President Donald Trump’s “gold card” visa, where a foreigner can shell out at least $1 million to legally live and work in the U.S., has been approved for one person, said Commerce Secretary Howard Lutnick Thursday — appearing to fall a bit short of an earlier claim. After it launched in December, Lutnick said that … Read more
The Trump administration has approved one “gold card” visa since starting to accept applications for the new U.S. residency permit in December, Commerce Secretary Howard Lutnick said on Thursday. Lutnick, who offered the update while testifying at a House subcommittee hearing, said that the process for applying for the gold card visa was recently finalized … Read more
Carrying $20,000 in credit card debt is not ideal, but it’s a manageable problem with the right consolidation tool. Peter Dazeley/Getty Images Credit card balances have become one of the most persistent financial pressures borrowers face in today’s economic landscape. Not only is credit card debt rising rapidly nationwide, but average credit card interest rates … Read more
Wage garnishment can affect your eligibility for certain debt relief options, but not in the way some borrowers may assume. Hanizam/Getty Images If you find yourself increasingly worried about your personal financial health now, it’s easy to see why. Inflation in March surged to its highest level in years, and a frozen Federal funds rate … Read more
While it may seem impossible to negotiate debt with no money, there are scenarios where it can happen. Getty Images/iStockphoto Rising credit card and household debt balances, coupled with persistently high short-term borrowing rates, have left many borrowers stuck in a difficult position this year. With average credit card APRs still hovering above 21% right … Read more
A former staffer for Rep. Marcy Kaptur, D-Ohio, pleaded guilty Tuesday to siphoning over $20,000 from her former boss’s bank account to pay her own credit card bills. Courtney Hruska, 40, admitted to committing felony wire fraud at a court hearing in Alexandria, Virginia. The charge carries a maximum sentence of 20 years in prison, … Read more
Understanding what happens if you’re behind on debt in retirement can make a difference in how the situation unfolds. Wing-wing/Getty Images A significant number of seniors are being forced to carry high-rate credit card debt into retirement, and in many cases, those balances aren’t particularly small, either. One driving factor is that household debt is … Read more
You may have more options than you expect for dealing with your unpaid debt while on Social Security. Ekaterina Vasileva-Bagler/Getty Images For millions of retirees, Social Security serves as a financial foundation and a predictable source of income. That stability is being tested in today’s tough economic landscape, though, as many older borrowers are facing … Read more
What being judgment-proof does and what it doesn’t do can have a major impact on your debt repayment approach. Hanizam/Getty Images Credit card debt has become a serious issue nationwide, with borrower totals now exceeding $1.28 trillion and delinquency rates climbing as borrowers struggle to keep up with their high-rate balances. As that unpaid debt … Read more
A sudden disability can have a big impact on your finances and make it tough to manage your debt. Getty Images/iStockphoto A sudden disability can reshape your finances faster than almost any other life event. One day, your income supports your routine expenses and monthly credit card payments; the next, you may be relying on … Read more