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
A record share of Americans are unable to pay off their monthly credit card bills, compounding money woes for U.S. residents grappling with affordability concerns, according to a recent analysis. Roughly 111 million people — 50% of Americans with a credit card and 40% of the U.S. adult population — carry credit card debt, according … Read more
If you’re living on disability income, a collection debt lawsuit could have an outsized impact on your finances. Getty Images/iStockphoto Between today’s high (and rising) borrowing costs, elevated unemployment and persistent financial pressure, a hefty number of borrowers are falling behind on their bills, and their credit card debt, in particular. Part of the issue … Read more
The Justice Department says it has shuttered four websites that were allegedly used by Iranian government-linked groups to post hacked information and threaten regime critics. The move comes amid fears that the U.S. and Israel’s war with Iran could expand into cyberattacks. A news agency linked to the Iranian Revolutionary Guards has threatened American tech … Read more
NEWYou can now listen to Fox News articles! Senate Minority Leader Chuck Schumer’s push to revive expired enhanced Obamacare tax credits by contrasting their cost with Pentagon spending is colliding with fresh scrutiny of the Affordable Care Act, as policy experts warn the program is riddled with improper enrollments, fraud vulnerabilities and rising taxpayer costs. … Read more