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Medical Debt Is Being Removed From Credit Reports

Medical Debt Is Being Removed From Credit Reports Numerous media outlets have reported that as of July 1st, the three major credit bureaus are removing paid-off medical debt from individual credit reports.  In addition, according to Marketplace, any new medical bills that don’t don’t get paid right away, will not appear on credit reports for

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U.S. Consumer Debt Approaches $16 Trillion

U.S. Consumer Debt Approaches Trillion A recent chart from the Visual Capitalist illustrates how U.S. consumer debt is rapidly approaching a record-breaking $ 16 trillion.  In addition, they point out that the rate of increase in consumer debt for Q4 2021 was also the highest seen since 2007.  Stay safe and have a Happy Friday!!!

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The Impact of Student Debt on Life’s Decisions

The Impact of Student Debt on Life’s Decisions We posted last summer about how Americans own over $ 1.7 trillion in student loans.  Today’s infographic from the National Association of Realtors illustrates the impact of student loan debt of life’s decisions. Interestingly they point out that of those with student loans, 46% delayed moving out

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Total Household Debt Keeps Rising

Total Household Debt Keeps Rising A new report from the NY Fed says total household debt rose by $ 313 billion (2.1%) to reaching $ 14.96 trillion in Q2, 2021.  According to their latest Quarterly Report on Household Debt and Credit, mortgage balances was the largest component of household debt, rising by $ 282 billion.

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