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Student Loan Payment Pause Extended Through May 1

December 24, 2021CreditBy toptierfinancial

  article WASHINGTON, DC – DECEMBER 15: Activists call on President Biden to not resume student loan payments in February and to cancel student debt near The White House on December 15, 2021 in Washington, DC. (Photo by Paul Morigi/Getty … Continue reading →

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Credit Acceptance Settles Mississippi Lawsuit Over ‘Unfair And Deceptive Practices’

December 23, 2021CreditBy toptierfinancial

Southfield-based sub-prime auto lender Credit Acceptance Corp., a common target for litigation action by state attorneys general, has again moved to settle such a lawsuit. Credit Acceptance (NASDAQ: CACC) disclosed in a securities filing Monday evening that it had reached … Continue reading →

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Pennsylvania Exempts Canceled Student Loans From Taxes

December 21, 2021CreditBy toptierfinancial

HARRISBURG (AP) — Pennsylvania will no longer impose state income taxes on public sector workers and nurses who receive student loan forgiveness from two major programs, the Wolf administration announced Friday. The change impacts participants in the federal Public Service … Continue reading →

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Tyndall Federal Credit Union deposits $11 million into members’ accounts

December 21, 2021CreditBy toptierfinancial

PANAMA CITY, Fla. (WJHG/WECP) – The most wonderful time of the year just got a little more wonderful for Tyndall Federal Credit Union members Thursday. The not-for-profit credit union ran a campaign called “Grateful Means Giving.” This campaign deposited $11 … Continue reading →

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65% of Americans Have Made a Purchase with a Credit Card in the Last 12 Months

December 20, 2021CreditBy toptierfinancial

Credit cards are the gold standard for payments in America. Sixty-five percent of the U.S. population — 168 million adults — have made a purchase using a credit card in the last 12 months, according to The Convenience Catalyst, a … Continue reading →

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American Express Expands Partnership with Nova Credit to Help Extend Credit to More Newcomers to the U.S.

December 20, 2021CreditBy toptierfinancial

SAN FRANCISCO, December 07, 2021–(BUSINESS WIRE)–American Express (NYSE: AXP) announced today, in partnership with Nova Credit, that it has expanded credit access to people from Brazil, Dominican Republic, Kenya and Nigeria who have moved to the United States. The growth … Continue reading →

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California Debt Collection Licenses Due By End Of Year

December 20, 2021CreditBy toptierfinancial

ACA’s licensing team has resources to help with the state’s new licensing application required for collectors before the end of the year. 12/07/2021 1:15 PM 2 minute read California became the latest state to require debt collection licenses this year … Continue reading →

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Almost 100,000 Americans fell victim to credit card fraud

December 20, 2021CreditBy toptierfinancial

A new report has revealed that about 97,000 Americans fell victim to credit card fraud in the third quarter of 2021. “Data reveals that 97 thousand Americans were the victims of credit card fraud in 2021 Q3,” a report by Atlas … Continue reading →

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Student Loan Payments Restart Soon: What You Need To Do Now

December 19, 2021CreditBy toptierfinancial

Thanks to emergency relief measures passed during the Covid-19 pandemic, most borrowers have been able to skip payments on federal student loans since March of 2020. In the meantime, interest rates have been set at 0%, making it easier for … Continue reading →

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Using Debt Verification And Debt Validation Letters To Respond To Collectors

December 19, 2021CreditBy toptierfinancial

Say you are sitting around on a Sunday evening, getting ready to watch a professional football game on television, when the phone rings. It’s a debt collector, calling to demand payment of a debt you don’t recall owing. What do … Continue reading →

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