Sentences with phrase «federal debt trap»

Moving closer to a Federal Debt trap.

Not exact matches

«An individual should sit down with a financial professional to look at their whole picture if the windfall is of any size,» said Alexis Hongamen, a money manager at Federal Retirement Investment Advisers in Orlando, Fla. «For small windfalls, it may be best just to pay off credit card debt and promise themselves never to fall into that trap again.»

March 29, 2015 • The federal government is moving to reign in the payday loan industry, which critics say traps consumers in a damaging cycle of debt.

Short - term loans, either from payday lenders or lenders that demand property such as an auto title as collateral, can ensnare borrowers in debt traps and lead to property losses while the annual interest rate can soar to over 400 %, according to federal regulators.

However, the Consumer Financial Protection Bureau, a federal agency created in 2008, issued a new rule in October 2017 to stop «debt traps.»