Oregon State

CBS News

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  With inflation and interest rates high, many consumers are struggling financially. The burden can be particularly heavy for those carrying credit card debt. The average interest rate on credit cards now sits at over 21%, up from just 14% a few years ago. The result is steadily rising balances and minimum payments that can often feel out of reach.Fortunately, there are options for tackling that debt effectively — and without hurting your credit score in the process. We asked...

These 2 debt relief options won't hurt your credit, according to experts

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  Credit card debt has become a major issue in the United States. As of Q1 2024, Americans held a total credit card balance of $1.1 trillion, according to the Federal Reserve Bank of New York. And, the latest Quarterly Report on Household Debt and Credit from the New York Fed shows that there has been an uptick in serious payment delinquencies and maxed-out credit cards nationwide, showcasing the negative impact high credit card debt is having on people's finances.High amounts of...

5 ways to get rid of credit card debt without a new loan

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  Between average credit card interest rates hovering near 22% — and the relentless pressure of compounding interest — many cardholders are watching their balances grow at an alarming rate right now. Add to this the burden that inflation and other economic stressors are causing and it's easy to see how credit card debt can quickly spiral out of control.Carrying high amounts of credit card debt can have far-reaching consequences, though. It can damage your credit score, making it difficult...

4 best ways to qualify for credit card debt forgiveness

If you’ve recently graduated — or are about to — it’s time to start coming up with a strategy to pay off your student loans. There are multiple ways to pay back your education loans, whether they’re federal or private. However, it’s essential that you choose the right plan for your financial situation and take advantage of the resources available if you can’t make a payment.

How to pay off student loans — and what to do if you can’t make your payments

Having an 800 or higher credit score can bring huge benefits. You're more likely to get approved for the best credit cards and loans with favorable terms. You'll also have other perks, like an easier time finding a place to rent and insurance policies with lower monthly premiums. Below, we'll...

How to Get an 800 Credit Score

If you missed the June 30 student loan consolidation deadline, you might be wondering if there’s anything you can do now to apply for the one-time benefit. While there’s a chance you may be able to sneak a loan consolidation in within the next few days, Mark Kantrowitz, a financial aid expert and CNET Expert Review Board member, says it’s likely that you’ve missed the deadline.

Missed the Student Loan Forgiveness Deadline? Here Are Your Options

Have you ever wondered what happens to old debts that seem to vanish into thin air, only to resurface when you least expect it? Understanding the statute of limitations on debts can feel like deciphering a cryptic code that varies by state and the type of debt you have. It’s a crucial piece of the puzzle for managing your financial health, especially if you’re exploring options like a debt relief program to clean up your financial slate. So, let’s break down this somewhat misunderstood legal framework and what it means for those lingering accounts on your credit report.

Debts and the Statute of Limitations

Your credit score has an enormous impact on almost every aspect of home buying. It can determine if you’re approved for a home loan, the mortgage rates you’ll pay and whether you’ll be able to borrow the amount you need for the house you want. This means...

How to Improve Your Credit Score to Buy a House

The Motley Fool

Making mortgage payments for 30 years can be stressful, but you may be able to pay your mortgage off sooner. Find out how one writer is doing exactly that.

I Took 3 Years Off My Mortgage With This Simple Move

A new federal overtime pay rule went into effect Monday, expanding the protections to and earnings potential for about 1 million salaried workers. U.S. government officials have said that the overtime expansion, one of the largest in recent history, means more workers will now be compensated for the extra hours they spend at work and away from their families. An estimated 4 million people will benefit from the changes to overtime pay once they’re fully in effect come 2025. Specifically, they'll now be entitled to one-and-a-half times pay for time they put in over the standard 40-hour week.

1 Million More Workers Just Became Eligible for Overtime Pay

Student loan borrowers have until June 30 to meet a deadline that could lead to quicker debt forgiveness. Here's what borrowers should know. Student loan borrowers have until the end of June to meet a deadline that could lead to quicker debt forgiveness. Some could even see their debt cleared...

Student loan forgiveness deadline is June 30. Here's what borrowers need to know

Business Insider

A new report from the CFPB found that student-loan companies engaged in "unfair and abusive acts" when assisting borrowers with repayment and relief.

Student-loan companies put up 'excessive barriers' and gave borrowers inaccurate information about debt relief, a federal consumer watchdog says

Money

When it comes to student debt forgiveness programs, borrowers with private student loans are almost always left out. Now, a new program might finally give them relief — if they can manage to apply. Amid pressure from Democratic lawmakers, student loan servicer Navient has begun quietly piloting a private...

Navient Is Quietly Forgiving Private Student Loans Amid Pressure From Lawmakers

Georgia State

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Douglas City, CA

Daily Coffee Press

This afternoon, Kentaiwon Durham, the Douglas City Commissioner of Ward 2, entered a guilty plea for wire fraud in the U.S. District Court for the Southern District of Georgia. Consequently, Durham is mandated to resign from his position as a city commissioner.

Georgia City Commissioner Pleads Guilty to Wire Fraud in $20K PPP Fraud Scheme

If you’re still paying off your student loans, you could qualify for one-time relief -- but you’ll need to act fast. The US Department of Education is conducting a one-time payment adjustment to retroactively give some borrowers credit toward loan forgiveness. However, to qualify for the full benefit, you may need to consolidate your loans through the federal government’s Direct Loan program. The previous deadline to consolidate was April 30, but the Biden-Harris Administration extended this deadline to June 30.

Should You Consolidate Your Student Loans Before the June 30 Deadline?

A creditworthy co-signer can help you get the top private student loans with favorable interest rates. But being a co-signer means taking on a lot of responsibility: You're on the hook for any debt the borrower can't pay off. As a co-signer on a loan, that debt shows up on your credit report and your credit score is influenced by what the borrower does.

Student loans with fastest co-signer release of July 2024

Service members are favorite targets for offers from credit issuers, and these can range from your run-of-the-mill credit card pre-approvals to predatory payday or car title loans. There are many reasons why these issuers may focus on military members, and some of their products might be damaging to service members’ long-term credit history.

What Every Military Member Should Know About Their Credit

California State

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Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

PYMNTS

The companies collecting Americans’ student loans, auto loans and medical payments have some work to do. That’s according to a report issued Tuesday (July 2) by the Consumer Financial Protection Bureau (CFPB), which found numerous failures in student and auto loan servicing, deceptive and abusive debt collection practices, and complaints centered on credit cards offered by dental and medical practices.

CFPB Finds Failures in Loan Collection and Medical Credit Cards

Biden forgave student loans for borrowers who went to schools accused of fraud. Private borrowers are struggling to get the same relief from Navient.

These student-loan borrowers qualify for debt cancellation through the government, but they're struggling to get the same relief on their private balances: 'I feel so defeated. I feel trapped.'

NewsBreak

Debt Settlement, Credit Repair Or Credit Counseling: Which One Is Right For You?

Getting out of debt can be overwhelming, and the multiple options to do so can make it even more daunting. Choosing between debt settlement, credit repair...

Debt Settlement, Credit Repair Or Credit Counseling: Which One Is Right For You?

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