The bureau estimates millions of consumers a year are contacted about zombie debts that are no longer legally enforceable. Critics say a new rule doesn’t go far enough to end the confusion. A proposal from the Consumer Financial Protection Bureau could spark a fight about what should happen to consumers’ old debt. Debt collectors lose…
Class action Alleges: Equifax Information Services, Bank of America and General Motors Financial Company have been hit with a class-action lawsuit from a consumer who claims she is a victim of inaccurate credit reporting by Equifax. Plaintiff Bella Rabinowitv says she disputed an inaccurate item associated with Bank of America and GM Financial that appeared…
Bad credit can have some costly repercussions. It’s no secret that bad credit can cost you money, but what consumers often don’t realize is just how expensive it can be. Your credit score will obviously come into play whenever you’re borrowing money, and it can also affect monthly expenses, such as your auto insurance premiums….
The Credit Brain
