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  Credit card debt can be a significant financial burden, but it's one that many Americans are carrying. Not only does the average cardholder have nearly $8,000 in credit card debt currently, but the average rate on that card debt is close to 23% right now. And with rates that high (or higher), it's easy for any revolving credit card balance to become problematic over time.That's why it's so important to pay off what you owe on your credit cards...

3 ways your credit card debt can be forgiven

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  Credit card debt can be tough to tackle for those living paycheck to paycheck. After all, when you're living on a tight budget, every dollar counts. And, as cooling but persistent inflation continues to drive up the cost of everything from housing to groceries, tackling your substantial credit card balances in addition to your regular bills can feel impossible. Credit card interest rates are also hovering near record highs right now, which can cause your credit card debt to grow quickly....

How to get rid of credit card debt when living paycheck to paycheck

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  If you're drowning under the weight of your credit card debt, the idea of credit card debt forgiveness can feel like you've been thrown a life raft, especially in today's high-rate landscape. After all, these programs are designed to get you out of credit card debt by paying less than what you owe in full on your card balances — and could lead to 30% to 50% of your balance (or more) being forgiven. But while credit card debt forgiveness...

Who doesn't qualify for credit card debt forgiveness?

New-vehicle buyers are taking out loans averaging almost 70 months. Average new-vehicle APRs increased to 7.3% during the second quarter. Down payments for new vehicles have slightly decreased. A new study has revealed that many new vehicle buyers in the U.S. are being stretched to their financial limits, signing up...

Americans Drowning In New Car Debt, Loans Averaging 70 Months

Debt can often feel like an uphill battle, but there are ways to make that fight a little easier. Debt consolidation programs help you combine your debts so you can pay them off through manageable monthly payments. It makes payments simpler and potentially gets you a lower interest rate. This...

A Guide to Debt Consolidation Programs in 2024

With interest rates sitting at more than two-decade highs and inflation continuing to bear down on consumers, big banks are preparing to face more risks from their lending practices. Suggested Reading. In the second quarter, JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo all raised their provisions for credit...

Banks are bracing for consumers to stop paying off their credit cards

Wisconsin State

The US Sun

AMERICANS can get payments from a major interest rate settlement. Big Picture Loans, a private money lender, is paying out big bucks after allegations it charged excessive interest rates. The company is known for offering thousands in loans to people with bad credit and then charging high interest rates. Those high rates can make the […]

Americans can claim one-time payment from $65 million interest rate settlement – but it depends on which state you live

Business Insider

A court blocked the SAVE student-loan repayment plan. All 8 million impacted borrowers will be placed on forbearance.

8 million student-loan borrowers on Biden's new repayment plan don't have to make payments after a federal court blocked the program in full

The Associated Press

NEW YORK (AP) — The Consumer Financial Protection Bureau said Thursday that apps that allow workers to access their paychecks in advance, often for a fee, are providing loans and therefore subject to the Truth in Lending Act, a 1968 law that requires lenders disclose all loan costs and fees. If enacted, the proposed rule would provide clarity to a fast-growing industry known as Earned Wage Access, which has been compared to payday lending. The agency wants borrowers to be able to “easily compare products” and to prevent “race-to-the-bottom business practices,” CFPB Director Rohit Chopra said on a call with...

US agency says apps that let workers access paychecks before payday are providing loans

Polk County, FL

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Fort Meade, FL

Uncovering Florida

The Polk County Sheriff's Office has made an arrest after conducting an investigation into a case of credit card fraud involving 28-year-old Burger King employee, Kellyn Miley. The incident was discussed in detail during this morning's briefing with Sheriff Grady Judd.

Burger King Employee Caught Using Customer's Credit Card for Food at Former Job

GOBankingRates

If you're like most Americans, you have some type of debt, even if it's considered "good" debt like a home mortgage. In fact, according to the Federal Reserve's Survey of Consumer Finances, 77% of...

How Much More You’re Paying on Your Mortgage, Car Loan and More Compared To 5 Years Ago

After the 8th Circuit officially blocked Biden's SAVE student-loan repayment plan, the Justice Department asked the Supreme Court to step in.

Student-loan borrowers on Biden's new repayment plan are now waiting for the Supreme Court to decide whether cheaper payments and debt cancellation can resume

Camden, NJ

Cornelius, NC

Morristown Minute

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

No matter how savvy you may be with money, there are more than likely still some areas where you overly indulge yourself. Find Out: How I Went From Middle Class to Upper Middle Class Read Next: Warren...

I’m a Financial Advisor: 5 Things the Middle Class Wastes Money On

Colorado State

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

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NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

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A Dime Saved

Many people look forward to retirement, but many spend their retirement years living on a strict budget. Besides minimizing food costs through careful planning and waste reduction, what other frugal tips can you think of that can save money in your household?

I'm a Frugal Living Expert: 5 Ways I Recommend Retirees on a Budget To Save Money

The Motley Fool

CD rates today are very enticing. But read on to see why a savings account may be a much better home for your money.

3 Reasons to Choose a Savings Account Over a CD This August

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America’s leading digital marketplace bank, has released new data revealing a surprising lack of consumer awareness “regarding the true cost of their credit card debt in today’s high interest rate environment.”. LendingClub conducted a national survey of...

LendingClub Research Findings: Many US Consumers Unaware Federal Interest Rate Hikes Raised Credit Card APR by 5+ Percentage Points

FinanceBuzz

Watch out for red flags when you're investing. Here are 10 most common investing scams to watch out for.

Gold Scam May Have Cost Some Investors Their Entire Retirement Savings

NewsBreak

8 Effective Tips for Managing Wedding Loans Repayments

Wedding loans in the UK have become a popular option for couples looking to finance their dream wedding without compromising on their vision. However, managing the...

8 Effective Tips for Managing Wedding Loans Repayments

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