Arizona Governor Signs Limited Texting Ban into Law

Governor Doug Ducey has signed Arizona’s first ban on texting while driving adding he would go further than what the bill proposes and bar all minors from using mobile devices while behind the wheel. According to a news report in The Republic, Gov. Ducey’s signature on Senate Bill 1080 means that beginning July 1, 2018, any minor getting a driver’s…

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Federal Student Loan Interest Rates to Increase in the Fall

American families have been benefiting from historic lows on student loan interest rates for the last decade or so. But, that’s all about to change this fall. According to a news report in The Washington Post, interest rates on federal student loans will increase by seven-tenths of a percentage point as a result of the Treasury Department’s auction of 10-year…

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Tips to Stay Safe On the Road This Summer

Summer is almost here and AAA has already announced that it expects to rescue 7 million drivers nationwide this summer. That includes 169,000 calls for roadside assistance in Arizona, a 1.2 percent increase compared to 2016. In Arizona alone, AAA expects to jumpstart more than 57,000 car batteries, change more than 21,000 tires and unlock more than 16,000 vehicles. If…

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Report States ACA Helped Bring Down Personal Bankruptcy Filings

A new analysis by Consumer Reports shows that the Affordable Care Act (ACA), also known as Obamacare, was among the likely factors that helped with a big decrease – nearly 50 percent – in personal bankruptcy filings in the last six years. Other factors such as new bankruptcy laws, a rebounding economy and tighter credit requirements, also likely helped reduce…

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More Arizonans Are Complaining about Medical Debt Collectors

A new report shows that Arizonans have filed 439 complaints with the Consumer Financial Protection Bureau (CFPB) about medical debt collectors since the bureau started tracking such complaints in 2013. This is apparently the 11th highest rate of complaints in the nation, according to a Cronkite News report. The report issued by the U.S. Public Interest Research Group Education Fund…

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Seven Wrong-Way Crashes Reported on Arizona’s Freeways in 2017

An early morning crash on April 14 on the Interstate 17 near Greenway Road in Phoenix, which killed three people, was the seventh wrong-way car accident on Arizona’s freeways in 2017. According to a Cronkite News report, in this particular accident, the wrong-way driver, a 22-year-old man drove southbound in the northbound lanes before crashing head on into another vehicle…

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Do I Have to Pay Taxes on Canceled Debt?

When debts are canceled or forgiven, the Internal Revenue Service considers those canceled debt as taxable income. So, when the amount of a loan or mortgage is canceled or forgiven, the IRS taxes that amount as if the borrower earned it as income. But, it is important to understand that the law allows exemptions in certain situations. If your canceled…

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Arizona Ranks Seventh Lowest in Student Loan Debt

A new study by LendEDU, an online marketplace for student loan financing, shows that Arizonans are well below the national average when it comes to student debt. According to an article in The State Press, the average college student in Arizona owes about $23,594 compared to a national average of $28,400. To do this study, LendEDU calculated the average student…

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