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Judgment Loans Student Loans 
Account Recovery
MAY 5, 2025
Student Loan Collections Resume Today Judge Imposes $43M Judgment Against Owner of Debt Relief Company N.J. Appeals Court Affirms Dismissal of Hunstein Class Actions Bankruptcy Filings Continue to Climb, Rising 13.1%
147 
Account Recovery
MAY 19, 2021
The Federal Trade Commission has banned those behind a student loan debt relief scam from providing debt relief services as part of a settlement that the agency announced earlier this week.
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Operational Strength Starts with People: The New Rules of Finance Leadership
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Protect What Matters: Rethinking Finance Ops In A Digital World
Account Recovery
OCTOBER 11, 2021
Creates Student Loan Enforcement Unit appeared first on AccountsRecovery.net. Judge Awards Plaintiff $70k in Damages, Fees; Ed.
240 
Account Recovery
APRIL 29, 2022
Cancels More Student Loan Debt appeared first on AccountsRecovery.net. Judge Certifies Class in FDCPA Suit; Ed.
223 
Account Recovery
JUNE 24, 2022
Judge Rules for Defendant in FDCPA Case Over Dispute Response; Settlement Will Cancel $6B in Student Loans appeared first on AccountsRecovery.net.
241 
Account Recovery
MAY 18, 2022
Appeals Court Upholds Ruling for Call Center in Age Discrimination Case; Student Loan Debt Leads to Higher Chance of Heart Disease appeared first on AccountsRecovery.net.
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Account Recovery
JANUARY 17, 2025
The Consumer Financial Protection Bureau yesterday announced a settlement with the National Collegiate Student Loan Trusts (NCSLTs) to resolve allegations of defective debt collection practices. If approved by the court, the stipulated judgment will require the NCSLTs to provide $2.25
130 
Account Recovery
APRIL 19, 2024
The Federal Trade Commission has announced a settlement with the final defendant and “ringleader” of a student loan debt relief scam that bilked consumers out of nearly $9 million that will see the individual permanently banned from the debt relief industry and required to turn over assets to satisfy a $7.4
130 
Account Recovery
AUGUST 16, 2023
Judge Recommends Denying Plaintiff’s Motion for Default Judgment Judge Dismisses Suit Challenging Student Loan Forgiveness Plan Majority of Americans Still Living Paycheck-to-Paycheck: Report 22 Companies Seeking Collection Talent WORTH NOTHING: Patients don’t appear to have any problems allowing AI into the examination room … A 13-year-old (..)
130 
Account Recovery
FEBRUARY 23, 2024
Complaint Accuses Collector of Filing Suit After Debt Had Been Paid Judge Denies Competing Summary Judgment Motions in FDCPA Case Over BK Encore Capital Reports Net Loss for 2023, but Says 2024 is Shaping Up to be a Banner Year Ed. More in Student Loans State Raises Nearly $23,000 for Special Olympics […] Cancels $1.2B
147 
Account Recovery
AUGUST 1, 2024
Judgment Ed. Begins Next Round of Student Loan Debt Forgiveness Plan Healthcare Consumers Place High Value on Communications, Most Will Switch if Expectations Are Not Met WORTH NOTING: Scientists are looking to rename 200 species of plants because […]
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Account Recovery
JANUARY 16, 2024
Collector Facing Class-Action For Sending Email to Plaintiff, 26 Others Judge Denies Competing Summary Judgment Motions in FCRA Case Over Dispute Investigation Student Loan Servicer Fined $1.8M
147 
Account Recovery
JULY 24, 2024
Industry Mourns Passing of Eric Foulk Judge Denies Competing Summary Judgment Motions in Case Over Whether Consumer Disputed Debt Teachers’ Union Sues MOHELA For Allegedly Mismanaging Student Loan Collections 23 Companies Seeking Collection Talent WORTH NOTING: Inside the 78 minutes that took down millions of Window’s computers last week … (..)
130 
Account Recovery
FEBRUARY 27, 2023
The Court of Appeals for the Tenth Circuit has upheld a ruling in favor of a defendant that was sued for obtaining a default judgment and garnishing the plaintiff’s wages after he defaulted on a student loan debt, by falsely claiming he was the victim of identity theft and claiming the defendants lacked standing to … The post Appeals Court (..)
130 
Credit Corp
JUNE 3, 2020
A judgment is an order issued by a court of law. If they are successful, the court issues a judgment against you. What Happens After a Judgment Is Entered Against You? The court enters a judgment against you if your creditor wins their claim or you fail to show up to court. What Is a Judgment on Property?
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Account Recovery
AUGUST 23, 2024
The background: The plaintiffs claimed that the defendants attempted to collect student loans in violation of the FDCPA and New York state law. The plaintiffs alleged that the defendants used fraudulent means to collect debts that were too old to be legally enforceable.
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ABI
JANUARY 12, 2022
Generally, student loan debt will not be discharged in a case under title 11 of the United States Code (the “Bankruptcy Code”) unless there is a showing of “undue hardship on the debtor and debtor’s dependents.” 7] The debtor disagreed and filed a cross motion for Summary Judgment. [8]. as provided by section 523(a)(8). [1]
Troutman Sanders
APRIL 2, 2021
The Sixth Circuit recently confirmed student loan servicers, who begin servicing debts after default and resale, are not liable to borrowers under the Fair Debt Collection Practices Act (FDCPA) because the servicers are not acting as “debt collectors.”. the Sixth Circuit affirmed summary judgment for student loan servicer Nelnet, Inc.
