When a debt collector calls, don’t let them push you around. A third of consumers have been contacted by a creditor or debt collector in the past 12 months, according to a survey released Thursday from the Consumer Financial Protection Bureau. Of those consumers who had contact with a debt collector, 27 percent reported feeling […]

The nation’s largest student loan servicer was hit with a Consumer Financial Protection Bureau lawsuit Wednesday over allegations that it has “systematically and illegally” failed borrowers. Navient, formerly part of Sallie Mae, created repayment obstacles for tens of thousands of student borrowers by providing incorrect payment information, processing payments incorrectly and failing to act when borrowers complained, according to the federal […]

statute of limitation is the amount of time a person can take legal action on a certain event. When it comes to debt, the statute of limitation is the amount of time a creditor can ask the court to force you to pay for a debt. The court system doesn’t keep track of the statute […]

Paying for your credit score may not be worth it, especially since you often can get it for free. The question about whether you should pay rose again Tuesday after the Consumer Financial Protection Bureau fined two big U.S. credit-reporting agencies, Equifax and TransUnion, in part for allegedly misleading consumers into buying credit scores of dubious […]