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These Are the Consumers Getting Hit the Hardest by Credit Card Fees

December 10, 2019CreditBy toptierfinancial

The scoop on who’s paying credit card fees and how to avoid them Interest tends to be the biggest cost associated with credit card usage, but it’s far from the only one. Credit cards come with a myriad of charges, … Continue reading →

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Residents of these 5 states carry the biggest burden when it comes to credit card debt

December 9, 2019CreditBy toptierfinancial

The analysis by CreditCards.com found that New Mexico strains under the heftiest debt load in the country, while Massachusetts carries the lightest. Southern states take most of the top 10 spots for debt load, and only three Southern states, Delaware, … Continue reading →

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New Jersey Law Firm Dodges Class Certification In Debt Collection Lawsuit

December 8, 2019CreditBy toptierfinancial

U.S. District Judge Michael Shipp. Photo by Carmen Natale A federal judge has denied class certification in a Fair Debt Collection Practices Act lawsuit against law firm Zager Fuchs after finding the size of the putative class—26 people—failed to meet the … Continue reading →

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Investigate Debt Collection Policies Among Connecticut Hospitals

December 7, 2019CreditBy toptierfinancial

Morgan Haefner – Thursday, December 5th, 2019 Print  | Email Some hospitals in Connecticut are becoming more aggressive in their balance billing tactics, and their policies should be examined, according to an op-ed published by the editorial staff of the Stamford … Continue reading →

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Memphis Hospital CEOs Reassess Policies On Debt Collection After Patient Lawsuits Draw Scrutiny

December 7, 2019CreditBy toptierfinancial

Representing more than half of the hospitals in Shelby County, the CEOs of four local health care organizations convened at the University of Memphis Tuesday for a panel on “successfully leading change” in the industry. The gathering took place amid a growing conversation … Continue reading →

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Debt Collector And Woman Sued Over Childhood Medical Bills Reach Settlement

December 7, 2019CreditBy toptierfinancial

INDIANAPOLIS (WTHR) – A federal lawsuit against a local debt collector who went after a woman for an unpaid childhood medical bill, is getting tossed out. 13 Investigates has learned of a settlement in the case. It means both the … Continue reading →

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Household Debt Continues Increase Since Recession A Decade Ago

December 6, 2019CreditBy toptierfinancial

Total U.S. household debt again surpassed the peak experienced in the third quarter of 2008 during the financial crisis, the Federal Reserve Bank of New York reports in its latest Quarterly Report on Household Debt and Credit. The total debt … Continue reading →

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U.S. Credit Card Losses For Top 100 Hit A 7-Yr Q3 High

December 6, 2019CreditBy toptierfinancial

Consumer credit card losses, or charge-offs, among the Top 100 U.S. banks, are continuing to rise to levels for a third-quarter not seen since early 2013. Meanwhile, delinquency, the precursor of charge-offs, is also hovering at seven-year highs. The trends … Continue reading →

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53% Of Americans Turned Down Due To Bad Credit

December 5, 2019CreditBy toptierfinancial

DALLAS, Nov. 14, 2019 /PRNewswire/ — More than half (53%) of all Americans have been rejected for a credit card, loan, or car due to poor credit, according to a survey conducted by YouGov plc on behalf of ScoreSense®. The study … Continue reading →

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Subzero Interest Rates Are Luring Insurers to Risk

December 5, 2019CreditBy toptierfinancial

MUNICH — It was a crisp fall morning, and Tom Wilson was contemplating the latest sign that the world of finance had turned upside down. Greece had just sold bonds with a negative interest rate. It was the most recent … Continue reading →

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Recent Posts

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