Where do students have it worst?
Student debt is a national problem that affects all 50 states (51, if you count D.C.). The amount and frequency with which undergraduates borrow varies vastly from state to state, some of which are far better at providing an affordable education than others.
Continue reading… “The number-one state with the highest public-college tuition is…”
More than a third of U.S. states allow the police to haul people in who don’t pay all manner of debts, from bills for health care services to credit card and auto loans.
Breast cancer survivor Lisa Lindsay end up behind bars because of a medical bill she didn’t pay– one the Herrin, Ill., teaching assistant was told she didn’t owe. “She got a $280 medical bill in error and was told she didn’t have to pay it,” The Associated Press reports. “But the bill was turned over to a collection agency, and eventually state troopers showed up at her home and took her to jail in handcuffs.”
Continue reading… “The return of debtors’ prisons”
Mortgage-only defaulters are less likely to then default later on new car loans or credit cards.
People who have defaulted only on their mortgages and no other debts are not as risky as expected, according to a new study from credit monitor TransUnion.
Continue reading… “People Who Default Only on Their Mortgages May be Safe Credit Risks: Study”
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