Senators Ask CFPB to Investigate Medical Debt Reporting

Managing Debt

Senators Ask CFPB to Investigate Medical Debt Reporting

Senators Ask CFPB to Investigate Medical Debt Reporting

Four U.S. Senators recently sent Consumer Financial Protection Bureau director Richard Cordray a letter asking his agency to look into how medical debt is reported to the various credit bureaus. The Democratic lawmakers — Charles Schumer of New York, Jeff Merkley of Oregon, Sherrod Brown of Ohio and Robert Menendez of New Jersey — wrote… Read More

How to Negotiate Your Medical Bills

Personal Finance

How to Negotiate Your Medical Bills

How to Negotiate Your Medical Bills

Two years ago, Michelle received treatment at a hospital and racked up a $7,000 bill. Now the hospital is threatening that it wants to get paid — immediately — or it’s going to damage Michelle’s credit. “They told me today that I had to pay them $200.00 a month to keep out of collections,” a… Read More

Starbucks Adopts Mobile Payment System Square

Credit Cards

Starbucks Adopts Mobile Payment System Square

Starbucks Adopts Mobile Payment System Square

The nation’s most recognizable chain of coffee shops recently announced that it would begin accepting payments via mobile credit card readers to add to consumers’ convenience in making purchases. Starbucks recently revealed a new partnership with the mobile credit card reader and payment processing startup Square that will allow customers to pay for their coffee… Read More

Microloans: A Solution for Small Business?

Personal Finance

Microloans: A Solution for Small Business?

Microloans: A Solution for Small Business?

In recent months, many banks both large and small have continued broadening credit qualification standards for business loans, but nonetheless, owners might now be seeking new types of financing in greater numbers. The new trend of microloans is now hitting the U.S. after proving successful over a number of decades in many other parts of… Read More

Homebuyers: Interest Rates Could Get Even Lower

Mortgages

Homebuyers: Interest Rates Could Get Even Lower

Homebuyers: Interest Rates Could Get Even Lower

Since the beginning of the year, mortgage rates have routinely set new record lows, but some experts now believe that the current levels could be even lower. Interest rates on home loans have been below 4 percent for all but one week this year and only recently rose from the all-time record, but some experts… Read More

Can a Personal Loan Help With Student Debt?

Personal Loans

Can a Personal Loan Help With Student Debt?

Can a Personal Loan Help With Student Debt?

When consumers are struggling with significant amounts of outstanding balances as a result of loans they took out to finance their college education, they may encounter difficulties in paying them back. These days, the average college senior graduates with tens of thousands of dollars in student loans in their name, in addition to whatever credit… Read More

The Credit Card Rewards Guide for Back-to-School Shoppers

Credit Cards

The Credit Card Rewards Guide for Back-to-School Shoppers

The Credit Card Rewards Guide for Back-to-School Shoppers

As back-to-school shopping season rolls in, the credit cards are getting pulled out of parents’ wallets as they spring for all of the necessities. The National Retail Federation recently reported that families will increase their back-to-school spending significantly this year after cutting back last year. The average family with children in grades kindergarten through 12… Read More

Consumer Lending Continues to Thaw

Personal Finance

Consumer Lending Continues to Thaw

Consumer Lending Continues to Thaw

The way in which consumers were able to borrow on many lines of credit changed slightly, but mostly for the better, during the second quarter of this year. Improving credit quality and a slight uptick in demand for many kinds of financing led banks to broaden lending standards for consumer financing between April and June,… Read More

Credit Report Double Jeopardy Means Double Damage

Credit Score

Credit Report Double Jeopardy Means Double Damage

Credit Report Double Jeopardy Means Double Damage

It’s bad enough when you can’t pay a debt and you know that it’s going to damage your credit for years to come. But what about when a single debt multiplies, turning into two, three or even more negative items on your credit reports? “I see these ‘double jeopardy’ tradelines all the time,” says Michael… Read More

Show Me More