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Americans With Credit-Card Debt Refuse To Cut Back On Travel

July 16, 2019CreditBy toptierfinancial

Most Americans saddled with credit-card debt aren’t willing to substantially cut back their travel expenses, a new survey finds. Seven of every 10 adults who have credit-card debt say they would be unwilling to reduce leisure travel expenses by 50%, … Continue reading →

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Can’t seem to increase your credit score? Here are 6 potential reasons why

July 15, 2019CreditBy toptierfinancial

Lyle Daly, The Motley Fool Published 7:00 a.m. ET July 14, 2019 | Updated 11:35 a.m. ET July 14, 2019 That three-digit number measures if you manage debt responsibly and is a key factor that determines whether you qualify for … Continue reading →

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US Consumer Debt Surges To Record Highs

July 15, 2019CreditBy toptierfinancial

America has a shocking new “savings and loan” crisis. Consumer debt is surging to record highs, fueled by rising mortgage debt, student loans and a binge on credit card use. And more Americans are flat-out broke, with no emergency savings. … Continue reading →

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There is no shortcut to debt relief — so don’t believe the hype

July 15, 2019CreditBy toptierfinancial

The bureau further said the company broke a second law — the Consumer Financial Protection Act — when it charged debtors without settling their debts. The agency alleged that Freedom charged fees — sometimes thousands of dollars — even when … Continue reading →

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Students Could Soon Have More Resources To Deal With Debt Collectors

July 14, 2019CreditBy toptierfinancial

BOSTON (WWLP) – A so-called ‘student loan bill of rights’ could give college students more support when it comes to paying off their debt. Longmeadow State Senator Eric Lesser filed the bill to establish a position within the attorney generals … Continue reading →

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FTC Stops Student Loan Debt Relief Scheme, Charges Operators With Misleading Consumers

July 14, 2019CreditBy toptierfinancial

Operators allegedly bilked consumers out of more than $23 million The Federal Trade Commission has stopped a student loan debt relief scheme, alleging it bilked more than $23 million from thousands of consumers with false claims that it would service … Continue reading →

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Circuit Judge Denies Consumer Chance To Enforce Her Debt Collection Rights

July 13, 2019CreditBy toptierfinancial

“Confirmed Judges, Confirmed Fears” is a blog series documenting the harmful impact of President Trump’s judges on Americans’ rights and liberties. Trump 7th Circuit judge Amy Coney Barrett wrote an opinion in Casillas v. Madison Ave. Associates Inc. ruling that … Continue reading →

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JPMorgan Chase credit card customers have a month to opt out of binding arbitration

July 13, 2019CreditBy toptierfinancial

Waring Abbott | Getty JPMorgan Chase is trying to make it harder for its credit card customers to sue the bank in court by requiring them to go into private arbitration to settle disputes. The opportunity for JPMorgan Chase credit … Continue reading →

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Betsy DeVos gets sued over student loan relief program

July 13, 2019CreditBy toptierfinancial

In 2007, Congress enacted the Public Service Loan Forgiveness Program. Signed into law by then President George W. Bush, the policy was intended to help public employees—teachers, nurses, police officers, firefighters, and more—manage their student debt in the face of … Continue reading →

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Study: Virginia has less student debt than most states

July 13, 2019CreditBy toptierfinancial

Students in Virginia are struggling less with post-graduation debt than in most other states, according to a study conducted by the financial website WalletHub. “Virginia is the 13th state with the least student debt,” WalletHub analyst Jill Gonzalez told The … Continue reading →

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