit score means paying your bills on time and keeping your credit card balances low. Gross Income The amount earned before taxes and other deductions.

Credit and Collections 52

Credit and Collections Deductions Credit Scoring Medical Billing 52

Due

DECEMBER 30, 2022

Have you recently been hit with major medical bills, unexpected home repairs, or other expenses that have strained your finances? A higher credit score will result in better refinance rates from lenders — and a greater chance of approval from underwriters. Keep track of your credit score and watch for rate drops.

Credit Scoring 121

Credit Scoring Medical Billing Deductions 121

Prosper

NOVEMBER 30, 2022

Lower interest rates: Your home equity loan is backed by your house, which means you’ll generally receive lower interest rates than credit cards or other unsecured loan types. This makes a HELoan perfect for large renovation projects, medical bills, and other scenarios where you need a fixed, large sum of money.

Medical Billing 52

Medical Billing Deductions Credit Scoring Default 52

Due

MARCH 3, 2023

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. It is possible to ruin your finances without insurance if you do not have enough cash to cover a large medical bill, car accident, house fire, or theft.

Credit Scoring 105

Credit Scoring Bankruptcy Medical Billing Brokerages 105