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More Families Could Face Debt Collectors Due to Inflation
California has strict rules that keep debt collectors from going too far when recovering money, reports NBC 7 and Telemundo 20’s Sergio Flores.
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Conservative Justices Question Biden's Debt Relief Plan, But Appear Skeptical of States' Standing
Biden’s best hope for being allowed to move forward with his plan appeared to be the possibility that the court would find that Republican-led states and individuals challenging the plan lacked the legal right to sue.
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How Agencies Are Changing Credit Score Calculations to Improve Access to Credit
A low credit score can hurt your ability to take out a loan, secure a good interest rate, or increase a credit card spending limit. Some reasons for a low score are out of your control — such as unexpected medical debt or a lack of credit history. But credit agencies are working to improve access to credit by giving...
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The US Has Reached Its Debt Limit. What Happens If It Isn't Raised?
The U.S. government reached the nation’s legal borrowing limit on Thursday, forcing the Treasury Department to resort to “extraordinary measures” to avoid a default.
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The US Is Hitting Its Debt Limit Today. What Happens If It Isn't Raised?
Economists say consequences of a default on the national debt could include higher interest rates, a stock market crash, a recession and massive job losses. NBC’s Alice Barr reports.
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Struggling With Credit Card Debt? Here's What You Should Do
Debt across the country hit a record $16 trillion this summer. People are buying more because of higher prices, and that means credit card debt is also going up.
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How to Pay Off Your Credit Card Debt
NBC 7’s Claudia Simones spoke to a financial expert for tips on how to get rid of debt as soon as possible.
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Biden Announces $1.5 Trillion Drop in National Deficit
President Joe Biden announced Wednesday that his administration is on track to reduce the national deficit by $1.5 trillion in 2022, allowing the feds to pay down the national debt for the first time in six years.
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Thousands May Have Student Debt That Should Be Erased, Feds Say
A new federal report finds that record-keeping failures by the Education Department may have left thousands of Americans stuck with student debt that should have been forgiven.
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What to Do If Student Loans Actually Restart in May
Despite signs that the pause on student loans will be extended again, no announcement has been made. Experts say borrowers should be prepared to start paying.
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1 in 5 Workers Runs Out of Money Before Payday, Survey Finds
As prices spike, workers are running out of money faster: Now, 1 in 5 say they can’t make it from paycheck to paycheck.
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Couples Who Pool Their Money Are More Likely to Stay Together, Research Finds
Whether or not couples keep joint accounts could make or break a relationship, according to research. Here’s why.
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Most Medical Debt Is Coming Off Credit Reports. Here's What to Do If Yours Doesn't
Equifax, Experian and TransUnion recently announced that starting July 1, they will remove nearly 70% of medical debt from credit reports.
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How to Stop Surprise Medical Bills and Helping With Debt
No one likes surprises, especially when it’s a medical bill totaling hundreds, even thousands of dollars. Unsuspecting consumers have complained about them for years, and now there’s a Federal law that should help.
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Taking These 5 Steps Can Help Bulk Up Your Emergency Savings
Having enough cash set aside to cover big unexpected expenses can feel unattainable. But you may find more money in your budget by making some adjustments.
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Here's the Average Tax Refund So Far This Year — and the 3 Best Places to Stash Yours
A tax refund offers a rare opportunity to build a safety net. Here are three ways to stretch the one-time payment.
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Higher-Education Expert Proposes New Way for Biden to Cancel Student Debt Without Congress
Higher-education expert Mark Kantrowitz argues federal student loans could be forgiven via regulatory changes set by the executive branch.
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Most Medical Debt Will Be Wiped From Consumer Credit Reports
A large number of U.S. consumers will have their medical debt wiped from their credit reports, the nation’s largest credit reporting agencies announced.
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She Lost Everything in a Fire. Then Her Bank Froze the Savings She Needed to Move on
Siraba Keita’s experience reflects a tension between banks, their customers and creditors looking to collect on old debts.
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How the Federal Reserve's Rate Hike Impacts Student Loan Borrowers
The Fed’s recent interest rate hike will likely cause private student loans to get pricier, and for some, now is a good time to think about refinancing.