Mortgage lenders can now use a credit score called VantageScore 4.0 as part of their consideration for approval. That means mortgage lenders can consider rent and utility payments if that information is available. Those were not previously factored in. If you have previously received a bankruptcy discharge of your debt, paying your rent and utilities  … Read More

What is a consumer debt? Consumer debts are for things needed for personal, family of household purposes. Health care is a consumer debt. As the price of health care increases, the amount of people unable to afford their medical bills has gone up. A federal court blocked a rule that was designed to protect people  … Read More

Consumers are feeling the pinch of higher prices for food and cars. The price of new cars and trucks has increased more than 33% since 2020. The average monthly payment is now more than $750.00 per month. Consumers are borrowing more to cover car costs, and taking out longer loans. 100 month loans are no  … Read More

Student loan repayment enforcement will being garnishing pay checks in January, 2026. Student loan borrowers in default could see wages garnished starting January 7, 2026, according to the Department of Education. Borrowers will begin receiving notices informing them of their status. This ends a five year reprieve on student loan repayments. Tax refunds and other  … Read More