Kansas court lays down hammer on delinquent accounts

Mar 18, 2012 Mike Garretson

After giving Topeka, Kansas, residents a grace period for paying off court fines without incurring collection costs, Topeka Municipal Court judge Vic Miller has announced the hiring of a new agency, the Topeka Capital Journal reports.The new


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Consumer credit up due to student loans, schools take notice

Mar 17, 2012 Mike Garretson

Consumer credit up due to student loans, schools take notice

With student loans and medical bills becoming very urgent and concerning increase expenditures for numerous Americans, borrowing has increased and consumer credit has spiked recently.CNBC reported that consumer credit jumped by 8.6 percent,


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Student loan debt worse than credit, auto

Mar 17, 2012 Mike Garretson

Student loan debt worse than credit, auto

As the latest American student loan debt estimates hold firm at $870 billion, it has far overshadowed other common types of debt, and debt collection for defaulters on student loans is now a larger operation than collecting on credit card or


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Debt down, but collectors persist

Mar 14, 2012 Mike Garretson

Consumer debt declined from 2010 to 2011, from 1.55 million bankruptcy filings to 1.37 million - a 12 percent drop, CreditCards.com reports.This could be attributed to a variety of factors, such as more cautious consumer spending, a decline


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New York Fed: Student loan debt to rise in coming years

Mar 14, 2012 Mike Garretson

Student loan debt continues to skyrocket, and some analysts are warning that the trend soon get out of hand and provide the basis for a financial collapse akin to the 2008 housing bubble.According to the New York Federal Reserve, the outstanding


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