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The collection's existence on your credit report can severely lower your credit score and impact future loans. Here's what you need to know about the impact of collections and how to get them removed from your credit report. As it ages on your credit report, its effect on your credit score will decrease until it falls off entirely. How can you remove collections from a credit report? There are a few different — and completely legal — ways you can try to remove it from your credit report to fix your credit score.
Persons: it's, there's, you've, Markia Brown, John Owens, Brown, Owens, Rick Eicheldinger, Zarrad, Eicheldinger, Jennifer, Read Organizations: Monterey Financial Services, Business, Yahoo, Finance, CBS, MSNBC, CNBC, Forbes, Black Enterprise, USA, The Johns Hopkins University Carey School of Business, Business Journalists Locations: America, TheGrio, New York City
Read previewVice President Kamala Harris says she has a plan for America's middle class— building an "Opportunity Economy" to help them succeed. "Vice President Harris grew up in a middle class home as the daughter of a working mom. She believes that when the middle class is strong, America is strong," the Harris campaign wrote in a section titled "Build an Opportunity Economy and Lower Costs for Families." But just what exactly is Harris looking to do when she says she's going to build up the middle class through her "Opportunity Economy" agenda? During the debate, Harris accused Trump of only wanting to offer tax breaks to the richest people, while Trump countered by saying Harris lacked a detailed plan.
Persons: , Kamala Harris, Harris, Donald Trump, she's, Biden, Trump, Alice Tecotzky, Goldman Sachs Organizations: Service, Business, Trump, American, Biden, Pharma, New York Times, Siena College Locations: America, North Carolina
Following the trade, Jim Cramer's Charitable Trust will own 100 shares of HD, increasing its weighting in the portfolio to about 1.1% from roughly 0.56%. Rates will come down and activity should pick up after the Fed gets a few rate cuts under its belt. That, at least, is what Toll Brothers CEO Doug Yearley said on "Squawk on the Street" earlier Wednesday when speaking about 30-year fixed-rate mortgage rates and the luxury homebuilder's business. If Yearley is correct, then it won't be too long until mortgage rates are at a sweet spot where housing turnover really starts to pick up. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer's, Doug Yearley, it's, Yearley, Jim Cramer, Jim Organizations: Fed, Toll, CNBC
The White House warned Tuesday that debunked claims about Haitian immigrants harming household pets could spill over into anti-immigrant violence, as Republican vice presidential nominee JD Vance vowed to keep spreading the rumor. National Security Council spokesman John Kirby said in a briefing with reporters that the false claims about immigrants were a “dangerous” variety of conspiracy theory. So, it needs to stop.”The rumor that Haitian immigrants are abducting and eating pets has spread widely on social media and has focused on Springfield, Ohio, a city with a large population of recent immigrants. The baseless claims have been described as racist because of the implication that Haitian immigrants, most of whom are Black, have barbaric practices or are incapable of living peacefully among white neighbors. Vance posted Tuesday on X that “a child was murdered by a Haitian migrant” and he said other local resources including health care and housing were becoming overwhelmed by demand from new arrivals.
Persons: Vance, John Kirby, , ” Kirby, Haiti’s, “ What’s, you’ve, that’s, let’s, Donald Trump, Marlene Daut, Springfield who’ve, ” Vance, wouldn’t, debunkings, don’t, Aiden Clark, Hermanio Joseph Organizations: National Security, Police, Republican Party, Republican, Yale University, NBC News Locations: Springfield , Ohio, Springfield, France, Ohio, Haitian
New Hampshire voters will head to the polls Tuesday for a primary that will set up the matchup for one of just two governor’s races in presidential battleground states this year. In addition to North Carolina, New Hampshire is the only other swing state to hold a race for governor this election cycle. “I think that helps people in New Hampshire realize that Kelly Ayotte is a New Hampshire Republican, not a straight party loyalist,” Williams said. In New Hampshire, abortion is banned after fetal viability, or around the 24th week of pregnancy. “We’ve seen in the last few years that governors and state leadership sort of make or break it when it comes to protecting abortion rights,” Levy said.
