Consumer Finance

APRIL 28, 2022

Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed order to resolve its allegations that Performance SLC, a student loan debt relief business, and Performance Settlement, a general debt-settlement company, along with their owner and CEO, Daniel Crenshaw, engaged in wrongful fee-charging practices and deceptive telemarketing.

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Student loans Student Loans Debt settlement Loans 90

Troutman Sanders

JANUARY 20, 2022

On January 13, a coalition of 39 state attorneys general — led by AGs from Pennsylvania, Washington, Illinois, Massachusetts, and California — reached a settlement with student loan servicer Navient over allegedly unfair, deceptive, and abusive student loan origination and servicing practices.

Student loans 52

Student loans Student Loans Loans Lender 52

Debt Free Colorado

APRIL 9, 2020

So far the offers have been vague, the most likely concessions will be for your lenders on your home and cars to allow you to move a monthly payment to the end of the loan and for credit cards to temporarily reduce your interest rate. There are more tools for dealing with your mortgage than any other type of loan. Student Loans.

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Student loans Student Loans Chapter 13 bankruptcy Chapter 7 bankruptcy 81

Credit Corp

MARCH 16, 2021

You have a habit of exhausting your credit limit quickly Whenever you are short of cash, you tend to take out a high-interest loan. You got married or had a sudden medical emergency for which your debt went out of your control. How to Control Your Debt Yourself. What kind of debts do you have? Opt for Debt Settlement.

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Collection Industry News

MAY 16, 2022

According to the complaint, the defendants, a student loan debt relief business and a general debt-settlement company, along with their owner and CEO charged illegal upfront fees and deceived customers into paying for debt relief services in violation of the Consumer Financial Protection Act (CFPA) and Telemarking Sales Rule (TSR).

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Debt settlement Student loans Student Loans Loans 40

Titan Consulting

AUGUST 23, 2020

Filers can typically retain the home and vehicle as long as you make payments on the loan. Bankruptcy does not generally discharge debts associated with child support, alimony, tax obligations, or student loan debt. Federally managed student loans received an automatic six-month payment waiver.

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 86

Credit Corp

JUNE 1, 2021

Established credit history can impact everything from getting a future loan (such as a mortgage) to renting an apartment. Monthly expenses might include student loan payments, car payments, and credit card payments. Pay Student Loan Debt. Some Millennials may want to look into loan consolidation.

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Student loans Student Loans Loans Credit Card Debt 74

Sawin & Shea

AUGUST 24, 2020

Whether or not you file for bankruptcy also depends on the kind of debt you have. Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt.

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Debt collector 98

Better Credit Blog

APRIL 11, 2022

Debt is the amount of money you owe to a lender or creditor. Some examples of debt are mortgages, credit card dues, and personal loans. Although accruing lots of debt isn’t ideal, it may sometimes be unavoidable, such as mortgage payments or student loans. What Are the Strategies to Get Out of Debt?

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Debt Consolidation Debt settlement Credit Card Debt Lender 74

Better Credit Blog

MAY 4, 2022

You can even lower the total amount you have to repay if your debt consolidation method offers a lower interest rate. There are several ways to consolidate debts. In this guide, we’ll walk you through your options and show you how debt consolidation could simplify your repayments and save you money. Monthly Payment.

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Debt Consolidation Consolidate Debt Personal loans Loans 70

Collection Industry News

MAY 3, 2022

If entered by the court, the judgment would ban Performance SLC permanently from debt relief services and ban Crenshaw from debt relief services for five years. It would also ban Performance Settlement from certain loan-settlement and lead-generation activities. The three defendants are based in California.

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Student loans Student Loans Personal loans Loans 40

Credit Corp

JULY 10, 2023

Start by gathering all your financial statements and creating a comprehensive list of your debts. This includes credit card balances, student loans, medical bills, and other outstanding obligations. Step 3: Avoid Any New Debts It might sound obvious but avoiding new debts can help greatly.

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Student loans Student Loans Loans Personal loans 72

Troutman Sanders

FEBRUARY 21, 2024

On February 15, the CFPB published a blog recounting its action against a student loan debt relief business and a debt-settlement company. The CFPB alleged that the defendants charged thousands of consumers with federal student loans approximately $9.2 For more information, click here.

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Financial services Student loans Student Loans Financial Institution 52

Debt Guru

JANUARY 27, 2021

What types of debts can I lump together in a DMP? Unsecured debts, such as credit cards, store cards and personal loans, can be part of your DMP. Secured debts, like your mortgage or car payments, aren’t covered. Student loans aren’t covered, either. What are other options to help me get out of debt?

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Debt Management Unsecured Debt Debt Consolidation Creditors 52

Better Credit Blog

JANUARY 20, 2022

It was for a PMSI loan for an outdoor wood burning furnace. I had to make my own payment arrangements with the debt collector so that we could keep our furnace. I also have solar panels with FDR; fortunately for me that is an unsecured loan, so they can help with that one.” – Laura Whipple, 4-star review, TrustPilot.

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Creditors Credit Card Debt Unsecured Debt Debt settlement 76

Debt Free Colorado

DECEMBER 23, 2024

Credit cards, medical bills, and personal loans make up most unsecured debt that bankruptcy can eliminate. These debts have no collateral, so creditors cannot take your property without going to court first. Late utility bills also count as unsecured debt. Some debts stay with you even after bankruptcy.

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Unsecured Debt Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy 52

Sawin & Shea

MAY 2, 2024

If you qualify for Chapter 7 bankruptcy, our attorneys can guide you through the process of eliminating unsecured debts, such as credit card balances, medical expenses, and personal loans, within a matter of months. However, certain debts like child support, alimony, and other domestic support obligations cannot be eliminated.

Bankruptcy 52

Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Debt Free Colorado

DECEMBER 7, 2016

Meet with an attorney to discuss your financial circumstances and options including debt settlement, repayment plans, Ch. Debts Discharged – No sooner than 60 days after your 341 meeting, but not until the debtor education certificate is filed and court filing fees are paid. Initial Consultation. 13 bankruptcy.

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Chapter 7 bankruptcy Bankruptcy Student loans Student Loans 40

Collection Industry News

MARCH 28, 2022

The Department has also begun licensing debt collectors. Proposed registration includes debt settlement services, student debt relief services, postsecondary education financing, and wage-based advances. Research and Market Monitoring.

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Collection Industry News

DECEMBER 1, 2022

The most common types of debt that go to collections are credit card balances and medical bills , but there are many other reasons why people go into debt. Rent, student loans and tax debts are other examples of what can get passed on to a collections agency. million cases to 4 million cases nationwide.

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Collection Agencies Collections Agency Credit Card Debt Collections 40

Troutman Sanders

APRIL 19, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The company was operating without registering as a debt settlement service provider as required by Minnesota law.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Troutman Sanders

NOVEMBER 15, 2022

Prop 209 critics argue that its provisions are overly broad and will likely have a chilling effect on creditors’ willingness to issue loans to Arizona consumers in the future. On November 7, Massachusetts Attorney General Maura Healey announced a settlement with payment processing company Global Holdings LLC (Global).

Financial services 52

Financial services Student loans Student Loans Trade 52

Troutman Sanders

JULY 26, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. For more information, click here. On July 16, Massachusetts Attorney General Healey issued a press release that “the U.S.

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Financial services Student loans Student Loans Garnishment 52