Many credit unions across the nation are choosing to outsource their collections departments.
A new survey found that the majority of people who moved to a different city did not change their financial institution.
The most recent U.S. Foreclosure Market Report shows foreclosure actions, including notices, scheduled auctions and bank repossessions, rose between June and July by 2 percent, RealtyTrac reported.
A new report by the Urban Institute, in collaboration with the Consumer Credit Research Institute, stated more than 35 percent of Americans with credit have some debt in collections.
The misconception about bankruptcy is that it's a quick fix for finances.
Student loan debt has been a discussion point among policymakers recently, as both legislators and borrowers push for loan reform.
The U.S. Consumer Financial Protection Bureau is investigating payday lenders again, focusing on their practice of connecting wage-earning Americans in need of cash with loan opportunities.
The debates rage on, in a variety of forms, regarding the level of regulation that should be imposed by the U.S. Consumer Financial Protection Bureau.
The U.S. Consumer Financial Protection Bureau will begin monitoring a wider range of student loan servicers in early 2014.
While there are still long-term repercussions that need to be weighed, filing for personal bankruptcy no longer carries the social stigma or the unflinching consequences that it once did.