Persons: Sen, Kelly Ayotte, Chuck Morse, Chris Sununu, Joyce Craig, Cinde Warmington, Amy Walter, Cook, Kamala Harris, Ayotte, Morse, Donald Trump, Trump, didn’t, hasn’t, Chuck Morse’s, he’s, Kelly, , Fergus Cullen, Cullen, Trumper, Sununu, Hillary Clinton, Joe Biden, “ She’s, Ryan Williams, , ” Williams, “ Kelly, she’s, Maya Harvey, Chuck, ” Harvey, Craig, Jon Kiper, Warmington, Joyce Craig’s, Philip Stein, Kelly Ayotte’s, Joyce Craig's, ” Craig, Craig Brown, Craig “, “ It’s, Williams, They’ve, nodded, Neil Gorsuch, Gorsuch, Roe, Wade, Izzi Levy, “ We’ve, ” Levy, Dobbs, we’ve, Jason Osborne Organizations: New, Republican, GOP Gov, Democrats, Manchester, Hampshire, White, Democratic, GOP, New Hampshire Republicans, ” New, Republican Party, New Hampshire Republican, Purdue Pharma, Ayotte, Republicans, Hampshire Democrats, Trump, Democratic Governors Association Locations: New Hampshire, state’s, North Carolina , New Hampshire, Trump, Dover, ” New Hampshire, Manchester, Hampshire, New England, “ New Hampshire
DEIR AL-BALAH, Gaza Strip — An Israeli strike on a crowded tent camp housing Palestinians displaced by the war in Gaza killed at least 40 people and wounded 60 others early Tuesday, Palestinian officials said. The Israeli military said it had struck Hamas militants who were operating in a command-and-control center. Gaza’s Health Ministry says over 40,000 Palestinians have been killed in Gaza since the war began. Hamas-led militants killed some 1,200 people, mostly civilians, in their Oct. 7 attack. UNRWA head Philippe Lazzarini said the staffers who were held had been taking part in the campaign in northern Gaza and Gaza City.
Persons: Israel, Attaf al, Shaar, , Nasser, Khan Younis, Philippe Lazzarini Organizations: Civil Defense, Hamas, Associated Press, Nasser Hospital, Gaza’s Health Ministry, United Nations, UNRWA, UN Locations: DEIR, Gaza, Mawasi, Israel, Rafah, Khan, United States, Egypt, Qatar, Gaza City,
Realtor.com says the week of September 29 through October 5 is the best time to buy a home. Go to newsletter preferences Thanks for signing up! A new report from Realtor.com suggests the best week of the year to buy a home is just around the corner. Realtor.com said prospective homeowners who buy between September 29 and October 5 could save as much as $14,000 from the summer's median home price of $445,000. It said that in this week in the past, market activity has slowed, competition has eased, and for-sale listings have picked up meaningfully.
Persons: Realtor.com, Organizations: Service, Business Locations: Realtor.com
Here’s a look at what could happen to inflation, jobs and the deficit if Trump or Harris win in November. That, among other things, would keep the top tax rate individuals pay at 37% compared to 39.6% before it went into effect. Meanwhile, the tax proposals Harris has put forth so far mostly involve imposing higher taxes, which would have a positive impact on the deficit. For instance, she’s endorsed raising the top individual income tax rate to 44.6% and the top long-term capital gains tax rate to 28% versus the current 20%. Taken together, the Penn Wharton Budget model estimates Harris’ proposals could increase the deficit by an additional $1.2 trillion by 2034.
Persons: Kamala Harris, Donald Trump, Harris, Goldman Sachs, Trump, Warwick McKibbin, Goldman, she’s, , Justin Wolfers, Kevin Dietsch, He’s, Elon Musk, She’s, Joshua Gotbaum Organizations: New, New York CNN, Labor Department, Trump, Peterson Institute for International Economics, Gross, University of Michigan, CNN, Federal Reserve, Treasury Department, Wharton Budget, Social Security, Penn, Wharton Budget Model, Penn Wharton Budget, Brookings Institution Locations: New York, United States, Penn
Although there are no restrictions on how often you can file for bankruptcy, there are restrictions on how often you can receive a discharge. While Chapter 7 and Chapter 13 bankruptcies will have the same effect on your credit score, creditors may view a Chapter 13 bankruptcy more favorably. A Chapter 7 bankruptcy will stay on your credit report for 10 years, while a Chapter 13 bankruptcy will fall off after seven years. Frequently asked questions about how often you can file for bankruptcyCan I file a Chapter 13 bankruptcy after a Chapter 7 bankruptcy? Yes, you can file Chapter 13 after Chapter 7 bankruptcy, but you must wait at least four years after the discharge of your Chapter 7 to file Chapter 13.
