Bloomberg A customer inserts a chip debit card into a credit card terminal at a Walmart Inc. location in Burbank, Calif. The numbers: Consumer borrowing growth weakened a bit in August, led by weaker credit card debt, according to Federal … Continue reading →
Read more: creditandcollectionnews.com
Education Secretary Betsy DeVos at a Cabinet meeting in July. (Alex Brandon/AP) Despite a court order barring the Education Department from collecting on the federal student loans of former Corinthian College students, the agency continued to pursue the debts. … Continue reading →
Read more: creditandcollectionnews.com
Image source: Getty Images What is good credit, anyway? There’s no one definition of “good” credit, as the answers can vary depending on who you ask. That said, the company behind the FICO® Score offers these good credit guidelines: DESCRIPTION … Continue reading →
Read more: creditandcollectionnews.com
If you want to know how today’s economy is doing, look no further than the consumer. Consumer spending makes up 68% of gross domestic product (“GDP”) in the U.S. That’s a bit hard to believe. Two-thirds of our economy is … Continue reading →
Read more: creditandcollectionnews.com
For several years now, New York courts have grappled with the issue of what constitutes revocation of the acceleration of mortgage debt. Because the Appellate Division of New York has four Departments that preside over different counties within the state, … Continue reading →
Read more: creditandcollectionnews.com
AMARILLO — If 69-year-old Lynda Sue Costley wants to shower, she has to go to a friend’s house. Her trailer, on a gravelly road outside Amarillo, hasn’t had running water since 2014 — when her husband died from cancer. She … Continue reading →
Read more: creditandcollectionnews.com
The CEO of Melaleuca pitched a proposal to put limits on medical debt collection to almost half of the Idaho Legislature Monday evening. “I can’t imagine very much objection to this, given every single family is affected by this one … Continue reading →
Read more: creditandcollectionnews.com
VIENNA, Va.–(BUSINESS WIRE)–Navy Federal Credit Union remains the industry leader for a second consecutive year, ranking No. 1 among U.S. companies in KPMG’s 2019 U.S. Customer Experience Excellence Report. The credit union is being recognized for delivering the best customer … Continue reading →
Read more: creditandcollectionnews.com
Americans now have nearly $900 billion in credit card debt. Here’s how we’re handling it. By the end of 2018, Americans owed nearly $900 billion on credit cards alone. To put that in perspective, just before the recession, credit card … Continue reading →
Read more: creditandcollectionnews.com
If you’re having trouble making your student loan payments, you need to read this. No fewer than 20% of student loan borrowers who took out loans to fund their education are behind on their payments, according to the Federal Reserve’s … Continue reading →
Read more: creditandcollectionnews.com
