Latest in Debt Forgiveness
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How the Debt Could Hamstring Trump’s Agenda
Republicans are hunting for ways to pay for President Trump’s expensive plans while avoiding a freakout on Wall Street.The New York Times - 5h -
Can you dispute a debt that was sold to a debt collector?
Disputing a debt that has been sold to a debt collector is not just possible — it's your legal right.CBS News - 4d -
Biden announces final round of student loan forgiveness, bringing aid total to nearly $189 billion
The Biden administration announced on Thursday its final round of student loan forgiveness, clearing over $600 million in the debt for thousands of borrowers.CNBC - 5d -
Bo Jackson knows forgiveness: Ex-two-sport star drops $21-million extortion judgment against family
Bo Jackson, the legendary NFL and MLB player and Nike pitchman, abandons $21-million judgment awarded to him in an extortion and harassment case.Yahoo Sports - 5d -
Tips for paying off debt
With nearly half of Americans carrying credit card balances month-to-month, CBS News business analyst Jill Schlesinger provides tips on how to pay down debt.CBS News - 6d -
Biden forgives $4.5 billion in student debt for 261,000 borrowers who attended now-defunct Ashford University
The Biden administration announced Wednesday that it would forgive $4.5 billion in student debt for 261,000 borrowers who attended Ashford University.CNBC - 6d -
Biden Administration Forgives 260,000 Loans for Ashford University Students
Ashford University was one the country’s largest for-profit college companies at one point.Inc. - 6d -
Ex-England boss Eriksson died heavily in debt
Swedish football manager Sven-Goran Eriksson, the first foreigner to lead the England national team, died with debts of over £3.8 million ($4.64 million) following years of financial mismanagement.ESPN - 6d -
Biden's total student debt relief passes $183 billion, after he forgives another 150,000 borrowers
In his final days in office, President Joe Biden announced that his administration would forgive student debt for more than 150,000 borrowers.CNBC - Jan. 13 -
House Republicans face massive debt problem
House Republicans have a problem. They want to pass a massive agenda for President-elect Trump, preferably in his first 100 days of office. And they don’t want to add to the federal deficit. That ...The Hill - Jan. 11 -
Can a debt collector refuse my settlement offer?
Negotiating a successful debt settlement could be a little more complicated than you'd expect.CBS News - Jan. 10 -
8 ways a credit card debt lawsuit can be dismissed
If you're being sued over delinquent credit card debt, there are a few ways you could get the lawsuit dismissed.CBS News - Jan. 10 -
UK debt market sell-off threatens mortgage pain for households
Some 700,000 borrowers face jump in repayments when fixed-rate deals end this yearFinancial Times - Jan. 10 -
Does the IRS ever forgive back taxes?
The IRS may be known for taking a hard stance on tax debt repayment, but that isn't always the case.CBS News - Jan. 9 -
What happens if you deny a credit card debt settlement offer?
There are times when it makes sense to deny a debt settlement offer, but there could be repercussions for doing so.CBS News - Jan. 9 -
How to pay less interest on credit card debt in 2025
There are multiple ways to pay less interest on your credit card debt this year. Here are five to explore now.CBS News - Jan. 9 -
Can you take out a HELOC with high credit card debt?
A HELOC is one of the most affordable borrowing options right now, but can you qualify for one with a lot of debt?CBS News - Jan. 8 -
What happens when you lose a credit card debt collection lawsuit?
A few different scenarios could occur if a judgment is issued against you for your old credit card debt.CBS News - Jan. 8 -
5 important credit card debt relief moves to make this January
Certain moves may help you break free from credit card debt, experts say. Here are five to explore this month.CBS News - Jan. 8 -
New rule bans medical debt from credit reports
A new rule issued by the outgoing Biden administration will ban medical debt from appearing on people's credit reports. It's estimated the move will raise credit scores for around 15 million ...CBS News - Jan. 7 -
49ers' Ricky Pearsall wants to meet teen who shot him: 'I have to be able to forgive him'
Pearsall was shot by a 17-year-old just before his rookie season was set to beginCBS Sports - Jan. 7 -
Speaker Johnson: ‘Intention’ is to increase debt limit in massive Trump agenda bill
Speaker Mike Johnson (R-La.) said that congressional Republicans plan to increase the nation’s borrowing limit as a part of a massive party-line bill that they are crafting that will encapsulate ...The Hill - Jan. 7 -
San Francisco 49ers rookie Ricky Pearsall says he forgives the teen who shot him
San Francisco 49ers wide receiver Ricky Pearsall said he forgives the teenager who shot and wounded him and hopes to talk to the teen someday.NBC News - Jan. 7 -
Can I qualify for credit card debt forgiveness with a low credit score?
A low credit score could limit your debt relief options — but will it make you ineligible for debt forgiveness?CBS News - Jan. 7 -
Biden administration finalizes rule to strike medical debt from credit reports
U.S. consumers will no longer have medical debt appear on their credit reports under to a new rule the CFPB finalized Tuesday.NBC News - Jan. 7 -
Medical debt banned from credit reports by new Biden administration rule
Unpaid medical bills will no longer appear on credit reports under a final rule announced by the Biden administration.CBS News - Jan. 7 -
New federal rule will remove medical debt from credit reports
A new rule on medical debt could affect millions of Americans' credit scores.ABC News - Jan. 7 -
Biden Administration Moves to Ban Medical Debt From Credit Reports
The future of the new rule remains in question, however, with President-elect Donald J. Trump set to return to the White House this month.The New York Times - Jan. 7 -
CFPB finalizes rule barring medical debt from credit reports
The Consumer Financial Protection Bureau (CFPB) on Tuesday finalized its rule barring medical debt from being included on credit reports, potentially freeing up billions in credit. The finalized ...The Hill - Jan. 7 -
Is it legal for a credit card company to sell your delinquent debt?
There are a few routes your credit card company can take when you're late on payments — including selling the debt.CBS News - Jan. 6 -
What proof must credit card debt collectors provide for a debt?
Debt collectors must provide proof that a debt is valid. Otherwise, they have to stop their collection efforts.CBS News - Jan. 6 -
While Biden administration withdrew student loan forgiveness plans, there is still debt relief available
After the Biden administration withdrew its sweeping student loan forgiveness plans, borrowers should look into the existing debt cancellation programs.CNBC - Jan. 3 -
Debt consolidation loan vs. debt consolidation program: Which will be better in 2025?
Both options can help you pay off your credit card debt faster, but one may be a better choice than the other now.CBS News - Jan. 3 -
3 big reasons to pursue credit card debt forgiveness this January
Debt forgiveness can be a smart way to move forward from your high-rate card debt — especially right now.CBS News - Jan. 2 -
Jim Gaffigan defends anti-Trump remarks even if 'true die-hard' MAGA 'never forgive me'
Comedian Jim Gaffigan defended his comments criticizing President-elect Trump, noting that he doesn't regret them even if “true die-hard” MAGA fans can never forgive him. Gaffigan, famously a ...The Hill - Jan. 2 -
Does the United States need a debt limit?
The federal debt limit has no practical value. This suggests that ending it would be a good idea. Yet the laws of unintended consequences suggest that there are unforeseen effects that may be worse ...The Hill - Jan. 2 -
Borrowers cheer Biden's record-setting student loan forgiveness, but left bitter with the system
President Biden will leave office with the legacy of approving the greatest amount of student debt relief of any president, changing the lives of millions of Americans. Many of these borrowers ...The Hill - Jan. 1
