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Phantom Debt Collectors Permanently Banned From Industry In FTC Settlement

December 15, 2021CreditBy toptierfinancial

A group of phantom debt collectors will be permanently banned from the debt collection industry and required to surrender the contents of numerous bank and investment accounts under the terms of a settlement with the Federal Trade Commission. The FTC’s complaint … Continue reading →

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Credit Unions in the West & East Welcome New Talent

December 14, 2021CreditBy toptierfinancial

Source: Shutterstock WEST The $4.8 billion, Richland, Wash.-based Gesa Credit Union promoted Keven Gray to EVP of member fulfillment. Gray brings more than 25 years of experience to his new role, in which he will oversee and provide strategic direction … Continue reading →

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Should You Use A Credit Card To Pay For Medical Bills?

December 13, 2021CreditBy toptierfinancial

There are many logistics to coordinate when you need medical care. Between finding the right doctor, arranging child care and taking time off from work, it might feel like recovery is the least of your concerns when it should be … Continue reading →

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Loans can become unwanted debt

December 13, 2021CreditBy toptierfinancial

Aldrien Peterson Photo Courtesy: Aldrien Peterson Debt accrued during college can have a significant impact on the future life of a student. Unfortunately, most students tend to take higher loans than their actual expenses while focusing on their studies. In … Continue reading →

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More than 30% of Americans have medical debt

December 13, 2021CreditBy toptierfinancial

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners. If you’ve ever dealt with … Continue reading →

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Medical Debt Crushes Black Americans As Hospitals Sue To Collect

December 12, 2021CreditBy toptierfinancial

Tango Walker estimates her family owes more than $28,000 in medical debt. Her five active kids often got banged up playing sports and needed minor surgery or physical therapy. She still owes money for an $1,800 custom knee brace her … Continue reading →

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Credit Card Debt Rose By $17 Billion In The Third Quarter

December 12, 2021CreditBy toptierfinancial

Photo (c) blackred – Getty Images After paying down credit card balances early in the COVID-19 pandemic, consumers are running up balances again. A report by the Federal Reserve Bank of New York’s Center for Microeconomic Data shows that total … Continue reading →

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Half of Americans Believe That Debt Won’t End at Retirement

December 12, 2021CreditBy toptierfinancial

A whopping 46% of Americans believe that they are going to retire in the red is the startling find of a recent survey from MagnifyMoney that could have long-term implications for fixed income needs. In retirement, monthly payments for various … Continue reading →

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California DFPI Seeks Comments on Modifications to Proposed Regulations Under Debt Collection Licensing Act

December 12, 2021CreditBy toptierfinancial

The commissioner of the California Department of Financial Protection and Innovation (DFPI) has issued modifications to the license application and procedures for applying for a debt collection license under the Debt Collection Licensing Act and is seeking comment on the … Continue reading →

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In the BNPL Future, Everyone is a Lender

December 11, 2021CreditBy toptierfinancial

<!– Ask a young person the last time they used cash, or even a physical credit card, to make a purchase and you’ll likely be surprised. In the last 18 months, digital payments have exploded in the United States, following … Continue reading →

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