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
NEWYou can now listen to Fox News articles! Virginia’s Democratic Governor, Abigail Spanberger, took credit for billions in economic achievements secured under her GOP predecessor, earning her backlash from Republican leaders and their representatives running the state before she got there. Spanberger touted signing legislation that authorized four separate investments from the aerospace, energy, and … Read more
The JPMorgan CEO puts the mini-panic in financial markets in useful perspective. Source link
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
A record number of Americans are now carrying credit card debt that they can’t pay down, a new report finds. CBS News MoneyWatch reporter Megan Cerullo has more. Source link