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A $1 trillion US budget deficit is one big reason the Fed may have to cut rates

September 8, 2019CreditBy toptierfinancial

If low inflation, a wobbly economy and tariff jitters weren’t enough to push the Federal Reserve to lower interest rates, there’s also the simple reason of the swelling national debt. The recent debt deal struck between the White House and … Continue reading →

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Debt-Collection Company Bringing Fewer Jobs To Danville Than First Announced In December

September 8, 2019CreditBy toptierfinancial

Based on the announcements in December, the parking lot of the former Telvista building should’ve been a hive of activity by now. Instead, knee-high blades of grass now poke through the cracks in the asphalt along Cane Creek Boulevard. PRA Group, … Continue reading →

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Retail Credit Cards Delinquency Rates Are Rising

September 7, 2019CreditBy toptierfinancial

For the past two months, Becky Beach, an avid shopper with a low credit score, has found herself trapped in the “shop more, earn more points” game that retailers play. Beach, a 37-year-old stay-at-home mom, has been overdue on two … Continue reading →

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Fannie and Freddie Reform Plan Gets An Incomplete

September 7, 2019CreditBy toptierfinancial

The Trump administration is proposing reforms to the country’s mortgage-finance system. Photo: Steve Helber/Associated Press By Aaron Back Aaron Back The Wall Street Journal Biography @AaronBack [email protected] Sept. 5, 2019 6:08 pm ET America’s mortgage-finance system isn’t going to change … Continue reading →

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Some Michigan prisoners rack up tens of thousands in debt

September 7, 2019CreditBy toptierfinancial

  Paul Olden walked out of prison last year with $26,000 in debt. Without knowing it, for years he racked up child support payments while he was behind bars. Olden was shocked to learn of his debt in 2012, when his grandmother … Continue reading →

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Hundreds of credit union accounts compromised

September 6, 2019CreditBy toptierfinancial

(WBNG) — Hundreds of Sidney Federal Credit Union customers are asking for answers after a wave of fraudulent charges appeared on bank accounts over Labor Day weekend. The charges, stem from a single ATM at the SFCU Walton branch. According … Continue reading →

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Attorney General Phil Weiser Joins Multistate Lawsuit On Student Loan Debt

September 4, 2019CreditBy toptierfinancial

Attorney General Phil Weiser filed a “friend of the court” brief Tuesday, backing Pennsylvania in its efforts to sue student loan service giant Navient, alleging unfair and deceptive practices. Colorado becomes the 32nd jurisdiction to join in the amicus brief … Continue reading →

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U.S. Unveils Rules On Forgiving Student Loans After School Fraud

September 4, 2019CreditBy toptierfinancial

Education Secretary Betsy DeVos Photo: Alex Edelman/Bloomberg News By Josh Mitchell Josh Mitchell The Wall Street Journal Biography @JMitchellWSJ [email protected] Aug. 30, 2019 6:55 pm ET WASHINGTON—The Trump administration will resume canceling the student-debt obligations of Americans who prove that … Continue reading →

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Americans’ Debt Problems Compounded By Medical Expenses

September 4, 2019CreditBy toptierfinancial

As more Americans find themselves with unpaid medical bills, debt collectors are going great lengths, such as linked-in requests, to collect. About 43 million Americans have unpaid medical debt, typically from out-of-network doctors, hospital stays or ambulance rides. It only … Continue reading →

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Ireland is on the verge of a wave of home repossessions, mortgage debt expert warns

September 3, 2019CreditBy toptierfinancial

FOR years, David Hall has warned that a tsunami of home repossessions was imminent. The reason, the Irish Mortgage Holders boss insists, is because vulture funds are going to find it much easier to boot people in mortgage arrears out … Continue reading →

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Recent Posts

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