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Matters Pecuniary ... credit cards, banking, debt management, |
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Matters Pecuniary ... credit cards, banking, debt management, |
It can be exciting to find out that you’ve received a credit card offer. Usually these letters, emails, or website notices state that you’ve been “preapproved”, “prequalified”, or “pre-selected”. But, these prequalification and preapproval messages do not always mean that…
Federal student loan repayments have been suspended until May 1, 2022. During this relief period (which only applies to federal student loans), interest isn’t accrued, collections attempts have been suspended, and payments towards loans are considered optional. Although payments aren’t…
The massive debt wipeout concludes an almost five-year-long investigation into complaints against the servicer. Navient will be required to pay $1.85 billion, which includes: $1.7 billion in student loan cancelation $95 million in restitution $47.4 million in fees paid to…
Some student loan servicers, including Navient and FedLoan Servicing, have opted to stop servicing federal student loans. Around 15 million federal student loan borrowers are serviced by these particular servicers. Roughly half of the affected borrowers will be reassigned to…
Yes, you can have too much available credit. There’s not a specific dollar amount of credit that’s considered too much. But, the factors normally come down to your financial and credit history and, of course, the lending guidelines of your…
In our “Important things to do before applying for a credit card” article, we encouraged credit card applicants to reach out to their prospective credit card issuer and inquire about a few things, including the credit card’s payment grace period,…