Navient, the nation’s largest student loan servicer, has touted that it wants to help American borrowers, but based on a recent filing, the company is warning that it isn’t acting in the interest of consumers. According to a report in Bloomberg News, Navient said, in a motion to...
The Department of Education warned in a legal filing last week that more than 550,000 people who signed up for a student loan forgiveness program in which their loans would be erased after ten years of public service, may no longer be valid. According to a report...
Anyone who’s ever been strapped for cash and looking for a small loan to tide them over until payday has likely turned to debt collection businesses. In response to a major debt collection scheme, the Federal Trade Commission (FTC) has shared it is officially mailing out...
There’s the saying that “money is the root of all evil.” One area where most people are likely to believe that’s true is when it comes to the topic of debt. It’s one of the major barriers that keeps people from achieving more in life....
The level of U.S. consumer debt logged in January, measured in the amount outstanding, posted its smallest advance in roughly five years, as credit card balances dropped. As reported by Bloomberg News, the Federal Reserve showed that the $8.8 billion net gain was the smallest...
