On January 7, 2025, the Consumer Financial Protection Bureau (CFPB) finalized a ruling to remove all medical debt from credit reports. This change means that both paid and unpaid medical collections will no longer be reported to credit bureaus. In 2023, it was announced that paid medical collections and outstanding medical debts under $500 would … Read more
Most consumers are now familiar with Buy Now, Pay Later (BNPL) or have at least heard of it. Similar to a Layaway plan, BNPL allows you to receive your items upfront and pay for them over time, rather than paying in full before receiving the items. Unlike Layaway, which typically involves longer payment periods, BNPL … Read more
The IRS began issuing Individual Tax Identification Number (ITIN’s) in 1996 for individuals who are not eligible for a social security number. Initially, they were issued solely for tax purposes. According to the IRS, “ITIN’s do not provide identity outside the Federal Tax System and should not be offered or accepted as identification for non-tax … Read more