Sawin & Shea

JANUARY 12, 2022

Taxes that you owe to the federal or state government are sometimes dischargeable, and sometimes not. Student Loans. Most student loans are not discharged without filing a separate lawsuit in the bankruptcy asking for a court order declaring them discharged. Student loans can be particularly challenging.

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Student Loans 52

Collection Industry News

FEBRUARY 6, 2024

Unlike many Americans with crushing student loan debt, the 44-year-old father of three from Knoxville, Tennessee, thought his debt had been canceled. But when the pandemic-era hold on loan payments lifted, the hefty deduction popped up again on his balance. Or the government isn’t sure if it has. This year, on Jan.

Student Loans 40

Student Loans Student loans Education Government 40

Credit Corp

JULY 21, 2020

Government-backed loans, such as those through FHA , VA or USDA programs, tend to have the most forgiving credit requirements. For example, you can qualify for an FHA loan with a credit score as low as 580. In this situation, 43% of the person’s income is $1,505. What Kind of Credit Score Do You Need to Buy a House?

Loans 98

Loans Lender Student Loans Student loans 98

Credit Corp

JUNE 12, 2023

Credit Mix Lenders like to see that potential borrowers can balance multiple types of credit and loans simultaneously. A healthy mix of revolving credit and auto or student loans will help you maintain this higher credit score. The United States government has no laws that affect the number of credit cards per person.

Student Loans 97

Student Loans Student loans Credit Card Debt Loans 97

Katabat

MAY 3, 2021

Student Loan Program Facing a $500 Billion Hole? government’s $1.6 trillion student loan portfolio could be defaulted on. The article notes that the half trillion dollars of default would exceed what taxpayers lost on the saving-and-loan crisis 30 years ago. “Is the U.S. One Banker Thinks So.”.

Student Loans 52

Student Loans Student loans Debt collector Loans 52

Sawin & Shea

AUGUST 9, 2023

Including past-due mortgage or rent payments, car loans, student loans, personal loans, medical bills, payday loans , and lines of credit) If you’re just a few payments behind on a loan or credit card, and you can say with confidence that you can catch up, bankruptcy for credit card debt might not be the right answer for you.

Bankruptcy 52

Bankruptcy Credit Card Debt Collateral Lawyers 52

Better Credit Blog

DECEMBER 22, 2021

How Debt Consolidation Loans Work. A debt consolidation loan is a personal loan that can be used to pay off all of your debts, so instead of owing money to multiple sources, you will just have to pay back one lender with a monthly payment.

Debt Consolidation 65

Debt Consolidation Loans Lender Student Loans 65

The Kaplan Group

JANUARY 7, 2021

The economic downturn has not yet translated into elevated delinquency rates for consumer loans. Delinquency rates have trended down for credit cards and unsecured personal loans while ticking up modestly for auto loans.

Collections 59

Collections Collection Agencies Collections Agency Student Loans 59

Credits Inc

OCTOBER 26, 2019

The government has been listed as the top creditor that 16% of all debt collected by debt collection agencies in the US are government-related debts. government collection agency. Many people who want to start a business lack enough capital, and thus they opt to get a loan from creditors. Government Collection Services.

Collection Agencies 40

Collection Agencies Collections Agency Collections Debtor 40

Collection Industry News

MARCH 19, 2024

Bottom line: households took on more debt at the end of last year and we’re seeing loans increasingly going bad, according to data from the Federal Reserve Bank of New York, leading to a shift in consumer spending for 2024. million borrowers missed their student loan payment, equating to 40% of loan holders.

Consumer Credit 40

Consumer Credit Student Loans Student loans Collections 40

Debt Recoveries

OCTOBER 24, 2021

Whether you’re carrying credit card debt, personal loans, or student loans, one of the best ways to pay them down sooner is to make more than the minimum monthly payment. Doing so will not only help you save on interest throughout the life of your loan, but it will also speed up the payoff process.

Debt Consolidation 52

Debt Consolidation Debt collector Student Loans Student loans 52

Collection Industry News

FEBRUARY 25, 2024

Credit card delinquency rates also jumped — particularly among younger millennials, or borrowers between the ages of 30 and 39, who are burdened by high levels of student loan debt. Despite the steep cost, consumers often turn to credit cards, in part because they are more accessible than other types of loans, Schulz said.

Credit Card Debt 40

Credit Card Debt Student Loans Student loans Personal loans 40

Collection Industry News

MARCH 15, 2021

It has taken actions to collect data on a number of new industries, including debt relief and earned wage access providers, and has filed a cease-and-desist order against a student loan debt relief company charging borrowers exorbitant fees for the false promise of getting their student debt wiped.

Foreclosure 40

Foreclosure Student Loans Student loans Lender 40

Collection Industry News

NOVEMBER 13, 2023

Credit card delinquency rates also rose across the board, according to the New York Fed, but especially among millennials, or borrowers between the ages of 30 and 39, who are burdened by high levels of student loan debt. But that comes at the expense of other long-term financial goals, he added.

Credit Card Debt 40

Credit Card Debt Student Loans Student loans Loans 40

Collection Industry News

JUNE 1, 2023

The growing complexity of financial products, such as credit cards, mortgages, and student loans, has led to a surge in outstanding debts. Governments and regulatory bodies continually strive to strike a balance between consumer protection and enabling efficient debt recovery.

Collections 40

Collections Collection Agencies Collections Agency Debtor 40

Sawin & Shea

APRIL 10, 2024

Common types of dischargeable debt include: Credit card debt Medical debt Repossessions Judgements Evictions Unpaid phone bills Personal loans Unpaid utility bills What Debts Can I Not Discharge in Chapter 7 Bankruptcy? They cannot file for Chapter 7 bankruptcy if they’ve already filed within the past eight years.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Bankruptcy Debtor Unsecured Creditor 52

Troutman Sanders

MARCH 14, 2023

While many Buy Now, Pay Later borrowers use the product without noticeable indications of financial stress, the report finds that Buy Now, Pay Later borrowers will more likely become active users of other types of credit products like credit cards, personal loans, and student loans. government.

Financial services 52

Financial services Student Loans Student loans Loans 52

Troutman Sanders

MARCH 6, 2023

While many Buy Now, Pay Later borrowers use the product without noticeable indications of financial stress, the report finds that Buy Now, Pay Later borrowers will more likely become active users of other types of credit products like credit cards, personal loans, and student loans. government.

Financial services 52

Financial services Student Loans Student loans Loans 52