Latest posts
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$150M Phantom Debt Collection Scam Halted by Regulators
Federal regulators just shut down a massive $150 million phantom debt collection scam. Consumers harassed by fake debt collectors using illegal threats must take immediate action to protect their financial accounts. Key Facts The FTC dismantled a massive network of fake debt collectors operating illegal boiler rooms. Scammers used stolen data to demand immediate payments…
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SAVE Plan Repayment Restart: 7 Million Borrowers Face a September Deadline
SAVE plan repayment is restarting for roughly 7 million federal borrowers. Court rulings ended the program, and forbearance is running out. Miss the deadline, and you could default into the most expensive plan. The SAVE plan is gone after legal challenges blocked it. Loan servicers began mailing notices on July 1, 2026. Each notice starts…
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FTC Halts $200M Credit Repair Scam: Action Guide
Federal regulators just shut down a massive FTC credit repair scam accused of stealing $200 million. Victims who paid illegal upfront fees must now secure their credit profiles and await court-ordered refunds. Key Facts The Federal Trade Commission completely froze the assets of a major credit repair operation. The network allegedly violated federal law by…
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2026 Social Security Work Limits: SSI & SSDI Changes
Header Menu: Consumer Rights | Credit & Debt The Social Security Administration has officially updated the 2026 Social Security work limits for beneficiaries. Earning over these strict program caps will trigger immediate benefit reductions. Key Facts Early retirees lose $1 for every $2 earned above the $24,480 threshold. SSDI recipients face a strict $1,690 monthly…
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Doxo FTC Settlement: New $2.1M Consumer Relief Update
Doxo FTC settlement terms would require the bill-payment company to pay $2.1 million for consumer redress. Refund eligibility and timing have not been announced. Key Facts The proposed order requires Doxo to pay $2.1 million for potential consumer redress. The FTC alleged misleading biller affiliations, unclear fees, and recurring subscription charges. No Doxo refund application…
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Medical Debt Banned From Credit Reports Under New CFPB Rule
Medical debt banned from credit reports marks a major shift by the Consumer Financial Protection Bureau. While this reform protects millions from sudden credit score drops, it does not cancel the underlying medical debts. Key Facts Credit file protection: Nationwide credit reporting agencies cannot include medical debt on consumer credit files. Underwriting changes: Lenders may…
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RentGrow Tenant Screening Settlement: What Renters
The RentGrow tenant screening settlement proposes a $2.25 million penalty over alleged reporting and dispute failures. The proposed order awaits court approval, and officials announced no consumer refund program. By Shailendra Singh Published: August 17, 2026 Key Facts The proposed settlement includes a $2.25 million civil penalty and new compliance requirements. The FTC alleges duplicate…
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Student Loan Auto Pay Discount Hits 1%: Sept. 30 Deadline
The student loan auto pay discount gives qualifying Direct Loan borrowers a one-percentage-point reduction through June 30, 2028. Existing qualifying users need no action; others must enroll by September 30, 2026, while private loans remain excluded. By Shailendra Singh Published: August 17, 2026 Key Facts The total auto-pay reduction rose from 0.25 to one percentage…
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Credit Card Debt Rises to $1.26T—but It Is Not a Record
New York Fed data show U.S. balances rose $21 billion in Q2, reaching $1.263 trillion. Interest-paying cardholders face a 22.15% average bank APR, but aggregate data cannot show individual hardship. Key Facts Balances rose $21 billion, but remained $14 billion below Q4 2025’s total. The annualized flow into serious delinquency was 6.97%, versus 6.93% one…