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Just 33% of Americans Checked Their Credit Reports in the Past Year, Down From Last Two Years

September 22, 2020CreditBy toptierfinancial

CompareCards Report Shows Cardholders are Taking Fewer Actions to Prevent Identity Theft Than They Were a Year Ago CHARLOTTE, N.C., Sept. 9, 2020 /PRNewswire/ — Despite an increase in credit card fraud attempts during the pandemic, only 33% of Americans … Continue reading →

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Latest financial study paints a rosy picture for consumer credit ]

September 9, 2020CreditBy toptierfinancial

At the height of the pandemic earlier this spring, unemployment and jobless claims soared. More than 33 million Americans claimed unemployment benefits by June 2020, according to the U.S. Department of Labor. And to this day, millions of jobs remain at … Continue reading →

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Homeowners need to move fast to beat new mortgage refinance fee, experts say

September 9, 2020CreditBy toptierfinancial

With record-low rates flooding the mortgage scene in recent months, you may have thought about refinancing your mortgage — one of these days. But homeowners need to move quickly if they want to beat a new mortgage refinance fee being … Continue reading →

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Credit card debt down more than 20% since COVID struck

September 8, 2020CreditBy toptierfinancial

Photo by Alejandro Escamilla on Unsplash Credit card debt fell by more than 3% in just one month, according to the latest Reserve Bank figures, and has fallen by more than 20% since March 2020. From June to July 2020, … Continue reading →

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Car Sales Are Down Almost 20%, but Prices Are Setting Records

September 8, 2020CreditBy toptierfinancial

Shoppers have gravitated to bigger vehicles, thanks to easy credit and cheap gas. Photo: David Zalubowski/Associated Press By Nora Naughton Close Nora Naughton Car shoppers hoping for Labor Day bargains may be in for a big surprise: This year, it … Continue reading →

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New York Attorney General Suspends Student Loan Payments For Another 30 Days

September 8, 2020CreditBy toptierfinancial

New York’s Attorney General Letitia James once again renewed the order to halt the state’s collection of medical and student debt on Saturday. It’s the sixth extension of its kind and will be in effect for another 30 days. After … Continue reading →

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Student Borrower Protection Bill On Verge Of Passage In California

September 7, 2020CreditBy toptierfinancial

The California Senate passed a bill Friday that would impose tough new standards on banks and certain other companies that service education loans. Supporters expect the legislation, which is known as the Student Borrower Bill of Rights, to be approved … Continue reading →

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New California Law On Debt Collections Begins

September 7, 2020CreditBy toptierfinancial

If you owe money, and especially if you’ve got debt collectors breathing down your neck, here’s some good news. A new California law takes effect Tuesday that prevents debt collectors from emptying your bank account. When SB 616 was approved … Continue reading →

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Credit card firms split on fate of consumers while U.S. cuts aid

September 7, 2020CreditBy toptierfinancial

A fissure is forming in the U.S. credit card industry: Are consumers about to go bankrupt or bounce back? On one side, risk management pioneer Capital One Financial is reining in credit lines to reduce its exposure. On the other, … Continue reading →

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Student Debt Continues To Rise For New Pharmacists

September 6, 2020CreditBy toptierfinancial

Only $5 for 5 months Getty Images Students in the class of 2020 finished pharmacy school with an average debt of $179,514, according to a July 2020 survey from the American Association of Colleges of Pharmacy. The average student debt … Continue reading →

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Recent Posts

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