Plain-language articles on credit reports, disputes, consumer rules and business credit. Educational only, not legal advice.
Here eight study findings, legislative and other actions regarding medical debt Becker’s has reported on since Sept. 28: 1. New Mexico hospital sued over alleged illegal debt collections Las Cruces, N.M.-based Mountain View Regional Medical Center is facing…
Financial and lending institutions use credit scores to determine how likely someone is to repay a loan. According to FICO, the average credit score in the…
The NFCC often receives readers questions asking us what they should do in their money situation. We pick some to share that others could be asking…
Thirty-five percent of American adults carry medical debt, according to HealthCare.com, but new state laws are aiming to limit how aggressively—or even whether—hospitals can collect that…
The findings focus on consumer relief tied to credit reporting agencies’ responses to complaints as well as medical debt. The Consumer Financial Protection Bureau, under…
Two of the defendants behind an alleged small business financing scheme, RAM Capital Funding, LLC and its owner Tzvi Reich, will be permanently banned from the…
The New York Fair Consumer Judgment Interest Act lowers the judgment rates in actions involving consumer debt, including unpaid debts, from 9% to 2%. ACA International…
In 2021, we became acquainted with the “second-chance consumer” who uses buy now, pay later (BNPL) alternative credit to build or rebuild FICO scores. Anther cohort…
FICO 10 and FICO 10 T are new credit scoring models developed by FICO that have the potential to change the credit industry in a major…
Hudson River Community Credit Union (HRCCU) recently donated $20,000 to support local youth centers in the Capital Region. Recipients included the Saratoga Regional YMCA, Corinth Branch…
Bring what you have learned to a free 20-minute review of your own file.