Plain-language articles on credit reports, disputes, consumer rules and business credit. Educational only, not legal advice.
Credit reporting past-due medical debt is a common and effective step in the collection process. However, the practice includes some risk. Recent lawsuits and the Consumer Financial Protection Bureau’s proposed debt collection rules illustrate the challenges surrounding medical…
In the world of consumer credit, there are a number of Federal laws or “statutes” which help consumers in regards to their personal credit. Two such…
US regulators have opened a probe into the algorithm used to determine the credit worthiness of Apple Card applicants after a man took to Twitter to…
Federal Reserve Building in Washington, D.C. (Source: Shutterstock) The Federal Reserve’s FedNow service is desperately needed and should be implemented as soon as possible, credit union…
Australian politics The short-term, high-interest loans for amounts up to $2,000 can charge annual interest rates as high as 407% and lead to a debt spiral…
A group of consumer advocates are suing both the Department of Education and America’s consumer watchdog for allegedly siding with predatory student loan servicers over millions…
Eric Lomas’ work helping financially distressed farmers has been picking up. Farmers make up only a portion of the Wichita, Kansas-based bankruptcy attorney’s work. But demand…
More than 80,000 Americans have taken low-paying public service jobs in return for the federal government’s promise of student debt forgiveness. As required, they stayed at…
Some activists are stepping in to try to make the system more scrutable. Sheridan Aspinwall lives and works in Boston as a clinical research nurse at…
Personal loans are growing at an 11% annual clip, according to Experian, faster that student loan or credit card balances. Borrowers with excellent credit can achieve…
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