Monthly Archives: January 2023

Did you know: 58% of bills sent to collection agencies are medical bills according to the Consumer Finance Protection Bureau. As you may be well aware, both paid and unpaid medical bills affect credit scores greatly. These debts can leave negative marks on your credit history for up to seven years and therefore make it difficult to obtain loans, get certain types of credit cards, get the type of housing you want, and so much more.

Divorce proceedings will likely have you questioning many different things. Many couples are under the impression that debt incurred by one person is that person’s responsibility to pay off. Unfortunately, marriage (and divorce) changes this. Debt can complicate an already complicated situation. If you are considering divorce in Alabama, you may be wondering who is responsible for credit card debt?

Terms like credit utilization ratio and debt to income ratio may sound fancy, but all these ratios really do is give lenders an idea of how much debt you have on a monthly basis. Lenders generally look at these ratios to determine whether or not you’re a reliable borrower and whether or not you can manage your monthly bills comfortably.

Maybe you’re drowning in debt from medical bills and maxed out credit cards and now you’re experiencing debt collectors calling you at work. This may raise the question: can a debt collector call you at work? The short answer is yes, but only if you allow the debt collector to do so. The Fair Debt Collection Practices Act (FDCPA) protects consumers from harassment and other abusive debt collection practices.

Managing personal finances and building credit is incredibly overwhelming, especially if you’re doing it for the first time. Debit and credit cards are crucial tools for making purchases and managing money. But what’s the difference between the two payment methods? Which one is good for building credit?

In this economy, many of us are in the same boat: tiny paychecks and big expenses. Unexpected emergencies – such as medical crises, broken appliances, home or car damage, etc. – can make this situation so much worse. As a result, many Americans find themselves living paycheck to paycheck with lots of debt and poor credit.