Nexa Collect
JUNE 26, 2023
This makes it difficult for individuals and families to keep up with expenses such as housing, healthcare, and education. Healthcare Costs : The United States is known for its expensive healthcare system. Educational Expenses : The cost of higher education in the US is among the highest in the world.
Collection Industry News
SEPTEMBER 28, 2021
Student loan debt for older adults, their children, and their grandchildren has been rising for decades. The median debt amount for Americans older than age 50 was three times more in 2016 than it had been in 1989, especially for home, credit card, and student loan debt. Source: site. Those days are over. percent in 2019 versus 2.9
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Burr Forman
DECEMBER 10, 2020
Prior to COVID-19, most healthcare providers were benefiting from a strong economy, low unemployment and increased patient insurance coverage thanks to the Affordable Care Act (but unfortunately not Alabama, which continues to refuse to expand Medicaid). Reprinted with permission from the Birmingham Medical News. A total of 3.8
True Accord
JULY 13, 2023
The ending of various pandemic-era benefits including the pause on student loan payments will impact consumers in the coming months. Key Indicators and the Student Loan Predicament According to the New York Fed’s Quarterly Report on Household Debt and Credit , total household debt increased in the first quarter of 2023 by $148 billion (.9%)
Troutman Sanders
OCTOBER 19, 2021
Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. On October 4, the CFPB announced that the deadline to request initial forbearance for loans backed by the U.S.
Fico Collections
DECEMBER 5, 2022
Given our survey indicates strong customer preferences for ease of use, customer education must take a front seat in the customer experience to provide familiarity to customers in any channel. When considering the liability involved in loans and aspects of the transaction that cannot be digitalized easily, it also makes sense.
Credit Corp
JUNE 26, 2020
You might also qualify for Medicaid health benefits , Social Security benefits , or local and private assistance with education, child care or other necessary costs. As a self-employed individual, you might also qualify for financial tools such as small-business loans or grants through the Self-Employment Assistance Program.
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