Have you ever heard that "Medical Debts / Collections do not hurt your credit score" ??
That is incredibly inaccurate and we debunk that myth. 52% of all collections on Credit Reports are Medical based debts, according to a report released by the CFPB. In this episode, we discuss the nuances of medical debts that get turned over to a collection agency, and how that can adversely affect your credit score. If you have medical collections and want to understand how to repair your credit, this episode will help you understand exactly how much medical collections are actually hurting your credit score.
Link to the CFPB Study :CFPB Medical Debt Study
The Extra Credit Show is a show hosted by Ex-Debt Collection Agency Executive and Consumer Credit Expert Anselmo Moreno and his business partner Richard David. They have been in the consumer credit consulting and credit repair business since 2005. They often found themselves talking to each other about the current state of consumer credit, debt, credit bureaus etc. - take a listen to the minds of two passionate long time credit repair experts.
Watch the show on YouTube: https://youtu.be/OQLsrEDSL1I
Available on Itunes, Stitcher, Google Play, and everywhere Podcasts are found.
Facebook: www.facebook.com/TheExtraCreditShow
Web: www.TheExtraCreditShow.com
Contact: TheExtraCreditShow@gmail.com
"Credit Engineers" and Business Credit Funding Scams Galore!
ID Theft Victim Interview: An extreme case of ID Theft and how LifeLock failed to help
Anselmo Vs. Shady Debt Collector - Special Episode
The IRS Prank Call - Special Episode
Charge-Offs: What is a Charge-OFF and how bad is it?
850 Credit Score Mindset - Good Credit Joe VS. Bad Credit Joe
Mixed Credit: When somebody else's credit history shows up on your credit report
ID THEFT: Data Breach Survival Guide
3 common credit issues and what you can do to fix them
What the FICO: Breaking down the FICO Credit Scoring Model
Credit and Divorces: What happens to your credit when you get Divorced!
Caution: Don't Co-Sign! 4 things you NEED to know about Co-Signing and Credit Scores
Your Questions Answered: "Account in Dispute" Comments & Building Credit With Auto Loans
Is Credit Karma Accurate?
Confessions of a Collector: Facebook and Debt Collectors!
Public Records - Tax Liens, Judgments, and Bankruptcies!
Experian Releases 8th Annual “State of Credit" Report!
Online Disputes Vs. Written Mail Disputes!
Is Credit Repair Right For You?
Using your Tax Refund to Fix Your Credit!
Create your
podcast in
minutes
It is Free
Navigating Life After 40
Teaching Learning Leading K-12
Regenerative Skills
The Jordan B. Peterson Podcast
The Mel Robbins Podcast