- Pulse check your finances
As an annual midway point, July is the perfect time of year to check in on your personal finances.
Remember those New Year’s financial resolutions? How are they doing? Resolutions are rarely easy, but chances are you didn’t anticipate the headwinds caused by an inflation rate that has exceeded 8% for several months when you were setting your financial goals. - Pull your credit report to see if your medical debt was removed
As of July 1, the three major credit bureaus (Experian, Equifax and TransUnion) are beginning to overhaul how they treat medical debt on your credit report.
The first, and perhaps biggest change, is that all medical collections debt that’s been paid off will be removed. Automatically. Under the old rules, if your medical debt went to collections, it could continue to harm your credit score long after you paid it off. That information simply won’t show up anymore.
Additionally, unpaid medical bills that go into collections will take longer to show up on your credit reports: one full year, up from six months. This will allow for a little more time to negotiate the debt before it affects your credit. - Get ready for Amazon Prime Day
Amazon Prime Day (er, days?) is almost here. This year, the two-day event takes place on July 12 and July 13, kicking off at 3 a.m. Eastern July 12.
*Article from money.com
Author Adam Hardy & Editor Kaitlin Mulhere
Read more: https://money.com/best-money-moves/