Struggling with bad credit can make it seem difficult to achieve your financial goals. After all, having a poor credit score can make it much harder to qualify for loans or refinance existing debt at a lower rate. Now that Donald Trump has been sworn into office as president, you may wonder how his administration’s policies could affect your current or future debts.
Depending on how Trump implements tariffs, it could influence how difficult it is for the Federal Reserve to lower interest rates. Plus, his Consumer Financial Protection Bureau (CFPB) hiring decision and the administration’s review of pending rules could impact whether medical debt is removed from credit reports. However, while policy changes can affect…
