The Biden administration’s recent rule to exclude medical debt from credit reports has sparked significant debate, with industry groups filing lawsuits to challenge the regulation. The Consumer Financial Protection Bureau (CFPB) finalized this rule to remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans, aiming to enhance […]
14
Jan
Jan
As of January 2025, the status of federal student loan forbearance is influenced by recent legal and administrative developments. The Biden administration’s Saving on a Valuable Education (SAVE) repayment plan, designed to provide relief to borrowers, has encountered legal challenges. These challenges have led to uncertainties regarding the continuation of forbearance periods and the resumption […]
02
Jan
Jan
Now that the new year is upon us, it is time to start on our resolutions for the year. My group of friends all discussed what we wanted to work on this year to better ourselves and the lives we live as we sat painting miniature figurines. A couple of us are looking to hit […]
03
Dec
Dec
Building Buying Power As the Spring months start peeking through, the home buying market is heating up! Have you been picturing the day when you can paint your own walls and mow your own grass? The dream of homeownership comes with great financial responsibility. Many first-time home buyers have questions about their down payment, and […]
06
Nov
Nov
Your Fix of the Mix We all know the importance of having a good credit score. With a high credit score, you can open to door to better interest rates, loans, benefits and more! Good credit can be the deciding factor in whether or not you get approved to rent a home or get a […]
29
Oct
Oct
Building Up Your FICO Understanding and building credit in a positive way takes discipline and some education. Do you recall being taught in school, how to build your credit scores? Did your teachers let you know how big of a role credit would play in your life as you got older? Honestly, it is probably […]
22
Oct
Oct
Debt Begins To Skyrocket Generation Z faces a mounting problem: credit card delinquencies are on the rise, fueled by maxed-out cards and financial inexperience. Born into a digital world of instant gratification, many young adults find themselves overspending, relying on credit to bridge the gap between income and expenses. This trend is exacerbated by a […]
30
Jul
Jul
In 2023 it was reported that over 30% of Americans have an account that has recently gone to collections and that the average debt per person is a little over $9,000. Normally, when you hear that an account has gone to collections, you expect phone calls from unknown numbers asking to settle a debt and […]
16
Jul
Jul
I remember sitting around a bonfire one cool autumn evening with a few close friends from high school. We had all gone our separate ways after graduation, some of us went to acquire our degrees immediately, others went off to the military and some went to trade schools to prepare themselves for an apprenticeship. As […]
02
Jul
Jul
The cost of bad credit can be very expensive. It can lead to higher interest rates on loans, higher insurance premiums, difficulty getting approved for housing, and difficulty getting approved for employment. The cost of bad credit can range from hundreds to thousands of dollars depending on the severity of the credit situation. The fastest […]