Americans pay three times more in medical debt to collection agencies than they pay for credit card and bank debt combined, according to a study by NerdWallet Health. Collection & Credit Risk
Soaring student loan delinquencies and the aftershocks of the 2008 economic downturn have kept people in the Millennial generation from being able to buy their own home, Housing and Urban Development Secretary Julián Castro said during a recent speech. Collection & Credit Risk
Student loan debt totals a record $ 1.2 trillion but the rampant growth could slow as the strengthening economy reduces the number of new loans, Deputy Treasury Secretary Sarah Bloom Raskin said Monday. Collection & Credit Risk
A U.S. appellate court on Wednesday upheld a district court ruling that several defendants operated a scheme selling phony debt relief programs and mortgage assistance. Collection & Credit Risk
Consumers often come to us with complaints about problems with debt collection and related credit reporting issues. We forward their complaints to the companies and work to get a response from them. In Venida’s case, within weeks of submitting her complaints, she was able to get the inaccurate information on her credit reports removed. “Now [...]
Last year, the CFPB launched an initiative to enlist the support of public service employers to help their employees tackle their student debt. We also published a report, which estimated that approximately one-fourth of the labor force is working in a public service profession and potentially eligible for existing benefits to help them manage their [...]
The state of New York's court system announced new rules Tuesday designed to ban collecting debts that consumers already have paid off, did not incur or where the six-year statute of limitations has expired. Collection & Credit Risk
ACA International CEO Pat Morris issues a statement regarding the work being done in resolving medical accounts. Collection & Credit Risk
Being on the hook for a debt you don’t owe is not only stressful, but can be scary. If you don’t know where to turn, you might feel hopeless. We heard from William, who was receiving calls for a debt he didn’t owe. William tried to resolve the issue for over four years, seeing his [...]
Just a year away from graduating with $ 23,000 in student loans, Leah didn’t know how she was going to make her payments. They were a constant source of stress in her life; she would lie awake at night thinking about how she was going to pay off her student debt. She was worried about [...]
