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Tag Archives: Debt

Many Students Struggling to Afford Housing

It’s a well known fact: college students are broke. With skyrocketing tuition costs and loans in the tens of thousands, finding adequate housing can be near impossible for many college students, and some may find it increasingly difficult to pay for housing.

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Average Mortgage Debt on the Rise

The consumer credit market showed an overall strong performance at the end of 2017, according to the Q4 Industry Insights Report published by TransUnion on Tuesday. According to ...

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Adept at Debt

debts

When it comes to balancing mortgage obligations with credit card debt and college loans, Michiganders are doing a bang-up job, so says a new study by Credible of ...

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Household Debt at Record Levels

Household debt has surpassed recession levels, according to the New York Federal Reserve. Mortgage debt proved to be the highest increasing debt factor, going up went up by $147 billion quarterly and $258 billion annually. Total mortgage debt as of Q1 2017 was $8.63 trillion.

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Supreme Court Protects Collectors of Stale Debt

Debt collectors that knowingly pursue stale debt in bankruptcy proceedings do not run the risk of facing potential consumer protection lawsuits, accoridng to a Supreme Court ruling. The ruling came after the high court voted 5-3 to overturn an Eleventh Circuit decision which had found Midland Funding LLC, a purchaser of unpaid debt, potentially liable under the Fair Debt Collection Practices Act.

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