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Can Medical Bills Go on Your Credit Report?
https://www.sofi.com/learn/content/can-medical-bills-go-on-your-credit-report/
Medical debt can be a heavy burden for individuals and families. And knowing unpaid medical bills could impact your credit can make the worry even worse. In an effort designed to relieve some of the stress on U.S. consumers, the way medical debt is treated by credit bureaus has changed in recent years. The timeline […]
Can Medical Bills Affect Your Credit Report?
https://www.sofi.com/learn/content/medical-bills-affect-credit/
A hospitalization or medical treatment can carry a price tag that packs a serious punch. If you’re unable to deal with those costs and leave the resulting bill unpaid, insult can get added to injury in the form of damage to your credit score. That’s because once a medical bill becomes delinquent, many hospitals and […]
8 Medical School Loan Forgiveness Programs for Doctors
https://www.sofi.com/learn/content/medical-student-loan-forgiveness-programs-for-doctors/
Doctors have the potential to earn a good salary after graduating medical school and completing their residency — the average primary care physician in the U.S. earns about $260,000, according to a 2022 report by Medscape. But they also typically end up owing hundreds of thousands dollars in student loan debt. Getting the education and […]
How to Read and Understand Your Credit Report
https://www.sofi.com/learn/content/how-to-read-a-credit-report/
It’s a good idea to regularly review your credit report. Doing so can help ensure that the information used to calculate your credit scores is accurate and up to date. It can also alert you to fraud or identity theft. Unfortunately, understanding your credit report can sometimes feel like a challenge — especially if it’s […]
Tax Credits vs Tax Deductions: What’s the Difference?
https://www.sofi.com/learn/content/tax-credit-vs-tax-deduction/
Tax credits and tax deductions work differently, with deductions lowering your taxable income and credits actually reducing the taxes you owe. To be a little more specific, deductions can decrease the amount of income you have to pay taxes on, which can lower your final bill. Tax credits are a dollar-for-dollar reduction in what you […]