- BusinessCredit.com•2 hours ago
Just ask intrepid consumer reporter Bob Sullivan, who received his very own debt collection note after simply reaching out to a payday loan company (and alleged phantom debt collector) for a story. For starters, payday lenders don't typically report to major credit bureaus, like Experian, according to the bureau's Director of Public Education, Rod Griffin. "Any debt you enter into contractually you are obligated to repay, even if it doesn't appear in a credit report," Griffin said, and ignoring a legitimate debt could have serious consequences.
- LifestyleInvestopedia•18 hours ago
Baby boomers, born between 1946 and 1964, are heading into retirement in droves (about 10,000 a day, in fact). Along with the aging of this iconic cohort come lots of data about their poor preparation for their golden years. Insufficient preparedness and lack of financial resources for decades without steady employment paint a gloomy picture for many retirees. Are we facing a Baby Boomer retirement crisis? There may not be an easy answer, but read on for data that helps shed some light into this large generation's economic situation. (For related reading, see: How Baby Boomers Will Change the Way Others Retire.) Baby Boomer Retirement Research GoBankingRates recently published research conducted
- financeReuters•48 minutes ago
Wells Fargo & Co's board is likely to decide on whether to claw back pay from former retail-banking head Carrie Tolstedt and Chief Executive John Stumpf ahead of a congressional hearing on Thursday, the ...