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Financial Feminist
180. Debt, Bankruptcy, and Student Loans: Everything You Need to Know with Debt Expert Leslie H. Tayne, Esq.
Aug 20, 2024
Leslie H. Tayne, a leading financial attorney with over 20 years of debt relief experience, joins to tackle money worries. She shares insights on navigating crushing medical bills and student debt complexities, emphasizing the importance of proactive negotiation with healthcare providers. Leslie discusses budgeting, recognizes the emotional toll of credit card debt, and advises on bankruptcy decisions. Her practical strategies empower listeners to reclaim control over their finances and find the path to financial freedom.
01:14:49
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Quick takeaways
- Maintaining a good credit score is crucial as it can drastically drop from missed payments, requiring careful financial management for recovery.
- Understanding your rights against debt collectors and exploring options like debt consolidation or bankruptcy is essential for financial health and relief.
Deep dives
The Long Journey to Building Credit
Building a good credit score takes years of diligent financial management, but it can be damaged in an instant through actions like missed payments. A pristine score of 740 or higher is a point of pride for many, yet missing just one payment can lead to a drop of up to 100 points. Once one’s credit score is negatively impacted, recovery is a slow process that requires careful planning and financial discipline. This makes maintaining good credit crucial, as the implications of having a low score can affect everything from loan approvals to rental applications.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode