Susan Tompor Detroit Free Press Published 5:01 AM EDT May 17, 2019 The Equifax data breach came to light in September 2017 – and consumers are still fuming. Complaints about credit reporting, credit repair services and issues such as errors on individual consumer credit reports made up 43% of all the complaints made to the Consumer Financial Protection Bureau, according to an analysis by the U.S. PIRG Education Fund. That's up from 23% of total complaints back in 2016, before the Equifax breach. The analysis looked at data from 2011, when the CFPB began collecting complaints, to Jan. 14, which is when PIRG downloaded the data to review. CFPB, a federal consumer watchdog agency, published a record 257,000 consumer complaints in 2018, according to the PIRG analysis. That brings the total complaints to nearly 1.2 million in seven years. Complaints might include issues with a payday lender who won't stop withdrawing money from a bank account, … [Read more...] about Equifax data breach still causing problems for credit reports
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When a Tinder-browsing Norwegian student swiped right on a handsome Israeli man, she had no idea the romance would break both her heart and her bank account. Cecilie Fjellhoy, 29, was studying towards her Masters degree in London when she matched with a 28-year-old who called himself Simon Leviev, and claimed to be the son of billionaire diamond merchant Lev Leviev. Their extravagant first date seemed to back up his claim, with Leviev flying them both to Bulgaria on a private plane. He told Fjellhoy he was a diamond dealer and a millionaire in his own right, calling himself the 'Prince of Diamonds'. "I was texting my friends at the same time like in a group chat just like, 'I don't know what's going on,'" Fjellhoy told ABC News. Leviev said his work required constant travel, so they began a long-distance relationship which became very intense very quickly. Romantic texts and video calls were exchanged and Leviev flew Fjellhoy out to his various locations in a private jet. Police warn … [Read more...] about How a Tinder conman swindled a Norwegian student out of $300k
Susan Tompor Detroit Free Press Published 5:01 AM EDT Mar 28, 2019 Most of us know we need to pay attention to things like our mortgages when doing our taxes. But who would imagine that student loan debt could possibly help you get a bigger tax refund? Here's a look at how you might be able to write off some interest paid on student loans, as well as other tax tips relating to college debt. Big clue: Don't default if you want a fat tax refund. Despite some rumors to the contrary, many people can lower their tax bill by tapping into a deduction on federal income tax returns for interest paid in 2018 on federal and private student loans. "It's a nice benefit to have," said Cari Weston, director of tax practice and ethics for the American Institute of CPAs. But she warns that it's a tax break that only applies to a limited group of people, often younger consumers who aren't making much money. Married couples — who both are paying off student loans … [Read more...] about Tax refunds cut after defaulting on student loans
Member Center:Create Account|Log InManage Account|Log Out Home News Community Calendar Podcasts Newsletter TV Radio Weather About LIFESTYLE TV11 TV8 TVone GNN i94-FM Isla63-AM Auto Beauty & Style Entertainment Food Health Home/Family Money Pets Tech Travel VideoBytes Press Releases Two women jailed for using credit cards that weren't theirs Posted: Wednesday, February 6, 2019 1:05 AM ESTUpdated: Wednesday, February 6, 2019 1:27 AM ESTBy Nick [email protected] For using credit cards they didn't own, two people have been placed under arrest following multiple suspicious credit card transactions happening over a six-month period. Candelaria Ferminia Acfalle Blas and Abigail Maanao Caporno are charged with theft of property, fraudulent use of a credit card and conspiracy. A major department store filed the complaint in September 2018, according to Police. Investigators learned the suspects were using a pre-paid "My Vanilla" debit card. Authorities … [Read more...] about Two women jailed for using credit cards that weren’t theirs
Gregory Korte USA TODAY Published 10:35 AM EST Dec 28, 2018 You took out student loans to go to college, and then you started a career in public service, as a police officer, a teacher, a nurse, a social worker. Good news: The government wants to reward you for your service. After 10 years, you could be eligible for student loan forgiveness, wiping out an average of $58,000 in loan debt. Good news, that is, if you're one of the 206 people who have qualified for the federal program. Not so much if you're one of the 41,000 others who have applied and been denied. News: More than 41,000 public service workers sought federal student loan forgiveness. The government approved just 206 The form to request forgiveness is deceptively simple: It's just two pages, not including instructions. But there are any number of ways to get tripped up. And borrowers who wait 10 years to apply might discover that they've made crucial mistakes at some … [Read more...] about Student loan forgiveness for public service workers: Am I eligible?