It’s been more than 10 years since the Great Recession slammed Americans, and some people’s credit scores are doing better than others. For all age groups, the average 2018 score was 680, still five points down from the 2008 average. … Continue reading →
Read more: creditandcollectionnews.com
At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own. If you’re … Continue reading →
Read more: creditandcollectionnews.com
China’s UnionPay, the world’s largest card issuer, will offer debit and credit cards for the first time in Europe, while the China-controlled giant continues to expand internationally to handle Mastercard and Visa cards. UnionPay, which has generated more than 6 … Continue reading →
Read more: creditandcollectionnews.com
For many years, education policy experts whom I respect have argued in favor of making colleges have some “skin in the game” with regard to student loans. That is, they should have to bear at least some of the loss … Continue reading →
Read more: creditandcollectionnews.com
Alliance Data Systems Corporation ‘s ADS card services business has inked a deal with the U.S. Retail segment of Carter’s, Inc. CRI to provide credit card services to the latter. The agreement with Alliance Data will make Carter’s credit application … Continue reading →
Read more: creditandcollectionnews.com
Legislation introduced by U.S. Sen. Jeff Merkley, R-Ore., on May 21 would amend the Fair Credit Reporting Act to require a one-year waiting period before medical debts are added to consumers’ credit reports. The Medical Debt Relief Act, introduced by … Continue reading →
Read more: creditandcollectionnews.com
U.S. Education Secretary Betsy DeVos Photo credit: Getty Images Photo by Mark Wilson/Getty Images U.S. Secretary of Education Betsy DeVos may sell your student loans. Here’s what you need to know and what it means. Potential Sale of Student Loans … Continue reading →
Read more: creditandcollectionnews.com
NEW YORK, May 21, 2019 /PRNewswire/ — S&P Dow Jones Indices and Experian released today data through April 2019 for the S&P/Experian Consumer Credit Default Indices. The indices represent a comprehensive measure of changes in consumer credit defaults and show that … Continue reading →
Read more: creditandcollectionnews.com
On May 21, the CFPB published its long-awaited proposed rule on debt collection practices (“Proposed Rule”) in large part to address application of the Fair Debt Collection Practices Act (“FDCPA”) to modern collection issues. The CFPB, however, should have called … Continue reading →
Read more: creditandcollectionnews.com
For the past four years, credit reporting has generated the most complaints in the Consumer Financial Protection Bureau’s complaint database. It makes up 43% of all grievances in the database, a jump from 23% in 2016, according to an analysis … Continue reading →
Read more: creditandcollectionnews.com
