On December 7th, 2020, both the House and the Senate have approved new legislation intended to establish criminal penalties for those who knowingly access student loan information from the U.S. Department of Education (ED) information technology systems for “commercial advantage” or their own financial gain. Violators can be subject to fines, a prison stay of…
Everything has been going right for Tash Drujinin of late. A few months ago the 29-year-old landed a stable job in the financial services sector. When many thousands were being laid off with the pandemic, she was made permanent and the security meant she could finally pay off the $20,000 she owed in credit card…
By WHSV Newsroom | December 31, 2020 at 8:34 AM EST – Updated December 31 at 8:34 AM RICHMOND, Va. (WHSV/Office of Va. Attorney General Press Release) A new law from Attorney General Mark Herring and Delegate Hala Ayala will ensure that the $600 economic support payments help Virginians support themselves and their families during…
HOUSTON, Texas (KTRK) — If one of your New Year’s resolutions is to get your finances in order, you might consider debt consolidation. Many are struggling right now, so dealing with debt could very well be an issue for months to come. Debt consolidation is just that, a company you hire takes your debts and…
RICHMOND, Va. (WHSV/Office of Va. Attorney General Press Release) A new law from Attorney General Mark Herring and Delegate Hala Ayala will ensure that the $600 economic support payments help Virginians support themselves and their families during the pandemic rather than getting swept up by debt collectors and creditors, a press release from the attorney…
While a charge-off may sound like a solution to an unpaid debt, it indicates that your creditor determined that you are unlikely to repay a delinquent account. In turn, the creditor closed your account and reported a charge-off to the credit reporting agencies. As a result, a charge-off will appear on your credit report indicating…
Couple in debt counseling session Credit cards, student loans and other types of debt can be a hurdle to reaching your long-term financial goals. If managing your finances on your own is getting overwhelming, you might seek out a financial advisor for debt help. While financial advisors may be more often associated with things like…
The key to getting out of credit card debt is to act early, before it gets out of hand. Christmas often means big bills for many people. Whether its the supermarket shopping for a dinner for the whole family or presents for the kids, it all adds up. Last year, New Zealands combined credit card…
This information has been provided by MoneySmart.gov and Services Australia. Good Shepherd in collaboration with the Federal Government and NAB are offering Household Relief Loans Without Interest for those affected by the coronavirus pandemic along with a free COVID Hardship Support Hotline. Loans of up to $3,000 are available for rent, rates, body corporate fees…
Given the stakes both for students and the budget it is important for policymakers and the general public to understand the effects of different forgiveness options. Many economists have already pointed out that loan forgiveness would disproportionately help people on the upper end of the earning scale: Two scholars with the Brookings Institution, for instance,…