Account Recovery

APRIL 7, 2022

As expected, the federal government yesterday announced that it was extending the moratorium on making student loan payments for an additional four months — to August 31 — but added in an extra wrinkle that will impact those in the accounts receivable management industry: The 7 million borrowers who are in default on their student … (..)

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Account Recovery

OCTOBER 17, 2022

While the federal government still works out all the kinks related to its plan to forgive student loan debt for individuals, the rest of the country is already moving on to the next type of debt they want to see forgiven — medical debt.

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Account Recovery

MAY 31, 2022

There are more than 7 million individuals who have defaulted on their federal student loans, and the current moratorium on making student loan payments is those individuals’ best shots at getting back in good standing, especially with published reports indicating that another extension of the moratorium is likely and that the federal government (..)

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Account Recovery

APRIL 6, 2022

The White House is expected to announce as soon as today that it will once again extend the moratorium on student loan payments, this time pushing the deadline out another four months to August 31.

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Account Recovery

FEBRUARY 16, 2022

The Department of Education has announced it will suspend the seizure of tax refunds, Social Security payments, and other government payments to collect on defaulted student loans through November. Will Not Use Tax Refunds, Social Security to Collect on Defaulted Student Loans Until November appeared first on AccountsRecovery.net.

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Account Recovery

AUGUST 17, 2021

A pair of national consumer advocacy groups are calling on the federal government to cancel student loan debts “across-the-board” as a means of helping individuals improve their financial futures, after analyzing more than 400,000 loans being serviced by Navient.

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Account Recovery

AUGUST 26, 2022

The federal government, noting it has “a responsibility to set the standard for how medical debt is treated,” announced yesterday that it is instructing its agencies with direct loan and guarantee programs to “wherever possible” reduce the impact of medical debt when making underwriting decisions.

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Account Recovery

JUNE 22, 2022

Bill Introduced to Prohibit Student Loan Cancellations; Court Certifies Class in ADA Suit Over Site’s Inaccessibility appeared first on AccountsRecovery.net.

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Account Recovery

APRIL 15, 2024

The federal government announced on Friday that it had approved an additional $7.4 billion in student loan debt relief for nearly 300,000 borrowers, many of whom were signed up for the administration’s new income-driven repayment program.

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Student Loans Student loans Loans Government 147

Account Recovery

JUNE 15, 2021

Richard Cordray, the former Director of the Consumer Financial Protection Bureau who is now running the federal government’s student loan program, sat down for an interview with the Washington Post that was published a few days ago.

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Student Loans Student loans Loans Government 147

Account Recovery

AUGUST 24, 2023

The Department of Education, along with the federal government, yesterday announced it had launched its updated income-driven repayment application tool for individuals with unpaid student loans, a tool that could help reduce the student loan payments for up to 30 million borrowers.

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Account Recovery

AUGUST 26, 2022

FEDERAL GOV’T INSTRUCTS AGENCIES TO REMOVE MEDICAL DEBT FROM LOAN UNDERWRITING FACTORS Government agencies that make decisions about lending or guaranteeing loans must remove medical debt from their underwriting criteria, according to a memo issued yesterday by the White House Office of Management & Budget.The government said this is the (..)

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Qualco

NOVEMBER 5, 2024

This e-Guide discusses how creditor organisations can go about building the skills and competencies within their own workforce to enable better governance, compliance, and credit management. However, in a small number of credit businesses, the right strategies for systems and people have not been set. Download it here.

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Account Recovery

OCTOBER 20, 2021

Debt collection, student loan debt relief, payday loans, and government impersonators are just a few of the categories highlighted in a Federal Trade Commission report that analyzes the regulator’s effort at addressing fraud and consumer issues that are affecting communities of color, which was released earlier this week.

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Student Loans Student loans Trade Government 246

Account Recovery

SEPTEMBER 8, 2021

The Consumer Financial Protection Bureau yesterday announced an enforcement action against an income share agreement provider that was accused of misrepresenting its product and failing to comply with federal law governing private student loans.

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Account Recovery

AUGUST 7, 2023

A lawsuit was filed on Friday by the New Civil Liberties Alliance against the federal government, seeking to block a plan that would forgive $39 billion of student loan debt, claiming the violates the Appropriations Clause of the Constitution because only Congress has the authority to cancel debts owed to the Treasury Department.

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Credit Corp

MARCH 12, 2025

Whether you are facing unexpected costs or you simply need extra financial support, personal loans are a viable option that many people rely on. adults have an unsecured personal loan as of the third quarter of 2024. So, you’re not alone in wondering how to apply for a personal loan. In fact, 24 million U.S.

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Account Recovery

JULY 8, 2024

The Federal Trade Commission has taken action against a student loan debt relief scheme that is accused of fraudulently extracting more than $20.3 This marks the first case brought under the FTC’s new Impersonation Rule, which went into effect in April and aims to combat scams involving the impersonation of government agencies […]

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Credit Corp

DECEMBER 10, 2020

If you’re on the hunt for a mortgage, you might want to consider a conventional loan. But there are a ton of different types of conventional loans, so which is the right one for you? We’re here to break down conventional loans so you can decide if it’s the right choice for you. What Is a Conventional Loan?

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Account Recovery

JULY 3, 2023

The Supreme Court — in a 6-to-3 vote — on Friday struck down a plan from the Biden Administration to cancel as much as $20,000 in student loans for borrowers making under $125,000 a year, saying that the federal government exceeded its authority with the plan, saying that under the government’s interpretation of the Higher […] (..)

