Rebecca Stumpf

Rebecca Stumpf's first credit card had a $500 credit limit and came with a free t-shirt. Since then, she's traveled to 50+ countries using credit card points and miles. Before joining the staff at Credit Summit, she spent more than 20 years as an editor for The Dallas Morning News.

What is the Statute of Limitations on Debt? A State-by-State Guide

A statute of limitations on debt is the period of time a creditor or debt collector can take legal action against a borrower for to collect unpaid debts. Statute of limitations periods vary by state. Credit accounts that are past the statute of limitations on debt are known as time-barred debts. You’re still required to …

What is the Statute of Limitations on Debt? A State-by-State Guide Read More »

What’s the Average Cost of a Hospital Stay in the U.S.?

In 2021, healthcare spending in the United States increased 2.7% to $4.3 trillion, or an average of $12,914 per person. That’s a staggering amount when you consider that the average U.S. annual wage was $60,575.07 that same year. As high-deductible health care plans rise, more Americans are footing the bill for their care. This can …

What’s the Average Cost of a Hospital Stay in the U.S.? Read More »

Debt Settlement Fees: You Don’t Pay Until Your Debts are Settled

If you’re struggling to keep up with credit card payments, medical bills, payday loans and other unsecured debts, you may feel like you’re drowning. Debt settlement could be the answer. But how much are the fees for debt settlement? And will you have to pay anything upfront? Let’s take a look. Key points Debt Settlement …

Debt Settlement Fees: You Don’t Pay Until Your Debts are Settled Read More »

Debt Consolidation

Debt Consolidation: Here are the 12 Best Lenders & Companies

Debt consolidation rolls all of your loans into a single, more manageable plan — but it’s not a silver bullet. Here is everything you need to know to decide whether consolidating your debts is your best option. Disclaimer: Credit Summit may be affiliated with some of the companies mentioned in this article. Credit Summit may …

Debt Consolidation: Here are the 12 Best Lenders & Companies Read More »

How Credit Counseling Works: Will It Get You Out of Debt for Good?

Nonprofit credit counseling sounds like an ideal way to get out of debt. Asking a credit counselor to step in and take over your finances sounds easy and low-stress. But does it work? Using credit counseling for debt relief is more complicated than it seems. Will you be able to follow through and complete the …

How Credit Counseling Works: Will It Get You Out of Debt for Good? Read More »

Scroll to Top