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Category Archives: Research, regulation, industry reports

Medical bills can take a big toll on credit

Brady Porche

Paying a big medical bill can have long-term financial side effects, according to a new study by Chase. In a study of 250,000 Chase checking account holders, the bank found that the average family’s revolving credit card debt was 9…
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Bad credit increases your risk of early death

Kelly Dilworth

Falling behind on payments won’t just wreck your credit score, it could also increase your risk of early death. According to new research released by the Federal Reserve Bank of Atlanta, people with bad credit are significantly more likely to…
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1099-C rule change is good news for debtors

Fred Williams

This tax season, there’s good news for people struggling with debt. Under a new IRS rule, people will no longer be squeezed for taxes just because an old debt has gone unpaid. Before coming to that, however, some bad news:…
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Are millennials really shunning credit cards?

Kelly Dilworth

Millennials are often portrayed as reluctant credit card borrowers who snub their noses at high-interest plastic and prefer prepaid cards and debit for most of their transactions. But according to recent research looking at millennials and credit, it appears that…
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‘President Trump’ – How does that make you feel about your finances?

Brady Porche

As Donald Trump takes the oath of office, Americans have mixed feelings about their personal financial outlook for the next four years. A new survey by Experian finds 51 percent expect their personal financial status to improve during Trump’s term. As…
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