Persons: Filers, you've, Adrienne Hines, Hines, Scott Glatstian, Rosenblum, Lamine Zarrad, , Jennifer, Read Organizations: refiling, Wright Co, Rosenblum Law, Federal Trade Commission, Business, Yahoo, Finance, CBS, MSNBC, CNBC, Forbes, Black Enterprise, USA, The Johns Hopkins University Carey School of Business, Business Journalists Locations: Kademenos, Chevron, America, TheGrio, New York City
Federal Reserve Board Vice Chair for Supervision Michael S. Barr testifies at a Senate Banking, Housing and Urban Affairs Committee hearing on "Recent Bank Failures and the Federal Regulatory Response" on Capitol Hill in Washington, March 28, 2023. Introduced in July 2023, the regulatory overhaul known as the Basel Endgame would've boosted capital requirements for the world's largest banks by roughly 19%. The change comes after banks, business groups, lawmakers and others weighed in on the possible impact of the original proposal, Barr told an audience at the Brookings Institution. "There are benefits and costs to increasing capital requirements. That would likely boost capital requirements by 3% to 4% over time, Barr said.
Persons: Michael S, Barr, Michael Barr, could've, Jamie Dimon Organizations: Banking, Housing, Urban Affairs, Federal, Fed, Federal Deposit Insurance Corp, Brookings Institution, JPMorgan Chase Locations: Washington, Basel
An expansion rate surpassing America'sKFC, run by Shanghai-headquartered Yum China, has historically enjoyed the lion's share of the country's fast-food cravings. Hopes for a new middle class in ChinaCities in China are unofficially grouped into tiers according to their status, size, and wealth. Chinese KFC has nearly doubled its menu itemsExpanding during a sluggish economy might make sense for fast food brands, which are often classified as recession-proof as consumers downgrade their spending. Advertisement"Now, they are doubling down further on this strategy by expanding into the inland regions of China, especially Tier Three and Tier Four cities with a growing middle class," they told BI. Yum China has also been expanding aggressively in the country's burgeoning coffee scene, establishing a popular spin-off called KCoffee.
Persons: , It's, McDonald's, Shaun Rein, Rein, Allison Malmsten, Malmsten, Cui Nan, Wang Gang, Jonathan Bernstein, Bernstein, Kung Fu, Daxue, it's, They've Organizations: Service, Thursday, Business, McDonald's, Tier, China Market Research Group, KFC, LONG, Future Publishing, Getty Images, China, US, Yum China, Daxue Consulting, Publishing, China News Service, Getty, Analysts, Yonder Consulting Locations: China, Kentucky, Weibo, Hangzhou, China's, Shanghai, China Cities, Beijing, Guangzhou, Shenzhen, Chengdu, Chongqing, Nanyang, Suqian, Jiangsu, London, Asia, Shanghai thronged
watch nowYoung adults face financial obstaclesOver decades, attitudes about marriage and parenthood have changed. More recently, experts say, the overall cost of living has become a contributing factor in decisions to forgo parenthood. Between 1991 and 2024, the costs for child care rose at nearly twice the pace of overall inflation. But parenthood and related child care costs are not just personal financial issues, he added. "The cost of child care is really an economic growth and productivity issue as well," House said — and that affects all Americans, not just those with young kids.
Persons: Greg McBride, Gen Zers, Pew, Brett House, , Brett Organizations: Pew Research Center, KPMG, Columbia Business School, Columbia Business Locations: U.S, millennials
Median income rose to $80,610 in 2023
  + stars: | 2024-09-10 | by ( Tami Luhby | ) edition.cnn.com   time to read: +4 min
Median household income rose to $80,610 in 2023, essentially the same as it was in 2019, the Census Bureau reported Tuesday. The typical household’s income rose 4% from 2022, driven primarily by an increase in workers’ earnings. There were widespread gains across the income ladder, though income inequality did not change significantly between 2022 and 2023. Changes in the poverty rateThe official poverty measure fell to 11.1% in 2023, down 0.4 percentage points from the year before. The supplemental poverty measure has been closely watched in recent years because it showed the impact of many federal Covid-19 pandemic relief programs.
Persons: , Arloc Sherman, Donald Trump, Kamala Harris, Harris, Sen, JD Vance, Biden Organizations: CNN, Census, Budget
As the Fed lowers its benchmark rate, mortgage rates should continue to go down. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. FHA Interest RatesFHA interest rates were 5.03% last month, and they've been a bit lower in recent weeks. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile.
