Recent News

Financial Help for Those Impacted by COVID-19

The federal government finally flexed its huge financial muscle, throwing a $2.2 trillion stimulus punch at the coronavirus in hopes it will ease some of the pain American consumers are – or will be – suffering in the fight against COVID-19. The stimulus bill, which was signed into law by President Trump March 27, provides […]

Read More
Fact or Fiction: Debt Relief in the Time of Coronavirus

Fact or Fiction: Debt Relief in the Time of Coronavirus

Truth, they say, is the first casualty of war. And on March 13, President Donald Trump put America on a war footing. We’re coming for you, coronavirus. Speaking from the White House Rose Garden and flanked by heavy hitters from Big Pharma and its retailers, Trump declared a national emergency. We’ll let medical science handle […]

Read More
Image of a new credit report

How the New FICO Credit Scoring System Will Affect You

The announcement that FICO will put two new credit scoring models – FICO 10 and FICO 10T – into play this summer is the ultimate good news/bad news situation for consumers. The good news is that if you have a score anywhere above 680 – and continue to make on-time payments and use 30% or […]

Read More
Chalkboard with graph of rising credit card rates

Why Credit Card APR’s Are Rising, Despite Fed’s Third Rate Cut of 2019

Typically, a decrease in the federal funds rate means your credit card APR should fall as well, but that’s not what is happening lately in the U.S. economy. Banks have backed themselves into a corner with an influx of cash-back and travel rewards credit cards, dishing out perks they can’t afford. Now, consumers are paying […]

Read More
Disabled veteran in a wheelchair

President Trump Signs Order to Erase Student Loan Debt for Disabled Veterans

Lawmakers, economists and activist all have made headlines debating solutions to the $1.6 trillion student debt crisis burdening the lives of 44 million Americans. Some plans go as far as to cancel every cent of student loan debt, while others recommend tilting relief in favor of low-income or less fortunate borrowers. In August of 2019, […]

Read More
U.S. consumer concerned about debt

Consumer Debt Grows as U.S. Economy Expands

Americans are taking on ever larger debt loads as they struggle to maintain living standards. They are borrowing more on their credit cards, taking on a soaring levels of student debt and signing more and more personal loans, all making the next recession even riskier for those already struggling to make payments. Housing prices and […]

Read More
Elizabeth Warren giving a speech

Democratic Presidential Candidates Plan to End Student Debt Crisis

It’s impossible not to notice that student loan debt has emerged as a big issue in the campaigns for the 2020 Democratic Party presidential nominations. Massachusetts Sen. Elizabeth Warren brought it to the forefront in the spring of 2019 when she proposed a plan to forgive a large portion of the more than $1.5 trillion […]

Read More
Military father holding his new born baby

NFCC Survey Shows Military Families Financial Struggles

The U.S. economy might be bustling for civilians, but not all active enlisted members of the military are thriving in it. More than one-third of enlisted military members do not pay their bills on time and about half say they had to get a second job to supplement their income. Those extraordinary findings came from […]

Read More
Older couple sitting with papers and considering bankruptcy

Retirees and Bankruptcy

People are supposed to relax when they retire, not worry about financial problems. Studies show that a lot of retirees turn to alcohol for debt relief, but there is a better way than booze:  Bankruptcy. The mere word makes a lot of people cringe, especially people over 65. They were raised in an era that […]

Read More
Credit report next to a laptop to freeze credit checks

New Law Allows Credit Freeze

Security breaches have become so commonplace in the United States that news around them barely causes a ripple these days. Even if it’s news that provides consumers an extra layer of protection and won’t cost them a dime. The Economic Growth, Regulatory Relief, and Consumer Protection Act – which allows consumers to freeze and unfreeze […]

Read More