The statute of limitations also plays a critical role. Each state sets time limits on how long a creditor can sue you for ...

Let's see if I get this right. If a big financial institution gets into trouble, the government is ready to step in and bail it out and make the little guy pay for it. But if the little guy gets into ...

Scammers use texts, calls, emails and letters to create a false sense of urgency about debt repayment. Always ask for detailed information about the debt and the debt collector’s contact details to ...

Vice President Harris and CFPB Director Chopra highlight potential boost in mortgage approvals and question debt collectors' methods. The Consumer Financial Protection Bureau (CFPB) has taken a firm ...

On October 29, 2021 — just 32 days prior to the November 30, 2021 effective date — the Consumer Financial Protection Bureau (CFPB) released new guidance regarding the debt validation notice ...

Getting calls from debt collectors can be unsettling, but if you encounter these red flags, chances are you're dealing with a ...

The Mint app has shut down as of Jan. 1, 2024. For alternatives, check out CNBC Select's ranking of the best budgeting apps. Few things are as nerve-wracking as a call from a debt collector. There are ...

Fake debt collection is one of many all-too-familiar text scams. However, sometimes scammers will use an existing business's name and information to fake legitimacy. Recently, consumers in the area ...

NORFOLK, Va. — Norfolk Commonwealth's Attorney Ramin Fatehi announced a change to how court debt will be collected, overall decreasing fees. Under current Virginia law, Commonwealth’s Attorneys are ...

The U.S. Department of Education is resuming wage garnishment for borrowers in default on their federal student loans, ...