debt

A Texas woman was arrested after being busted in a multi million dollar scheme by repairing people’s credit. Reports say the scheme was done from November 2020 through March 2022 the woman used fake police reports clearing up close to a million dollars of debt. The fake police reports were sent to multiple financial institutions. […]

More than 100 million people in the U.S. have been saddled with health care debt. That includes about 40% of all adults, according to an investigation from Kaiser Health News & NPR. A Kaiser Family Foundation poll found that one-fourth of American adults with health care debt owe more than $5,000. One in five of those […]

Did you spend all your emergency savings during the pandemic? A new study reveals that Black respondents are 43% more likely than overall respondents to have spent their emergency savings since the COVID-19 pandemic began. The study by Real Estate Witch was based on an online survey done in late January of 1,000 people questioned […]

Ohio State has announced the launch of a new 10-year plan to raise $800 million to eliminate all loans from financial aid packages given to undergraduates. Ohio State graduates more than 8,000 undergrads a year. The university says about half of those students graduate with debt and on average, graduates leave the university owing about […]

Stacey Abrams and the Fair Fight Action organization donated $1.34 million from its political action committee to the nonprofit organization RIP Medical Debt. The goal is to eliminate $212 million in face value debt owed by 108,000 people in Georgia, Arizona, Louisiana, Mississippi and Alabama, The Associated Press reported. An estimated 25 million American households have […]

I saw this news report that said the US Treasury department announced that the US government could run out of money by October 18th if Congress does not raise or suspend the debt limit. This will be the first time in US history the country would go into default. This potential default could affect millions […]