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‘Buy now, pay later’ deals blamed for many of Scottish consumers’ debt problems

April 14, 2019CreditBy toptierfinancial

A large proportion of Scots who seek help for debt problems do so because they have taken out a “buy now, pay later” agreement, Citizens Advice Scotland has said. In a consultation document submitted to the Financial Conduct Authority (FCA) … Continue reading →

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Missouri Supreme Court Rules Courts Cannot Threaten More Jail Time For Failure To Pay Jail Debt

April 14, 2019CreditBy toptierfinancial

JEFFERSON CITY • The Missouri Supreme Court, in a unanimous decision issued Tuesday, ruled that courts cannot threaten defendants with additional jail time if a defendant fails to pay bills charged for any prior jail stays. Matthew G. Mueller, the public defender … Continue reading →

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9th Circuit Rules Administrator Vicariously Liable For Debt Collectors’ Alleged TCPA Violations

April 14, 2019CreditBy toptierfinancial

On March 22, the U.S. Court of Appeals for the 9th Circuit reversed a lower court’s decision to dismiss TCPA claims against a student loan administrator (defendant), finding that the administrator could be held vicariously liable for a contractor’s alleged … Continue reading →

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FCRA Violations Alleged Against Auto Dealership For “Hard” Credit Pull

April 10, 2019CreditBy toptierfinancial

A new Florida class action alleges that a car dealership misrepresented that it would make a “soft” credit inquiry, or pull, rather than a “hard” pull – and then made a hard pull. While the lawsuit alleges a straight-up misrepresentation … Continue reading →

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Payday Loans are Bad for Your Health, Study Says

April 10, 2019CreditBy toptierfinancial

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. SPRINGFIELD, Mo. – According to a recent study, payday and car title loans can make you sick. Literally. Just ask Patricia Reynolds and Barbara … Continue reading →

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More homebuyers misrepresent their income on mortgage applications

April 10, 2019CreditBy toptierfinancial

As the housing market becomes more competitive, homebuyers are increasingly pressured to seek out larger loans – leading some to misrepresent their income on loan applications. Data from First American Financial Corporation’s Loan Application Defect Index for February 2019 revealed … Continue reading →

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FEMA Data Breach Hits 2.3 Million Disaster Survivors: What to Do

April 10, 2019CreditBy toptierfinancial

The Federal Emergency Management Agency (FEMA) failed to safeguard sensitive personal information of 2.3 million disaster survivors who had to seek temporary housing after Hurricanes Harvey, Irma and Maria in 2017, and a series of California wildfires that same year, … Continue reading →

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Recent Posts

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