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Nerd Wallet

DECEMBER 16, 2021

The article How the Government's Response to Inflation Could Help Savers originally appeared on NerdWallet. Wednesday, the Federal Reserve announced steps to take action. High inflation imposes. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com. Twitter: @SAFmedia.

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FFGN COLLECT NY

NOVEMBER 17, 2024

Because Lindell’s companies defaulted on payments, suits were filed in New York alleging MyPillow-related entities and Mike Lindell as a personal guarantor defaulted on the loans. Sometimes businesses that do not qualify for traditional loans look for alternative forms of funding. We will have to wait and see.

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Nerd Wallet

DECEMBER 21, 2020

Chuong, 26, from Seattle, refinanced roughly $55,000 in federal student loans with a private lender in February. A month later, the government suspended most federal loan payments interest-free until September. Chuong’s new loan doesn’t qualify. The article Should You Refinance Part of Your Student Loans?

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Student Loans Student loans Loans Lender 113

Credit Corp

AUGUST 4, 2020

Grants, scholarships and government programs can all be used to aid your pursuit of higher education. Student loans, including private and federal loans , are also commonly used to fund college. If you’re ready to find the right loan for you and your unique financial situation, we’ve got you covered.

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Loans Student Loans Student loans Government 96

Qualco

NOVEMBER 26, 2024

This e-Guide discusses how creditor organisations can go about building the skills and competencies within their own workforce to enable better governance, compliance, and credit management. However, in a small number of credit businesses, the right strategies for systems and people have not been set. Download it here.

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Loans Credit Management Creditors Government 89

Hudson Weir

OCTOBER 18, 2024

You may well know what an intercompany loan is… But do you know what can happen if the borrowing company becomes insolvent, or enters liquidation? An intercompany loan can provide a quicker and less expensive way for a business to borrow funds. What is an intercompany loan?

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Nexa Collect

JUNE 27, 2023

Recovering unpaid student loans is a systematic process. Just like mortgage recoveries, the steps can vary depending on the jurisdiction and the terms of the loan. Offset Tax Refunds and Government Benefits : For federal student loans in the U.S., This can affect the borrower’s credit score.

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Nerd Wallet

OCTOBER 7, 2020

Student loan forgiveness isn’t easy to get even if you qualify for one of several existing federal programs, including: Public Service Loan Forgiveness: Make 10 years’ worth of payments (120 months) while working for the government or a nonprofit to qualify for tax-free forgiveness on the remainder of your debt.

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Student Loans Student loans Loans Government 95

Nerd Wallet

JULY 8, 2022

Small Business Administration, or SBA, loans are a great option for many business owners. Backed by the federal government, these loans offer a combination of flexible terms and reasonable costs for business owners who meet the SBA’s qualification criteria. However, there are some drawbacks to SBA loans.

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Fraser

AUGUST 29, 2022

On Wednesday, August 24, President Biden announced that the federal government will extend the current pause on monthly student loan payments, which means that borrowers will not have to resume making payments until at least January. The post President Biden Announces Student Loan Forgiveness first appeared on Fraser Blog.

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Student Loans Student loans Loans Government 16

Credit Corp

OCTOBER 31, 2021

If you feel burdened under the weight of student loan debt, you’re not alone. In 2019, the average student loan debt total per person was more than $31,000. The good news is that you may be able to get part or all of your student loans forgiven. Here’s how to challenge student loans and how to get your student loans forgiven.

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Student Loans Student loans Loans Garnishment 98

Debt

MAY 3, 2021

The rules governing repayment of federal student loans contain so many nooks and crannies that it shouldn’t come as a surprise that you may have missed one created during the COVID-19 Emergency Relief program. In addition to the well-publicized rule that no payments are necessary on Direct Federal Student Loans until at least Sept.

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Student Loans Student loans Loans Government 98

Credit Corp

AUGUST 25, 2020

As of early 2020, student loan debt in the nation had reached more than $1.5 More than 44 million individuals have student loan debt, and the average person with student loans owes a bit over $32,000—which is more than half of the average household income in the United States. Looking for a Student Loan? Student Loans.

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Credit Corp

MARCH 21, 2023

million Americans have student loan debt, which totals over $1.7 If you owe tens of thousands of dollars in student loan debt, you’re not alone. million Americans have some form of federal or private student loan debt. Not only can you not declare bankruptcy on many forms of student loan debt, but it can also harm your credit.

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Nerd Wallet

AUGUST 3, 2020

Federal student loan borrowers haven’t had to make payments since March. But without continued government intervention, those unable to pay can expect long waits for help come October when bills are scheduled to restart. The article Student Loan Borrowers: Don’t Wait on Congress for More Relief originally appeared on NerdWallet.

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Fraser

APRIL 30, 2021

On April 19, 2021, the Michigan Department of Treasury issued a notice (the “Notice”) announcing Michigan’s conformity to the federal income tax treatment of loans (“PPP Loans”) issued under the Paycheck Protection Program. He can be contacted at 517.377.0861 or pmccord@fraserlawfirm.com.

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UK debt collections

JULY 22, 2021

The UK’s leading High Street banks are strengthening their Debt Collection teams ahead of the emergency covid loan defaults. It is expected there will be a tidal wave of defaults on the loan repayments as Businesses struggle to cope in the aftermath of the pandemic.

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