PHOENIX (3 On Your Side) — The phone call was unexpected and it was threatening. “My mother-in-law, who is an elderly lady, called my husband and told him that the police were looking for him for an outstanding debt,” Nakyah … Continue reading →
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Covid Time has changed everyone’s life – and that includes college graduates who still have student loans! 89% of them are NOT making their Student Loans. Yes, right now, only 11% of government student loans are being repaid. Mark Kantrowitz … Continue reading →
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Signing a loan or insurance document with confusing fine print can have expensive financial repercussions, and during the COVID-19 pandemic, complaints to the state over predatory lenders, aggressive debt collectors, and high interest rates have increased by 40 percent. To … Continue reading →
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In our efforts to keep up with the Joneses (or just get by during this period of economic uncertainty, debt has become a normalized part of the American lifestyle. Borrowing money is often an important part of a long-term financial … Continue reading →
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A new “partnership” between an organisation representing more than 500 private schools and a debt collection agency could result in hard-up parents being “hounded” for unpaid fees during the Covid-19 pandemic. The Independent Schools Association (ISA) announced this week that … Continue reading →
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The Bank of England survey shows that lenders expect the net balance of default rates on unsecured lending to increase in Q4. They also expect default rates on mortgages, which were unchanged from July to September, to simultaneously increase in … Continue reading →
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Democrats have roundly criticized President Trump for making aggressive use of his executive authority and to be sure, the President has repeatedly tested the limits of his constitutional powers. Yet in one area, they are one-upping the President, pressing Joe … Continue reading →
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Written By ESR News Blog Editor Thomas Ahearn On September 24, 2020, a letter sent by a coalition of 21 consumer, faith, and advocacy groups to the Consumer Financial Protection Bureau (CFPB) urged the CFPB to revoke the permission they … Continue reading →
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CLEVELAND, Ohio (WOIO) – The state of Ohio holding alleged bad debt collectors accountable in a new lawsuit. © Provided by WOIO Cleveland The state attorney general is going after the Northeast Ohio debt collection company saying, “We want to … Continue reading →
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Cars line up at a COVID-19 test site at Dodger Stadium in Los Angeles. AFP/Getty Images Consumers struggling to keep up with their auto debts filed a record number of complaints with a key federal consumer watchdog agency in the … Continue reading →
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