Inflation numbers are out for January. Prices increased the most in three months, by 0.5 percent, and egg prices are up 70 percent year-over-year. We talk with Peter Schiff about where inflation is headed. Credit rating agencies report a drop in medical debt. What does the White House say is behind it? The Biden administration…
NTD Business (Feb. 14): Peter Schiff: Real Inflation Is Double CPI Inflation; US to Sell 26 Million Barrels of Reserve Oil
How to Handle Your Medical Bills
When she was 19, writer Emily Maloney found herself facing about $50,000 in medical debt after hospital treatment for a mental health crisis. The debt followed her throughout her twenties, hurting her credit and leading to stressful calls from collection agencies. Her experience is all too common: The Consumer Financial Protection Bureau reports that about…
How COVID-19 has Impacted Retirement
I’ll be the first to admit it. I’m exhausted by COVID-19—just as I’m sure that you are. But, that doesn’t mean you should completely ignore it. If you do, you may not only be putting your physical health in jeopardy but also your financial future. The pandemic has caused job loss or a reduction in hours. In…
Health Care Debt: How to Avoid It, How to Get Rid of It
Whatever you think of the American healthcare system, one thing is clear: Americans pay dearly for healthcare. Those who get insurance through their employers—only 54 percent of Americans employees in 2020—pay handsomely for that. The many Americans who do not get health insurance through their jobs often pay even more to be covered. As a…
Medical Debt Comes Off Millions of Credit Reports—What You Should Know About It
By Ted Rossman From Bankrate.com In late March, the three major credit bureaus announced significant changes to how medical debt will affect Americans’ credit scores. On July 1, paid medical collections will disappear from Equifax, Experian and TransUnion credit reports. Previously, these could have remained for up to seven years. Also, unpaid medical collections will…
3 Things You Should Know About Medical Debts Vanishing Credit Reports
Health care bills are about to become far less threatening to the financial well-being of millions of Americans. The three major credit bureaus are erasing most medical debts from people’s credit reports, and the Biden administration is reducing or eliminating medical debt as a factor in government lending decisions. Here’s what you need to know…
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