Hefty medical bills are an easy way to fall into debt fast. We find out what it could mean for your financial health if you don’t pay them off. It takes seven years for medical debt to disappear from your credit report. And even then, the debt never actually goes away. If […]

If you take no action to resolve your medical debt, the bill will go into collections. Medical debt collections are incredibly common. The Consumer Financial Protection Bureau said that in 2014 more than 43 million Americans had medical debt in collections that was affecting their credit score. Medical debt collectors […]

When tackling medical debt, you may have to deal not only with doctors and hospitals, but also with your health insurance company and even an army of debt collectors. Some medical establishments are quite aggressive about collecting debts and may even sue you or try to convince you that you can’t […]

Medical debt is financially and emotionally taxing, more so than most other types of debt, but there are ways to manage it before it gets out of hand. Health care and hospitalization costs have soared far beyond what most people can cover on their own. Unless you have a rock-solid […]

Generally speaking, hospitals and other medical establishments won’t report outstanding debt to credit reporting agencies them self because they risk ruining their reputation. But this doesn’t mean that unpaid medical bills can’t negatively impact your credit score. If your healthcare provider decides to refer your debt to a collection agency […]

How to Negotiate Your Medical Bills Down If you get slammed with a monster-size medical bill, and you don’t have the funds readily available to pay it, don’t panic. There are steps you can take to negotiate your bill down to a lower amount or make smaller, more manageable, payments. Check the […]

Many students get federal student aid to help pay for their study at international schools, either at the undergraduate or graduate level Whether you plan to study abroad for a semester or get your entire degree outside the United States, you may be able to use federal student aid to […]

The investments below all come with insurance, which make their risks practically nonexistent. But their yields are also very low compared with the long-term returns you might get by investing in the stock market. Money market accounts What are they? These are essentially savings accounts, but they allow you to […]

At today’s low interest rates, no bank product – savings, reward checking, money market, or CD – is going to earn you much more than 1% on your investment. That’s enough to stay current with inflation, at least for now, but not enough to build up your savings over time. So […]

Most loans have a grace period, but you’ll want to determine your repayment plan as early as possible. When it comes to repaying your federal student loan, there’s a lot to consider. Understanding the details of repayment can save you time and money. Find out when repayment starts, how to make your […]