Plain-language articles on credit reports, disputes, consumer rules and business credit. Educational only, not legal advice.
Almost one-in-10 likely student loan borrowers on an income-based repayment plan have less than 28% of their monthly income left over to cover housing costs, disqualifying them for most mortgages. Half of renters and 39% of buyers delayed…
Maryland could become the latest state to have a medical debt collection bill on the books after SB 514 and HB 565 were approved 47-0 and…
The U.S. Court of Appeals for the Ninth Circuit recently reversed a trial court’s dismissal of allegations that the defendant violated the federal Fair Debt Collection…
On April 1, the U.S. Court of Appeals for the Fifth Circuit upheld a district court’s ruling in favor of defendant credit repair organizations (including a…
Congressman Darrell Issa, R-Calif., on proposed tax hike for infrastructure bill. When Covid-19 hit the economy, most debt collectors gave borrowers a break, cutting back on…
The Consumer Financial Protection Bureau and Federal Trade Commission will crack down on eviction practices they think violate laws like the Fair Debt Collection Practices Act and…
April 03 2021 05:00 pm Read more: creditandcollectionnews.com
Forbearances, an agreement to forestall collection activity against a delinquent account, give the consumer a short-term solution to suspend payments in a time of need. Mercator…
Two previous settlements involved nearly 500 former students SALEM, Ore. (KTVZ) — Oregon Attorney General Ellen Rosenblum filed an application Thursday with the U.S. Department of Education, asking…
The U.S. Supreme Court’s eventual ruling in a case involving TransUnion LLC credit reports could have implications for consumers’ ability to sue companies in class actions…
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