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🇺🇸 Bureaus Act on Medical Debts
Three major credit bureaus announced the following on 3/18: Remove paid medical collection debt beginning from July 1, 2022; Increase the...
Frank Tian
Apr 14, 20221 min read
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Impact of Payment Pause on Credit Scores of US Student Loan Holders
3 highlights from NY Fed’s latest consumer credit analysis by income: 👉 The lower-income group holds comparable auto loans and student...
Frank Tian
Apr 8, 20221 min read
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US banks Cap the daily # of Overdraft/NSF Fees
Most US banks cap the daily # of overdraft/NSF fees to 3. Even though some could charge up to 8. The trend is to move down to 0. Source:...
Frank Tian
Apr 6, 20221 min read
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🏥 American's Heavy Medical Debt
Key stats in CFPB’s comprehensive report: 👇 - A total of $88 billion medical collections. - Even though it drops slightly in recent 3...
Frank Tian
Apr 2, 20221 min read
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US Quarterly Household Credit Update
🏦 Latest quarterly Fed report: US household debt up $333 billion in Q4 ‘21. The total debt reached $15.58 trillion. Over $1 trillion...
Frank Tian
Feb 8, 20221 min read
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Q4 '21: Canadian Card Down Significantly
💳 The Canadian credit card balance is still down significantly. 🐢 The speed of recovery is slower than consumer spending. Source: Globe...
Frank Tian
Feb 4, 20221 min read
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