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Credit Corp
MARCH 21, 2023
According to the Federal Reserve’s Consumer Credit report, 43.5 Not only can you not declare bankruptcy on many forms of student loan debt, but it can also harm your credit. Department of Education shows how many Americans have debt by federal loan type. At the end of 2022, the Federal Reserve reported that roughly 43.5
Troutman Sanders
OCTOBER 16, 2023
On October 11, the Federal Trade Commission (FTC) announced a new proposed rule to prohibit junk fees, which are hidden and bogus fees that can harm consumers and undercut honest businesses. The FTC has estimated that these fees can cost consumers tens of billions of dollars per year in unexpected costs.
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Credit Corp
OCTOBER 6, 2023
Here are the standout findings of various debt statistics: The average American household has over $9,000 in credit card debt. WalletHub ) Mississippi has the least credit card debt at $5,259 per person. Credit Karma ) Alaska has the most credit card debt on average at $8,139.
Credit Corp
FEBRUARY 21, 2023
This will not only help you compare your own credit card balance to the national average, but you’ll also see if you’re getting a good deal with your current cards. How many credit cards carry a balance? As you’ll see, higher-income individuals have much more credit card debt than those who make much less.
Troutman Sanders
AUGUST 16, 2022
Federal Activities: On August 12, VantageScore announced that it completed an extensive analysis on how recent changes have impacted consumer credit score models to how medical collection accounts are reported, including changes brought by the COVID-19 pandemic. VantageScore decided to drop medical debt from its calculations.
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