Here are strategies to manage, pay off your credit card debt in America
Inflation continues eating away at our take-home pay, and now a trip to the grocery store is becoming increasingly painful. Sadly, many of us are using credit cards to cope with the higher prices, and that's turning into a real economic problem.
Hereโs where things stand after approved student loan forgiveness emails were sent out
Millions of people are learning, yes, theyโve been approved for federal student loan forgiveness under the program President Joe Biden is trying to push through. But those emails and the hang-ups in court are causing some confusion.
Did you get a student loan forgiveness email? Approval emails sent as legal battles continue
Millions of people are learning, yes, theyโve been approved for federal student loan forgiveness under the program President Joe Biden is trying to push through. But those emails and the hang-ups in court are causing some confusion.
US announces expansion of COVID-19 emergency flexibilities to additional federal student loans in default
FILE - In this Aug. 9, 2017, photo, flags decorate a space outside the office of the Education Secretary at the Education Department in Washington. President-elect Joe Biden has chosen the education commissioner for Connecticut and a former public school teacher to serve as education secretary. (AP Photo/Jacquelyn Martin)WASHINGTON โ On Tuesday, the US Department of Education announced an expansion of the pause on federal student loan interest and collections to all defaulted loans in the Federal Family Education Loan Program. This action will help more than one million additional borrowers burdened by debt during the COVID-19 pandemic. Related: DeVos suspends federal student loan payments through January 2021
Taylor veteran offered tax lifeline after being swindled out of money
TAYLOR, Mich. โ An American hero who had fallen on some rough times had a life-changing day. Ogden got bamboozled and was swindled out of the money he had to pay the taxes on his Taylor home. He found himself drowning in debt before he stumbled onto Disability Network Wayne County Detroit, who stepped in to help. Ogden was given enough money Thursday to pay back all his taxes and he was able to step into the black from a mountain of red. The funding came from COVID Cares Act monies, distributed by the Disability Network Wayne County Detroit.
Washtenaw County Sheriffโs Office forgives over $500,000 in jail debt
ANN ARBOR, Mich. โ The Washtenaw County Sheriffโs Office announced that it has forgiven $509,888 of outstanding debt incurred by 31,614 individuals while at Washtenaw County Jail. The decision, made by Sheriff Jerry Clayton and supported by the Washtenaw County Board of Commissioners, affects community members incarcerated between January 1, 2013, to December 31, 2020. โOur decision to eliminate this debt reflects our understanding of the stress and financial burden of incarceration,โ said Clayton through a release. AdThe sum of $509,888 was identified after a review of the jail debt owed since 2013. In 2019, it increased the amount of money an indigent incarcerated individual was allowed from $3 per week to $5 per week and expanded what items that money could buy.
Get out of debt in 2021: Is it time to enlist some help?
The views expressed in this article are those of the advertiser and do not necessarily reflect those of this site or affiliated companies. However, the experience and challenges are still lingering for many, especially for those who are in debt. Gold, Lange, Majoros, Smalarz, PC specializes in bankruptcy law. The law firm says it has been helping people and small businesses get out of loan debt. Overall, they want to help you get control and a fresh start.
Live In The Dโs New Year New You Contest
The advertiser paid a fee to promote this sponsored article and may have influenced or authored the content. The views expressed in this article are those of the advertiser and do not necessarily reflect those of this site or affiliated companies. Live In The Dโs โNew Year New Youโ contest is happening all this week. We are showing you great ways to get 2021 off to a solid start. Watch Live In The D all week starting Monday January 11th to see how you can enter to win.
Lets improve your credit score together!
The advertiser paid a fee to promote this sponsored article and may have influenced or authored the content. This article is sponsored by MSU Federal Credit UnionHost Tati Amare spoke with Deidre Davis from Michigan State University Federal Credit Union (MSUFCU) about the importance of knowing and improving your credit score. Deidre explained that a credit score usually ranges between 300-850. Your credit score is determined by 5 factors; Payment history, the amount you owe, types of credit used, length of credit history, and new credit. To learn more about how MSU Federal Credit Union can teach you how to improve your credit score, visit their website msufcu.org.
For some, credit cards are a major part of tax season, survey finds
Tax season and credit cards seem to go hand-in-hand like peanut butter and jelly, at least if you believe the findings of a recent study conducted by Credit Card Insider. Using SurveyMonkey to conduct an online survey of 3,114 adults from Feb. 3-5, Credit Card Insider found out the following information when it comes to how important credit cards are for people during tax season. 14% of respondents who expected to owe this year planned on using a credit card to pay their taxes. Of those expecting a tax refund, 40% had credit card debt. 75% of those with debt plan to use their tax refund toward paying it off.