#FinancialLiteracyMonth: Did you know? According to The Urban Institute, 11% of U.S. consumers, or 43 million Americans, had a medical debt in collections in 2022. The Consumer Financial Protection Bureau estimates that the amount of medical debt in collections is likely higher. While the way medical debt is reported to the credit bureaus has changed, it doesn’t mean you don’t owe the debt. You still owe it and can be sued if you don’t make an arrangement to pay. Don’t let medical bills overwhelm your budget. Cambridge's new budgeting and education portal is online, and you can use it for free. Create, adjust, and securely store your budget here: https://www.mymoney.cambridge-credit.org #MedicalDebt #DebtSucks (fb)

#FinancialLiteracyMonth: Did you know? According to the Federal Reserve Bank of New York, there are over 617 million open credit card accounts in the U.S. 182 million Americans have at least one credit card, but the average cardholder has four. Can your budget handle increased expenses while we wait for inflation to come down? Cambridge's new budgeting and education portal is online, and you can use it for free. Create, adjust, and securely store your budget here: https://www.mymoney.cambridge-credit.org #CreditCards #FinancialLiteracy (fb)