The Department of Revenue team created last year to recoup millions owed to R.I. has so far recovered $196K. It’s been slow going for Rhode Island’s new team of state debt collectors. The Central Collections Unit, created last year to … Continue reading →
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Let’s dive into some stats and charts from the New York Fed Third-Quarter Report on Household Debt and Credit. Key Points Aggregate household debt balances increased by $92 billion in the third quarter of 2019, a 0.7% increase, and now … Continue reading →
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On November 4, the Second Circuit Court of Appeals in Dow v. Frontline Asset Strategies affirmed the September 24, 2018 Order of the United States District Court for the Eastern District of New York, which granted defendant Frontline’s motion for … Continue reading →
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US households are now sitting on a record $14 trillion in mortgages, credit cards, student loans and other forms of debt. Household debt ticked up 0.7% during the third quarter, the New York Federal Reserve said on Wednesday, continuing a … Continue reading →
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The percentage of recent mortgage borrowers with subprime credit scores still resides in the single digits, but nearly doubled what is was in 2013, according to TransUnion. The share of home loans made in the second quarter to borrowers with … Continue reading →
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Minnesota is suing three Southern California-based companies that the state says defrauded student loan borrowers trying to access federal debt relief services. Attorney General Keith Ellison’s office joined the federal Consumer Financial Protection Bureau and other plaintiffs this week in … Continue reading →
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Subprime credit is a huge and costly problem, but you can fix it. We tend to think we’re done with grades once we leave school. But there’s one grade that follows you around for your entire life: your credit score. … Continue reading →
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Millions of borrowers are falling behind on their loans, and opening the door to some very unfavorable repercussions. Many people take out student loans for college, only to struggle to repay them after the fact. But falling behind on that … Continue reading →
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TORONTO — Canadians with old debts beware: a momentary slip or lack of knowledge of your legal rights could results in past debts rising from the dead and coming back to haunt you. Zombie debt — old accounts that may … Continue reading →
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The Credit Managers’ Index (CMI) from the National Association of Credit Management rebounded in October as credit managers reported better conditions in several factors across the board. However, the overall, combined improvement is not without its caveats. The combined CMI … Continue reading →
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