Collection Agency Harasses 100-Year-Old Couple Over Cable Bill

A collection agency went after a couple of senior citizens for an overdue cable bill after they moved out of their house to a nursing home in February. Shortly after they moved into the nursing home, the 100-year-old Cranston, RI couple both contracted COVID-19. Their health went downhill quickly, according to television station WJAR. The […]

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Mortgage Rates are Low, But Loans are Harder to Get

Mortgage companies have tightened their rules for loan approvals, and consumers are facing some of the toughest standards for getting a loan in years. Bloomberg reports that many lenders have raised their credit score and down payment requirements even as interest rates continue at record lows. Some types of loans are no longer available, and […]

Cordray: Debt Collectors May Become More Aggressive During Pandemic

A leading consumer advocate is raising concerns that debt collectors may become much more aggressive during the COVID-19 pandemic. Richard Cordray, former director of the Consumer Financial Protection Bureau and author of “Watchdog: How Protecting Consumers Can Save Our Families, Our Economy, and Our Democracy”, said in an interview with CNBC that the CARES Act […]

Texas Supreme Court Allows Evictions to Resume

A ruling by the Texas Supreme Court will allow evictions and debt collection efforts to resume this week despite the ongoing COVID-19 pandemic. Eviction hearings have already resumed, and eviction orders can be issued beginning May 26, according to a report from television station KTRK. However, some tenants who are covered by the federal Coronavirus […]

Check Your Credit Card Limit, It May Have Been Cut

If you’re running up your credit card to get through the COVID-19 health crisis, you may be in for a rude awakening. Your credit limit may have been cut in the last 30 days without any notification to you. Comparecards reports that the situation may have touched as many as one in four Americans. Some […]