The end of the federal student loan payment pause is within sight. After a three-year moratorium, federal student loans will resume accruing interest on September 1, the Department of Education has confirmed. Payments will be due in October. Borrowers have had a rough timeline of when interest and payments would resume, but now there is…
Debt can be a major source of stress, especially if you have a lot of high-interest loans or pending credit card bills to repay. The results of managing several loans with various due dates could include missed payments, late fees, and rising interest rates. Consolidating debt is a common solution for those who are struggling…
Tucked into the U.S. debt ceiling and government spending legislation signed into law by President Joe Biden last week is a guarantee student loan borrowers will have to restart paying down their debt this fall with no chance for an extension on that payment freeze. Thats despite Bidens pledge to wipe away or reduce that…
The American Hospital Association points to two health insurance trends as drivers of increased medical debt. Those drivers are inadequate healthcare coverage and high-deductible health plans that “intentionally push more costs onto patients,” according to a June 12 news release. “While every hospital has a financial assistance policy to help those most in need, they…
Medical debt has reached epic proportions, impacting the financial security of more than 100 million Americans. According to the Consumer Financial Protection Bureau, about 111 million credit lines included medical debt in 2021, with a total debt balance of $88 billion nationwide. Now a new report from the Los Angeles County Department of Public Health…
San Antonio, Texas, headquartered Debt Redemption Texas Debt Relief helps Texans resolve overwhelming credit card and personal loan debt. Their Texas Debt Relief program is designed to settle debt in as little as 24 to 48 months with program payments that are often less than half compared to making combined minimum credit card payments. While…
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Debt advocates say the bill would have forced borrowers to pay retroactive payments on their student debt. President Joe Biden has vetoed a conservative-backed bill that would have repealed his plan to deliver up to $20,000 of relief to student debtors across the country. The bill would have nixed the plan (to provide up to…
WASHINGTONAmerican Federation of Teachers President Randi Weingarten issued the following statement after President Joe Biden vetoed the GOPs Congressional Review Act resolution that would have canceled student debt relief. The Biden administration has stepped up again, when so many others have failed, to help the millions of borrowers whove had their lives derailed by unsustainable…
Rick Walz | Guest columnist Promises of reduced debt, low-interest loans and magical fixes to your credit score that are arriving in the mailbox or email box are tempting but be aware of the difference and know which is the best solution to get out of debt. What is the difference between credit counseling, debt…