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Dealing With Debt From COVID-19

Debt Free Colorado

They will commonly reduce your interest rate which will result in a lower monthly payment, or wrap missed payments back into the loan which will bring you current. You can work directly with the mortgage lender on a loan modification, or reach out to the Colorado Foreclosure Hotline for free assistance. Student Loans.

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How To Remove Negative Items From Your Credit Report

Better Credit Blog

It’s smart to know how to remove negative items from your credit report, especially if you are soon to be applying for a mortgage or car loan. Whatever you’re dealing with, late payments, collections, charge-offs, or foreclosures, the following techniques can clean up your credit quickly. Foreclosures. Charge Offs. Bankruptcy.

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U.S. House Passes Comprehensive Debt Collection Improvement Act

Burr Forman

Prohibiting servicers of private education loans from reporting an adverse item of information relating to the nonpayment of the loan for an established period of time.

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Passage Of Debt Collection Bill Could Be A ‘Slippery Slope’ For Lenders

Collection Industry News

2547, the Non-Judicial Foreclosure Debt Collection Clarification Act, which would reverse the unanimous decision made by the Supreme Court of the United States (SCOTUS) in 2019. Require discharge of private student loans due to total and permanent disability. Clarify FDCPA coverage for non-judicial foreclosures.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

In its amicus brief, NASAA pushed back on Coinbase’s motion for judgment on the pleadings, which sought to dismiss the SEC’s case with a ruling that Coinbase has not listed investment contracts based on the existing facts. The rules also include servicers of these products subject to the act and licensure. For more information, click here.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

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. You may access this interactive tool at [link]. For more information, click here. On September 21, the U.S.

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10 Common Questions About Bankruptcy

Debt Free Colorado

A court judgment that states that a person is not required to pay back some debts is given to those who abide by the bankruptcy laws and are granted a discharge. Are you at risk of falling into foreclosure, being evicted, or having your utilities cut off? Do Bankruptcies Come in Different Types? What Can’t Bankruptcy Do?