Debt collection itself is certainly legal, but it does have to happen in a specific way. Prior to 1978, there were instances of unfair collection tactics, and so the Fair Debt Collection Practices Act (FDCPA) was put into effect. The goal was to eliminate unfair...
Many companies start annoying collection activity as soon as you miss a single payment. In fact, you don't even have to fall a full month behind. They might start calling you the day after the payment's due date when it is still just a late payment and not yet a...
Nearly everyone takes on some kind of debt in their lives. Debt is often the easiest choice when you can’t pay off goods immediately and wish to pay them off at a later date or you wish to build up your credit score. However, debt can easily get out of hand without a...
https://www.ftc.gov/news-events/news/press-releases/2022/09/ftc-takes-action-stop-credit-karma-tricking-consumers-allegedly-false-pre-approved-credit-offers?utm_source=govdelivery Nearly One Third of Some “Pre-Approved” Offers Resulted in Denials; Company to Pay $3...
https://www.ed.gov/news/press-releases/biden-harris-administration-announces-final-student-loan-pause-extension-through-december-31-and-targeted-debt-cancellation-smooth-transition-repayment AUGUST 24, 2022 Contact: Press Office, (202) 401-1576, [email protected] Today,...
If you are like many other ambitious professionals, you probably feel like your financial circumstances are among the things in life that you can directly control. You determine how much you put on your credit cards and how much you pay toward the balance owed on...
https://studentaid.gov/announcements-events/idr-account-adjustment On April 19, 2022, the U.S. Department of Education (ED) announced several changes and updates that will bring borrowers closer to forgiveness under income-driven repayment (IDR) plans. These...
https://www.consumerfinance.gov/about-us/blog/ffelp-student-loan-borrowers-take-full-advantage-of-fixes-to-income-driven-repayment/ By Kate Mullan – MAY 25, 2022 Under income-driven repayment (IDR) plans, federal student loan borrowers can have the remaining balance...
The credit impact of a bankruptcy filing is a major deterrent for the average adult coping with more debt than they can handle. While people recognize that their financial circumstances are not sustainable and that eliminating some debt would be beneficial, they worry...
https://www.cnbc.com/2022/04/13/struggling-renters-can-still-apply-for-up-to-18-months-of-federal-aid-.html Billions of dollars in federal rental assistance is still available to struggling renters, though some states are running out of funds. As a result, tenants who...
