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Supreme Court allows $6 billion student loan debt settlement

Collection Industry News

The government has already started implementing the settlement. The application at the Supreme Court was filed by Everglades College, Lincoln Educational Services Corp. The Justice Department, representing Cardona, said in court papers that the settlement only involves borrowers and the Education Department.

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Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

Debt negotiation means your creditor has agreed to accept less than the full amount of your debt as payment– it also means debt collectors can’t harass you for your payments. Debt settlement with the wrong organization or a scam can destroy your credit. What do you need to keep in mind though?

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Freedom Debt Relief Sued for Misleading Consumers

Debt Free Colorado

Offers for debt settlement and debt repayment plans often sound too-good-to-be-true. government agency that makes sure banks, lenders, and other financial companies treat you fairly”, Freedom Debt Relief’s offers actually were too-good-to-be-true. settlement providers, by contacting your creditors directly.

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Chapter 7 Bankruptcy Timeline

Debt Free Colorado

Meet with an attorney to discuss your financial circumstances and options including debt settlement, repayment plans, Ch. Take your Debtor Education Course – Within 45 days of the 341 Meeting. Before your debts can be discharged, the court requires that you take a financial management course. Initial Consultation.

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DFPI marks success in implementation of the California Consumer Financial Protection Law

Collection Industry News

The DFPI investigations resulted in 49 public enforcement actions, $975,000 in restitution to consumers, $547,500 in penalties, and included several “first of its kind” actions for the DFPI in debt collection, student debt relief, earned wage access, and private post-secondary education financing. Regulatory Activities.

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How to File for Bankruptcy

Better Credit Blog

To help you better understand how bankruptcy works, we reached out to financial lawyers who specialize in guiding their clients through the process. Ad See how much you could save by consolidating your debt! . ” Finding The Right Lawyer. The first step to filing for bankruptcy is to find the right lawyer.