In medical offices across the country — including those of doctors, dentists, pain management specialists and centers that provide important assistance such as hearing aids — credit cards are being offered to patients not covered by their insurance plans.
U.S. foreclosure starts in the third quarter were at a seven-year low, with 174,366 U.S. properties starting the process, down 13 percent from the previous quarter and down 39 percent from a year ago, according to RealtyTrac.
Five federal regulatory agencies Wednesday “encouraged” financial institutions to work with customers affected by the federal government shutdown. The hitch: so-called workout arrangements have to be “consistent with safe-and-sound lending practice.”
For the first time, the Federal Trade Commission has taken action against a debt collector for unlawfully using text messaging. A Glendale, California-based debt collector will pay $1 million dollars to settle FTC charges that it violated both the Fair Debt Collection Practices Act and the FTC Act, the U.S. agency said Wednesday.
Consumers are now increasingly paying the mortgage first as they see home prices recover, and in many cases, rebounding equity in their homes from the depths of the financial crisis.
The report showed that 90.2 percent of mortgages were current and performing at the end of the first quarter, compared with 89.4 percent the prior quarter and 88.9 percent a year earlier.
U.S. consumers are doing better at reducing their credit card balances and paying on time, as the average total card debt per borrower is down to $4,878, according to TransUnion’s update for the first quarter of 2013.
The wide disparity in the productivity of HAMP (Home Affordable Modification Program) — based on the update provided by U.S. Treasury and housing officials Friday — bolsters the claims by a government watchdog released last month that called the program’s re-default rate “alarming.”
Consumers did a better job of staying current on their primary, or first-lien, mortgages by the end of the fourth quarter of 2012, with 89.4 percent making payments on time compared to 88.6 percent the previous quarter.
The national mortgage delinquency rate, which refers to the rate of borrowers 60 or more days past due, declined on a year-over-year basis nearly 14 percent in the fourth quarter of 2012.