The Latest Debt & Finance Blog
Medical debt and the problems they cause credit reports, have long gone hand-in-hand. Consumers behind on payments to healthcare providers, especially those whose bills have been sold to collection agencies,…
The Biden and Trump administrations issued eight extensions on a forbearance program, but Congress passed a bill ensuring there will be no more pauses on student loan repayment, so borrowers…
Many financial advisers question the wisdom of getting big income tax refunds. But that’s a discussion for another day. If you’ve been getting federal refunds year after year, you’re probably…
The Supreme Court ruled June 29 that President Joe Biden did not have the authority to erase hundreds of billions of dollars in student loan debt, effectively ending the Biden…
As the Federal Reserve plays Whac-A-Mole with the American economy – ‘WE’RE IN A RECESSION! NO, WAIT, WE’RE NOT IN A RECESSION!’ – there is always the chance the mallet…
With a nod to Mark Twain, inflation has replaced the weather as the thing everyone talks about it, but nobody seems to do anything about it. Until now. Not that…
America has turned into a nation of quitters, though that’s not necessarily a bad thing. Spurred by the COVID pandemic, millions of people have joined “The Great Resignation” that’s happening…
Credit card use has increased as the nation continues to work its way out of the pandemic. According to the Federal Reserve Bank of New York, credit card bills rose…
The rules governing repayment of federal student loans contain so many nooks and crannies that it shouldn’t come as a surprise that you may have missed one created during the…
Is there a fourth stimulus check on the way? The success the federal government has had in helping Americans endure the economic disarray caused by the COVID-19 pandemic has prompted…
Sources:
- N.A. (2025, January 7) CFPB Finalizes Rule to Remove Medical Bills from Credit Reports. Retrieved from https://www.consumerfinance.gov/about-us/newsroom/cfpb-finalizes-rule-to-remove-medical-bills-from-credit-reports/
- N.A. (2025, January 7) FACT SHEET: Vice President Harris Announces Final Rule Removing Medical Debt from All Credit Reports. Retrieved from https://www.whitehouse.gov/briefing-room/statements-releases/2025/01/07/fact-sheet-vice-president-harris-announces-final-rule-removing-medical-debt-from-all-credit-reports/
- N.A. (2024, August 12) Comment from Equifax, Inc. Retrieved from https://www.regulations.gov/comment/CFPB-2024-0023-1009
- N.A. (2024, August 13) Comment from ACA International. Retrieved from https://www.regulations.gov/comment/CFPB-2024-0023-1023
- Bell, C. (2025, January 7) Consumer Financial Protection Bureau bans medical debt on credit reports. Retrieved from https://advocacy.consumerreports.org/press_release/consumer-financial-protection-bureau-bans-medical-debt-on-credit-reports/