Archives for September 2023

There are tens of billions in outstanding medical bills currently in collections, affecting one in five American families. For patients with little or no health insurance coverage, offers of medical credit cards with zero percent introductory interest have been growing to bridge the gap. In fact, between 2018 and 2020, families using specialty medical credit cards racked up over 23 billion dollars in medical debt. Taking a card out to afford the high cost of medical care has only … [Read more...]

The new SAVE (Saving on a Valuable Education) plan promises to reduce student loan payments, set to resume next month after the pandemic related pause. Much like previous income driven repayment plans, SAVE calculates monthly payments based on income and family size to make payments more affordable for borrowers.. SAVE is calculated using the difference between a borrower’s discretionary income and 225% of the poverty level compared to existing income driven plans that calculate discretionary … [Read more...]