A borrower goes into default when they miss credit card payments for over 180 days, roughly six months. When there is a failure to pay over such a long period, banks generally take this as a sign that ...

The CFPB said the new rule will remove an estimated $49 billion in medical bills from the credit reports of about 15 million ...

Between today's record-high rates and the compounding nature of the interest charges, a large number of Americans are ...

The government's consumer watchdog agency has finalized a rule banning medical debt from credit reports in a move that could ...

Experian was sued by the Consumer Financial Protection Bureau, which accused the Costa Mesa-based credit bureau of failing to ...

In the six months leading up to applying for a mortgage, limit new credit applications. Each application can result in a hard ...

Loan deferment may help you out of a tough spot, but it's important to examine the pros and cons before you jump in.

The Supreme Court on December 20 overruled National Consumer Dispute Redressal Commission's (NCDRC) 2008 ruling that barred commercial banks from charging credit card holders over 30% per annum for ...

These institutions contended that the NCDRC lacked the jurisdiction to set a maximum ceiling on interest rates for credit card defaulters, arguing that such regulatory authority resides ...

The NCDRC judgment had held that if banks charge rate of interest over 30% towards credit card dues, that would amount to unfair trade practice. Ruling on the case, the apex court allowed appeals ...

Just ensure the account has no late payments and low credit utilization and that the card issuer reports authorized user accounts to all three credit bureaus. Credit scoring models like to see you ...