On news that student loan debt outpaced credit card debt for the very first time last year, it comes as welcome news Sallie Mae is lowering the interest rate cap on its student loans.
Entries from May 18th, 2011
Largest Private Student Loan Lender Lowers Interest Rates
May 18th, 2011 · No Comments · Student Loans
Tags: Credit card debt·debt·Federal Student Loans·Interest Rates·LIBOR·Private Student Loans·Sallie Mae·student loan debt·Student Loans
Collection Agency Trying to Get Me to Pay After I Already Settled
May 17th, 2011 · No Comments · Credit Bureaus and Scores, Debt Settlement
Q. After settling w/a collection agency in March of this year, I thought everything was fine. My credit reports were updated a month later showing that the debt was paid. Yesterday, I noticed that the credit bureau is re-reporting the debt as owing. I do have proof of the settlement: the settlement offer letter and [...]
Tags: collection agency·credit bureau·credit report·Debt Settlement·FCRA·FDCPA·reinsertion of information
House to Consider Legislation Limiting Consumer Protection
May 16th, 2011 · No Comments · Consumer Info
The urgency to defend the Consumer Financial Protection Bureau has been heightened by pending legislation that, if passed, will dilute its effectiveness at consumer protection.
Tags: CFPB·Consumer Financial Protection Bureau·consumer protection·Democrats·Financial Stability Oversight Council·House·House Financial Services Committee·Republicans·Senate
Banks Offer 5 Billion Dollars to Stop Foreclosure Investigations
May 13th, 2011 · No Comments · Mortgages
Banks are crying uncle under the weight of federal and state probes and offering up a 5 billion dollar settlement offer to stop the investigation of illegal foreclosure tactics. The same folks who spawned the creation of the term “robo-signers”, the banks are offering the settlement to avoid two dreaded outcomes: participation in a federally-mandated [...]
