past-due debt Archives

Understanding the Effects of Missed Payments

Posted on September 7, 2018 by | Meghan Alard (7-minute read)

If you have credit cards, the impact of missed payments can be massive. Here’s what you can expect for budget and credit if you miss a credit card payment.

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Is There a Tie between Student Loans and Credit Health?

Posted on May 18, 2018 by | April Lewis-Parks (4-minute read)

Is there are correlation between student loans and credit health? A new FICO study suggests that although student loan borrowers don’t always have bad credit scores, having student loans may make overcoming financial challenges much harder.

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What States Can Revoke Professional Licenses for Defaulted Student Loans?

Posted on April 16, 2018 by | Meghan Alard (4-minute read)

A Texas teacher lost his dream job as a teacher after he defaulted, and Texas isn’t the only state that does this. We detail what states can revoke professional licenses for defaulted student loans.

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Dealing with Medical Debt Collections and Accident Liens

Posted on March 26, 2018 by | Meghan Alard (3-minute read)

If you took a trip to the emergency room after an accident, you might be surprised to learn you have a lien that gives the hospital a right to part of any claim you receive. It’s one way hospitals ensure they collect on your medical bills. We explain how to get out of medical debt collections.

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Are Student Loan Debt Problems Holding You Back?

Posted on March 5, 2018 by | Meghan Alard (5-minute read)

The new Federal Reserve Chairman Jerome Powell admits that student loan debt problems hold Americans back and could slow down economic growth. Learn how outstanding student loans can hurt your credit and what solutions you can use to fix your financial situation.

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Past Due Debt Payments at an All-Time High

Posted on March 2, 2018 by | Meghan Alard (3-minute read)

A new report finds that American consumers are breaking records with past due debt payments, while businesses are managing to keep up. If the economy is strong, then why are some many families facing collection accounts and credit damage?

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Who is Most Likely to Default on Student Loans?

Posted on January 12, 2018 by | Meghan Alard (3-minute read)

Student loan debt problems don’t affect all demographics equally. Learn who is most likely to default on student loans and what you can do if you’ve defaulted on student debt yourself.

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Revealing the Risk of Long Term Auto Loans

Posted on November 17, 2017 by | April Lewis-Parks (4-minute read)

A new CFPB report reveals the risk of long term auto loans, showing higher rates of default. We explain the debt management challenges these loans present.

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Don’t Get Caught by a Deficiency Judgment

Posted on July 10, 2017 by | Meghan Alard (3-minute read)

You might think repossession and foreclosure are the end of the trouble once you default, but you don’t get caught unaware by a deficiency judgment.

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How Do You Decide Which Debt to Pay First?

Posted on June 12, 2017 by | Meghan Alard (4-minute read)

A new study finds people will stop paying their mortgage before an auto loan or even personal loans. So, how should you decide which debt to pay first?

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Student Loan Default Now Even Worse for Your Finances

Posted on April 24, 2017 by | Meghan Alard (3-minute read)

The Department of Education just changed the rules on student loan late fees. Just one student loan default could cost you significantly more now.

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Delinquent Cars and Credit Cards

Posted on February 20, 2017 by | Meghan Alard (3-minute read)

A new report shows an increase in the number of delinquent auto loans and credit cards. We explain what delinquent debt is and how you can overcome it.

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Seniors’ Student Debt Burden

Posted on February 3, 2017 by | Meghan Alard (4-minute read)

A new report finds seniors’ student debt burden has more than doubled in the past decade. We explain what seniors can do to eliminate student debt.

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Feeling the Threat of Debt Collectors

Posted on January 16, 2017 by | Meghan Alard (4-minute read)

A new report finds one in four consumers felt threatened during a collection call. Here’s what you can do to avoid the threat of debt collectors.

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Bad Consumer Credit Delays Recovery

Posted on December 2, 2016 by | Meghan Alard (4-minute read)

Bad consumer credit caused by negative public records such as foreclosure actions issued during the Great Recession may still be holding people back.

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United We Stand in Debt

Posted on November 4, 2016 by | Meghan Alard (3-minute read)

A new infographic compares consumer debt levels in red and blue states, but the real conclusion is we all have too much debt, regardless of politics.

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Not Out of the Woods with Student Loan Debt

Posted on November 2, 2016 by | Meghan Alard (3-minute read)

The CFPB estimates that one in three rehabilitated student loan borrowers is at risk of re-defaulting on their student loan debt in the next 2 years.

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How Likely Are You to Default on Student Loan Debt?

Posted on October 13, 2016 by | Meghan Alard (3-minute read)

In some states, nearly one out of five borrowers who graduated during the 2012-2013 schoolyear have defaulted on their student loan debt payments.

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The Mortgage Lending Paradox

Posted on September 19, 2016 by | Meghan Alard (4-minute read)

As the mortgage default rate nears zero, some believe it’s a sign lending standards are too strict. Here’s what homebuyers can do to get approval.

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HELOC Domino Effect

Posted on September 16, 2016 by | Meghan Alard (4-minute read)

A study finds missed payments on a Home Equity Line of Credit (HELOC) often lead to other delinquencies with primary mortgages and credit card debt.

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The Carrot and Stick of Student Debt Repayment

Posted on August 8, 2016 by | Meghan Alard (6-minute read)

Collection practices for defaulted student loan debt won’t get any gentler, but customer service for repayment on current student loans may get better.

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Can You be Arrested for Debt?

Posted on March 14, 2016 by | Meghan Alard (6-minute read)

Debt collectors are finding ways around the FDCPA and issuing warrants for failure to comply with court orders over unpaid credit card debt. What can you do?

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