Proposed Law Could Help Millions Facing Medical Debt

Managing Debt

Proposed Law Could Help Millions Facing Medical Debt

Proposed Law Could Help Millions Facing Medical Debt

No matter which way you look at it, the current system for collecting small medical debts doesn’t work very well. From the consumer’s perspective, a late medical bill for as little as $15 can wind up costing thousands, even years after it’s paid, because it damages our credit scores, causing lenders to see us as… Read More

How to Effectively Deal With Problem Debt

Managing Debt

How to Effectively Deal With Problem Debt

How to Effectively Deal With Problem Debt

Debt is painful. There can be no doubt, besides maybe the loss of a loved one or the death of a friend, that facing bad debt can be a traumatic experience that a large number of people face in their life. I did. But the secrets to digging your way out of debt are logical… Read More

Pennsylvania Shuts Down Longstanding Foreclosure Help Program

Mortgages

Pennsylvania Shuts Down Longstanding Foreclosure Help Program

Pennsylvania Shuts Down Longstanding Foreclosure Help Program

The Pennsylvania Homeowner Emergency Mortgage Assistance Program, which had helped to keep 45,000 financially troubled consumers in their homes over the last 25 years, was shut down recently as a result of budget cuts, according to a report from the Philadelphia Inquirer. The state had spent $10 million to keep it afloat last year, but… Read More

The Debt Diet Challenge Week #3: Expect the Unexpected

Managing Debt

The Debt Diet Challenge Week #3: Expect the Unexpected

The Debt Diet Challenge Week #3: Expect the Unexpected

The Debt Diet is an online behavioral change program to help users get out of debt by putting aside $10 a day.  It was developed by Pro-Change Behavior Systems and Jean Chatzky, author of the best-selling Pay It Down and a coach on The Debt Diet series on the Oprah show. Jean Chatzky read the… Read More

The Debt Diet Challenge Week #3: Our Participants Weigh In

Managing Debt

The Debt Diet Challenge Week #3: Our Participants Weigh In

The Debt Diet Challenge Week #3: Our Participants Weigh In

This is our weekly installment of The Debt Diet Challenge, in which Credit.com follows the lives of five people selected to take Jean Chatzky’s Debt Diet—to get themselves out of debt and on track to a better financial future. Every week, Jean Chatzky updates us on the participants’ progress, and the participants blog about their… Read More

Financial News Roundup: Student Loan Changes, New Medical Debt Bill Proposed

Students

Financial News Roundup: Student Loan Changes, New Medical Debt Bill Proposed

Financial News Roundup: Student Loan Changes, New Medical Debt Bill Proposed

Today’s top news headlines feature changes that will be coming to student loans as a result of the debt ceiling agreement and reasons economists are concerned about key provisions in the debt discussion. Plus, medical debt may soon be erased from consumers’ credit reports under certain conditions. Debt Ceiling Agreement Brings Changes To Student Loans… Read More

Will Bureaucrats Prevent You From Buying a Home?

Mortgages

Will Bureaucrats Prevent You From Buying a Home?

Will Bureaucrats Prevent You From Buying a Home?

Is the federal government about to make it more difficult for you to get a mortgage? Many people think so. Everyone from consumer advocates and human rights activists to banking industry trade groups to 320 members of Congress fear that an obscure little rule called “QRM” could price millions of Americans right out of the… Read More

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