Persons: they've, Freddie Mac Organizations: Federal Reserve, Traders, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs Locations: Chevron
Read previewThis as-told-to essay is based on a transcribed conversation with John Morganelli Jr., a former Director of Admissions at Cornell University and the current Director of College Admissions for Ivy Tutors Network, about his experience with admission to elite colleges in the United States. If you want to get into a US college and you wait until 10th and 11th grades, you may not have enough time to create the depth in the application you're looking for. Here are my insider tips from working as the director of admissions at Cornell University. Prospective major selection can impact your chancesWhen I was the Director of College Admissions at Cornell, managing institutional priorities was my biggest job. AdvertisementWhen you apply to a university, you first apply to the college: arts and sciences, engineering, or business college.
Persons: , John Morganelli Jr Organizations: Service, Cornell University, Ivy, Network, Business, NYU, Cornell, Elite, UN, Ivy League Locations: United States
It’s possible, of course, that all of these rumors will turn out to be false,” Vance posted on X“Do you know what’s confirmed? The Times reported that city officials estimated an influx of as many as 20,000 Haitian immigrants to the town in recent years. In a follow-up post, Vance said, “In short, don’t let the crybabies in the media dissuade you, fellow patriots. Keep the cat memes flowing.”Vance promoted false claims on Monday that Haitian migrants in Ohio are killing and eating family pets, though his post on Tuesday made no mention of Haitians “eating” them. They spread widely on X, whose owner, Elon Musk, has embraced the false rumors and posted several memes that promoted them.
Persons: Vance, , Springfield who’ve, ” Vance, Kamala Harris’s, , don’t, Kamala Harris, Elon Musk Organizations: CNN, Republican, The New York Times, Springfield News, The Times, Republican Party, City Locations: Springfield , Ohio, Springfield, Haitian, Ohio
CNN —Kamala Harris’ joyful campaign will Tuesday be hit by the blunt force of reality — a debate with Donald Trump — the most menacing political foe of modern times. The vice president transformed the 2024 election after President Joe Biden’s abject debate showing against Trump on CNN in June led him to end his reelection bid. Haris will be ‘fully prepared’But to succeed in the debate, the vice president faces three difficult tasks. The conceit, however, allowed the Trump campaign to argue she’d return to her original stance if she won power. “I believe the vice president will be fully prepared to do that.”
Persons: CNN — Kamala Harris, Donald Trump, Joe Biden’s, Harris, Mike Pence, Trump, ” Harris, Hillary Clinton, Biden, Joe Biden, Kamala Harris, Brendan Smialowski, , , who’s, Justin Sullivan, Haris, Obama, Rickey Smiley, ” — Harris, parry, Dana Bash, she’d, Vincent Alban, “ I’m, he’s, Anita Dunn, ” Dunn, CNN’s Erin Burnett Organizations: CNN, Trump, Democratic, South, Prince George's Community College, New York Times, Siena, Republican, University of Las Vegas Thomas, Mack Center, Bidenomics Locations: Philadelphia, Largo , Maryland, AFP, Las Vegas, Trump’s, Trump, Pennsylvania, La Crosse , Wisconsin
The report examined Americans who have identified as nonprofit workers on the Census' American Community Survey, including many employees in healthcare, educational services, and social assistance. Younger nonprofit workers are particularly struggling. According to the report, 37% of nonprofit workers under the age of 25 fall into the ALICE category. Similarly, 23% of nonprofit workers ages 25 to 44 are considered ALICEs. And, while 16% of white nonprofit workers were below the ALICE threshold, 35% of Black workers in the sector were struggling to make ends meet.
Persons: ALICE, Lisa Kelley, they're, It's, Cherie Tobias, Melissa Hedden Organizations: Service, United, Survey, Business, SNAP, Medicaid Locations: El Paso , Texas, Alexandria , Virginia, Cincinnati, Michigan
I'm a management and senior policy analyst at the US Department of Housing and Urban Development (HUD) in Washington, DC. After transitioning from military to civilian life in 2012, I worked as a policy analyst and technical writer at Sage Management. I love my new role and would've left to pursue a fully remote role if this didn't happen at HUD. I work around these challenges by building relationships with other program offices within HUD to collaborate and get the work done. Within the HUD Veterans Affinity Group, we established the Women's Group to talk monthly with and support women veterans.
