Collection actions on defaulted loans were halted. So was negative credit reporting for eligible federal student loans, meaning the Education Department reported suspended payments to the major credit bureaus as if they were made on time. But the pandemic-related relief is scheduled to end on Sept. 30. Even if the forbearance is extended, heres what…
Senate Minority Leader Mitch McConnell attends a press conference at the U.S. Capitol on August 04, 2021 in Washington, D.C. | Kevin Dietsch/Getty Images Senate Minority Leader Mitch McConnell promised Thursday that Republicans will not support a debt ceiling hike, just as Democrats have signaled they plan to take a path that would require Republican…
Clean Water WASHINGTON, DC Today, Rep. Rashida Tlaib (D-MI) introduced the Maintaining Access to Essential Services Act, which would provide nearly $40 billion to help wipe away household water, power and broadband debt across the country. With the Delta variant prompting a new COVID surge, this relief is more urgent than ever to stop mounting…
“Many people have had to turn to various types of credit in order to keep their heads above water, and so have found themselves leaving lockdown with more debt to their name than when they entered it.” For some mortgage advisers, the obvious role for a second charge mortgage is to help their clients who…
Editorial Independence We want to help you make more informed decisions. Some links on this page clearly marked may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money. A home equity line of credit (HELOC) can be a credit nightmare or…
For those being chased by debt collectors, simple things like answering the phone, opening mail, or hearing a knock at the doorcan be overwhelming. Key points: There has been a change in the demographics of people seeking help with their debt Financial counsellor Kane Johnson who works for the Consumer Action Law Centre and the…
WASHINGTON DC – MAY 13: Angel C. Dye (left) celebrating the day with her best friend Renee Walter … [+] after The 2017 Howard University Commencement Ceremony in Washington, DC on May, 13, 2017. In 2016, Angel Dye was trying to pursue her Howard University education, but like scores of other students at the prominent,…
Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Find Out If You Qualify For Debt Relief Free, No-commitment Estimate Consumer credit counseling services are designed to help people get their debt under control. If youre having trouble…
The debt relief program would cover the USDA loans of an estimated 16,000 farmers and ranchers who have been identified as Black, Native American, Alaskan Native, Asian American, Pacific Islander, and Hispanic and Latino in the Farm Service Agencys records. | Michael M. Santiago/Getty Images A string of legal defeats for a groundbreaking program to…
PLANT CITY, Fla. Four billion dollars set aside by the U.S. Department of Agriculture for famers of color is tied up in a legal dispute, and farmers in Hillsborough County are left waiting for financial relief. The money was approved under the American Rescue Plan for struggling farmeres and ranchers, but a federal court in…