In April, the nationwide credit reporting companies – Equifax, Experian, and TransUnion – took action to remove medical collections already paid, under $500 or less than a year old from consumer credit reports. If you’re one of the millions of people with medical debt, here’s what you should know. PleaseContinue Reading
More than 6,500 consumers who were misled by false promises and paid fees to Burlington Financial Group will receive checks in the mail this month from the CFPB’s Civil Penalty Fund. Please follow and like us:
A commonly used interest rate index officially ends on June 30, 2023. If you have an adjustable-rate loan, you might receive a notice from your lender or servicer about switching to another index. Here’s what that means for you. Please follow and like us:
If you are on active duty (including an activated reservist) or a member of the National Guard, you can sign up for free electronic credit monitoring from all three major credit reporting companies to ensure your credit report is accurate and up to date. Please follow and like us:
Creditors can obtain civil judgments to seize assets and garnish wages for unpaid debts. New research show that civil judgments are 20 times more common in some states than others and are more common in areas with a higher percentage of Black residents. Civil judgments are twice as common asContinue Reading
Help is available for homeowners who took out second mortgages years ago, and believed their loans were either forgiven or modified into a single loan, and now are being targeted by debt collectors threatening foreclosure. Please follow and like us:
Credit cards are one of the most common financial products in our country, providing the bulk of short-term credit for families. Interest rates on credit cards have risen substantially, with average interest rates going over 20%. Given the trends for the 175 million Americans with credit cards, the CFPB estimatesContinue Reading
This week, we filed a Statement of Interest to protect people from discriminatory targeting. Please follow and like us:
More than 78,000 consumers harmed by College Financial Advisory and Student Financial Resource Center will receive checks in the mail this month. Please follow and like us:
The CFPB is seeking public input on the full scope and breadth of data brokers and their business practice, including the impact on consumers’ daily lives, and whether they are all playing by the same rules. Please follow and like us:
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