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Pa. Higher Ed Assistance Agency Not A “Debt Collector” Under Law, Court Rules

February 12, 2020CreditBy toptierfinancial

The United States Court of Appeals decided on Friday to uphold the dismissal of a complaint by Hope Darrisaw against the Pennsylvania Higher Education Assistance Agency. Darrisaw sued PHEAA under the Fair Debt Collection Practices Act after the agency tried … Continue reading →

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Justice Department charges 4 members of Chinese military for massive Equifax hack

February 12, 2020CreditBy toptierfinancial

Washington — The Department of Justice unveiled charges against four members of China’s military for allegedly hacking into the credit agency Equifax and stealing the personal information of millions of Americans in 2017. “This was one of the largest data … Continue reading →

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Hospital Debts Leading To Prison Sentences

February 12, 2020CreditBy toptierfinancial

Morgan Haefner – Monday, February 10th, 2020 Print  | Email A growing number of hospitals and debt collectors are using contempt of court laws to arrest and imprison patients with unpaid medical bills, according to Law360. More hospitals are using aggressive … Continue reading →

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Tennesseans still struggling with medical debt

February 11, 2020CreditBy toptierfinancial

NASHVILLE, Tenn. (WTVF) — Of all the ways Jimmy Glasscock imagined spending his retirement working was perhaps the last idea that came to mind. This 64-year-old was once a sales representative who began his golden years a while back and … Continue reading →

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Debt collecting firm Flemix fined for dodgy practice

February 11, 2020CreditBy toptierfinancial

Jeffery Haarhof, Bulelani Mehlomakhulu, Angelie Arrija and Lisinda Bailey are members of a group of consumers who successfully had their emolument attachment orders scrapped in the High Court. Archive photo: Masixole Feni Flemix & Associates, a firm of debt-collecting attorneys, … Continue reading →

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Delinquency Rates On The Decline

February 11, 2020CreditBy toptierfinancial

Credit and Collections Take a look at those agings reports – you should be seeing the number of past-dues going down. Small business delinquency rates have dropped across several key buckets in recent months. That’s according to a third quarter … Continue reading →

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Knowing the difference between a credit score and credit report

February 10, 2020CreditBy toptierfinancial

Joann Deal, from the Better Business Bureau, joined us to talk about the Marketing of Credit Scores. Joann Deal from the BBB of Monroe joined with Jessica discussing the differences between knowing your credit report and credit score. Source: (KNOE) … Continue reading →

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New Jersey Had The Highest Foreclosure Rates In The Country Last Year

February 10, 2020CreditBy toptierfinancial

(Credit: respres) New Jersey had the highest foreclosure rates of any state in the country last year, according to NorthJersey.com. The state’s housing foreclosure rates did drop from the year before, but they were still the highest in the U.S. … Continue reading →

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Can California’s Mini-CFPB Pick Up Slack Left By Federal Agency?

February 10, 2020CreditBy toptierfinancial

An effort by California to create a powerful state consumer protection bureau could have a significant impact on banks, debt collectors and other financial firms as Gov. Gavin Newsom seeks to fight against the Trump administration’s regulatory rollback. The new … Continue reading →

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Betsy DeVos’ approval rating is 28 percent as voters back investigations into student debt scandal

February 10, 2020CreditBy toptierfinancial

A majority of voters support congressional investigations into Secretary of Education Betsy DeVos’ handling of student debt programs, according to the results of a new poll, which exposes how deeply unpopular the Trump Cabinet member is across the country. DeVos has … Continue reading →

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Recent Posts

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