No one was more surprised than Thomas Carpenito with the credit-card invitation that landed in his mailbox earlier this year. The 27-year-old deli owner from White Plains, N.Y., had about $10,000 in ...

On November 1, the New York City Department of Consumer and Worker Protection (NYC DCWP) announced that the effective date for the amended debt collection rules has been officially moved to April 1, ...

The Education Department is resuming 15% wage garnishment of student loans borrowers paychecks for defaulted federal student loans. Here’s who’s at risk and what to know. Federal student loan ...

The Congressional Budget Office on Monday extended its estimate of when the debt limit must be raised, stretching its predicted “X-date” range to begin in mid-August and run through the end of ...

Having debt in collections is an unfortunate reality for millions of Americans — especially those who are struggling with unexpected financial hardships. But while facing a debt collection issue may ...

The number of filings is back above 2020 levels as prices rise and people rely more on credit cards, an analysis finds. But many borrowers don’t respond to the suits and lose by default. By Ann Carrns ...

Yesterday, the New York City Department of Consumer and Worker Protection (NYC DCWP) announced another delay in the effective date of its amended debt collection rules. This marks the second ...

In theory, prescribed debt offers relief: if a debt hasn’t been acknowledged, paid, or legally pursued within three years, it’s no longer enforceable. But in reality, many South Africans are still ...