Persons: , Ebony Grey, It's, I've, would've Organizations: Service, US Department of Housing, Urban Development, Business, Air Force, Sage Management, HUD, Affinity Group, ACT, Education, Federal, Veterans Affinity Group, Blacks, American Federal Executive Association, Young Government Locations: Washington ,, Afghanistan, Government
Discount home goods retailer Big Lots filed for bankruptcy protection on Monday after high interest rates and a sluggish housing market slowed demand for its low-priced furniture and decor. As part of its Chapter 11 filing, Big Lots agreed to sell its business to private equity firm Nexus Capital Management for about $760 million, consisting of $2.5 million in cash plus its remaining debt and liabilities, court records show. While discount retailers tend to do well in rough economic cycles, Big Lots primarily caters to lower- and middle-income consumers, who have curbed discretionary spending at a higher rate than their more affluent counterparts. “Big Lots is not always good value for money. A&G Real Estate Partners has been tapped as Big Lots’ real estate advisor, while Nexus will be represented by law firm Kirkland & Ellis.
Persons: Lots, Bruce Thorn, ” Evan Glucoft, , Big, Glucoft, Cos, ” Neil Saunders, GlobalData, ” Saunders, Davis Polk, Kirkland, Ellis Organizations: Big, Nexus Capital Management, Walmart, Goods, Guggenheim Securities, Real, Partners
The median US home size has shrunk by 128 square feet over the last five years. Go to newsletter preferences Thanks for signing up! AdvertisementThe housing market hasn't been spared from shrinkflation, the unfortunate phenomenon of paying more for less. The median-sizes US home has shrunk from 1,996 square feet to 1,868 square feet in the last five years, according to Realtor.com data. Yet, the median price for a US home has climbed to $429,990 as of August, up 36% from August five years ago, when the median price of a home stood at $315,791.
Persons: Organizations: Service, Business Locations: shrinkflation
When I received a call from a Deloitte representative saying I'd landed a post-grad job as an actuarial analyst, I was ecstatic. But I didn't feel like there was space to express my femininity. I honestly didn't feel like there was a way to thrive in a more masculine environment without entirely abandoning my femininity, so I tucked away my spiritual, bubbly side. AdvertisementI didn't feel safe confiding in anyone about my workload concerns because everyone around me seemed to wear their burnout as a badge of honor. My superiors encourage me to leave work at work and I finally have time to nourish my hobbies and relationships.
Persons: , Cierra Desmaratti, It's, I'd, That's, hadn't, Deloitte's, I've, Tess Martinelli Organizations: Service, Deloitte, Business, North Central College, Deloitte's Chicago, International Association of Black Actuaries, Transamerica, Big Locations: Miami, Naperville , Illinois, Deloitte's, Chicago, Transamerica, tmartinelli
Read previewAfter four years of living in their studio apartment in Brooklyn, Taylor and Tatum Barnes decided it was time to leave New York City. Advertisement"In New York City, I did not drive. Related stories"In New York City, we're not waving at everyone we pass by because if you did that, you'd go insane. The slower pace of life in Vermont has been refreshing compared to the hustle and bustle of the city, Taylor, who was originally from Pennsylvania, added. "Compared to New York City, the mortgage is half that of what we paid for rent," Tatum said.
Persons: , Taylor, Tatum Barnes, Tatum, they're, we're, you'd, It's, Barnes, isn't, We're, that's Organizations: Service, Business, Dartmouth College, Dartmouth, New, Fiscal, Institute Locations: Brooklyn, New York City, Vermont, Hartford , Vermont, Pomfret, Burlington, City, playgroups, Pennsylvania, NYC, New York
She focused on this gig early in the morning, in the evening, on the weekends, or during working hours on the days her full-time employer allowed her to work from home. While overemployment has increased Olivia's work-related stress, it's reduced her financial stress — something she said has helped her pursue a healthy romantic relationship. That's because the long working hours can take a toll, and remote job opportunities can be difficult to land. As long as she lives in her area of California, she's not sure she'll ever buy a home. Are you working multiple remote jobs at the same time and willing to provide details about your pay and schedule?
Persons: , Olivia, What's, Doxo, jugglers, she's, overemployment, Overemployment, it's Organizations: Service, Business, New York Times, BI Locations: California's Bay, San Francisco, San Jose, Bay, California
Timothy Armoo, a co-founder and former CEO of influencer marketing firm Fanbytes, is not what you might expect from a multi-millionaire. Armoo made his money selling Fanbytes to digital marketing agency Brainlabs in May 2022 for an eight-figure sum (the exact amount has not been made public). But the young entrepreneur told CNBC Make It that he felt "almost too crippled to spend the money" after growing up poor in public housing in south London. "I would track it every week, maybe twice a week," he said. "I said: 'I would like to come and take out a million pounds in cash.'"
Persons: Timothy Armoo, Armoo Organizations: Brainlabs, CNBC Locations: Africa, London
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