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A millennial paid off $23,000 of student loans in 5 years thanks to 3 simple moves

May 6, 2021CreditBy toptierfinancial

 Ashley Keimach. Photo courtesy of Anna Sinnaeve   Business Insider Ashley Keimach, 27, paid off her student loans, totaling $23,000, in half the expected time. She negotiated raises at work, and made extra payments each time she felt tempted to … Continue reading →

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Department of Financial Services investigating nursing home debt collection practices

May 6, 2021CreditBy toptierfinancial

How do nursing homes go about collecting money they are owed? That’s a question recently explored in a News10NBC investigative piece- targeting the ways facilities do that. Throughout the pandemic- they published a series of pieces on the suits against … Continue reading →

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Richard Cordray is Biden’s pick to oversee federal student loans

May 5, 2021CreditBy toptierfinancial

COLUMBUS, Ohio – President Joe Biden’s administration has picked Richard Cordray to oversee federal student loans. Cordray, who previously led the Consumer Financial Protection Bureau, will serve as the chief operating officer of Federal Student Aid, a key role managing a $1.5 trillion portfolio … Continue reading →

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The Elizabeth Warren ally just picked to oversee US student loans could help make her debt-cancelation dream come true

May 5, 2021CreditBy toptierfinancial

Sen. Elizabeth Warren (D-MA). Chip Somodevilla/Getty Images Former CFPB head Richard Cordray will lead the Federal Student Aid office, which oversees student debt. Elizabeth Warren helped create the CFPB and was key in nominating Cordray when she couldn’t helm the … Continue reading →

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1 In 4 Americans With Debt Are In Collections

May 5, 2021CreditBy toptierfinancial

Rachel Cruze, Personal Finance Expert with Ramsey Solutions, joins the Yahoo Finance Live panel to discuss a new survey shedding light on the state of personal finance for Americans during COVID-19. Video Transcript ZACK GUZMAN: As much as we talk … Continue reading →

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Richard Cordray to oversee America’s student loans

May 5, 2021CreditBy toptierfinancial

Richard Cordray, the former director of the Consumer Financial Protection Bureau, will oversee the federal government’s $1.5 trillion student loan portfolio, the Department of Education announced Monday. Cordray will become the chief operating officer of the Department’s Office of Federal … Continue reading →

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California keeps millions in child support while parents drown in debt

May 5, 2021CreditBy toptierfinancial

Half of Stacy Estes’ pay disappears every month before it hits his bank account. Each check is about $500 lighter than it should be, intercepted in the name of child support — which he wouldn’t have a problem with, if … Continue reading →

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Why Are Complaints About Credit Bureaus Soaring?

May 4, 2021CreditBy toptierfinancial

Something doesn’t add up. Consumer credit has held up remarkably well during the pandemic, and household debt has shrunk. Even among consumers who have lost jobs or sustained other economic harm during the recession, credit card balances have fallen. Yet … Continue reading →

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ACA Members Appointed to California’s New Debt Collection Advisory Committee

May 4, 2021CreditBy toptierfinancial

Several members of ACA International have been appointed to the California Department of Financial Protection and Innovation’s (DFPI) new debt collection advisory committee. The seven-member committee will provide critical feedback to the DFPI as it creates its debt collection licensing … Continue reading →

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Debt Collectors Would Be Barred From Taking COVID-19 Stimulus Money

May 4, 2021CreditBy toptierfinancial

Consumer groups are applauding a bill that is meant to keep debt collectors from garnishing the stimulus payments and other direct aid approved by the federal government to offset the financial strain created by the pandemic. The measure, given final … Continue reading →

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Recent Posts

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