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Canadians' credit debt levels 'merit close watching'

clock April 7, 2012 07:00 by author Mike Garretson
A recent study from the C.D. Howe Institute points out that Canadian households' credit card debt has surpassed that of their American counterparts.The Rise in Consumer Credit and Bankruptcy: Cause for Concern? report addresses the fact that debt levels associated with consumer credit in Canada are higher than at any point in history. Study au... [More]

Ohio city's court of clerks looks to AG for collection help

clock April 6, 2012 13:15 by author Mike Garretson
Erie County, Ohio, hopes to recoup "thousands" of dollars in unpaid court fees with the help of Ohio attorney general Mike DeWine, the Sandusky Register reports.Clerk of courts Luvada Wilson feels confident that with help from DeWine's office, her debt collection tactics will be more effective than the previous regime."The Attorn... [More]

Minnesota utilities debt a major problem for city

clock April 6, 2012 12:00 by author Mike Garretson
While utilities debt is not often as frequently publicized as student loan debt, overdue medical bills or past due credit card payments, it is still a major problem for many Americans. And in colder climates, being in debt to utility providers could be life-threatening in the winter months.In Duluth, Minnesota, overdue utility accounts are a large ... [More]

New debt law to apply to Illinois citizens

clock April 6, 2012 08:15 by author Mike Garretson
In Illinois, many debtors who would have faced jail time in the past due to their overdue charges will be protected by the Debtors' Rights Act of 2012, pending passage by the Senate. [More]

Overdue drivers' tickets still go to collections

clock April 5, 2012 12:00 by author Mike Garretson
The Louisiana Committee on Transportation, Highways and Public Works recently refused a bill set forth by New Orleans Senator J.P. Morrell that would've banned the practice of sending traffic tickets to collections, The Times-Picayune reports.In a 4-2 vote, the committee disagreed with Morrell's claim that transferring accounts to debt coll... [More]

New proposal to base student loan payments on income rather than loan amount

clock April 5, 2012 10:45 by author Mike Garretson
The U.S. Department of Education (DoE) recently announced a new provision that would make paying off student loans less stressful for debtors, Bloomberg reports. [More]

Recent grads finding jobs

clock April 5, 2012 07:00 by author Mike Garretson
According to many indicators, it's a tough job market, especially for recent college graduates, many of whom haven't had the chance to gain experience in their field. The lack of available jobs for those new to the workforce only adds to the growing problem of student loan debts, as those without steady income often default. However, debt c... [More]

Utah debt collection firm off the hook

clock April 4, 2012 09:30 by author Mike Garretson
The Arkansas Supreme Court recently dismissed a case against an out-of-state debt collection law firm, ruling that the state's Deceptive Trade Practices Act (DTPA) has no application to the practice of law by attorneys, Legal Newsline reports.Bennett and DeLoney, PC, a Utah-based debt collection law firm, was originally sued by Arkansas attorne... [More]