Better Credit Blog
APRIL 2, 2022
Whether you’re making a big purchase or just refinancing some existing debt, a personal loan could help. But comparing loan options could take days — unless you use an online marketplace like Fiona which lets you compare personal loan offers side by side within minutes. How Fiona Loans Work. Fiona Loan Fees.
Collection Industry News
AUGUST 8, 2022
15 provides the Private Student Loan Collections Reform Act, which is contained in Sections 1788.200 to 1788.211. Section 1788.203 requires all settlement agreements between a private education lender or private education loan collector and a debtor to be documented in open court or otherwise reduced to writing. Title 1.6C.15
Credit Corp
MAY 17, 2021
Federal Student Loan Debt: No. Your stimulus payment won’t be used to offset student loan debt if it’s a federal loan. This is not necessarily true for private student loans, though. Delinquent Loan Debt: Yes. The same is true for any type of loan or other delinquent debt.
105 Credit Corp
MAY 30, 2023
A judgment is an order issued by a judge or jury to settle a lawsuit. In this case, the judge may order you to pay the other party as part of the court’s final judgment. The order can be issued in one of two forms: A monetary judgment: A judgment that orders one party to pay the other party a specific amount of money.
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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.
Collection Industry News
JUNE 20, 2022
On June 9, the CFPB filed a complaint and proposed order in California federal district court seeking final judgment against the owner of a student loan debt relief company for allegedly withdrawing more than $240,000 from the bank accounts of student borrowers without authorization.
Better Credit Blog
MAY 12, 2022
In my recent experience, it’s not hard to remove judgments from your credit report as long as you follow the proper steps. Many readers assume it’s impossible to have the credit bureaus remove civil judgments because they involve the court system. It’s still possible you could see a judgment pulling down your credit score.
71 ABI
JANUARY 12, 2022
In general, student loan debt is not dischargeable in a case under title 11 of the United States Code (the “Bankruptcy Code”) unless there is a showing of undue hardship. A court will typically consider a debtor’s potential for future employment in determining whether student loan debt may be discharged.
Collection Industry News
NOVEMBER 16, 2021
by facilitating payments related to an unlawful student loan debt relief scheme. million judgment that will remain suspended as long as the payment processor pays $500,000. Under the stipulated order, the payment processor is enjoined from providing payment processing services for any debt relief company.
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.
PBWT
JULY 1, 2021
Judge Harner explained that “[a]lthough the Bankruptcy Code[] reflects Congressional intent to provide debtors with as broad of a discharge as possible, Congress has expressly excepted [student loan] debt from the bankruptcy discharge.” § 523(a)(8) should be read to permit a partial discharge of student debt.
Sawin & Shea
JULY 28, 2021
Civil court judgments (not counting anything that was based on fraud). Personal loans: Although your family or friends who helped you out will not be thrilled to hear this, these are discharged. Personal loans: Although your family or friends who helped you out will not be thrilled to hear this, these are discharged.
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Account Recovery
OCTOBER 7, 2024
As the court observed, the percentage of the law firm’s business devoted to collections had little bearing on whether it “regularly” collected debts on behalf of another and the lack of record evidence bearing on that point was no grounds for granting the law firm summary judgment. Read on to hear what the experts have to say this week.
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Credit Corp
MAY 19, 2021
If you owe money and don’t pay it, a creditor typically has to get a judgment to be able to force the collection. Judgments must be filed in the state where you reside. However, if a judgment is already filed, it can diminish your ability to move until you resolve the debt. According to S.
105 
Sawin & Shea
MAY 5, 2021
You can keep such secured loans as your vehicle or house as long as you keep making payments on them. All other unsecured debts, like credit card debt, medical debt, and student loans, will be part of your payment plan. We are committed to providing compassionate and non-judgmental representation to all of our clients.
TCPA
DECEMBER 11, 2020
The Eleventh Circuit recently affirmed the entry of summary judgment in favor of a student loan servicer and its affiliate, finding that their nearly 2,000 calls did not violate the TCPA because the plaintiff had renewed his consent by submitting … Continue reading →
True Accord
JULY 9, 2024
Mortgage and auto loan balances continued climbing, increasing to $12.44 trillion, but new delinquencies rose with nearly 9% of credit card balances and 8% of auto loans transitioning into delinquency. The verdict is still out on how those with student loans are faring with resumed payments. trillion and $1.62
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Credit Corp
JUNE 8, 2023
When you borrow money, whether through a revolving account, like credit cards , or an installment account, like an auto loan or student loan , the information is gathered by the credit bureaus. When you apply for a loan or card, the bank or issuer may look at just your credit score or at your entire credit file.
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Nerd Wallet
OCTOBER 8, 2020
You might need to request a professional judgment from your school if your current finances are not accurately reflected on your financial aid application. When you submit the Free Application for Federal Student Aid, or FAFSA, your prior-prior year tax information is pulled into the application. Email: anna@nerdwallet.com.
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Public Citizen
OCTOBER 24, 2020
In addition, the Symposium welcomes discussion over the recent decision by the Uniform Law Commission to address debt collection efforts by third-party debt collectors or buyers based on default judgments.
Credit Corp
DECEMBER 14, 2020
Whether you have medical debt, credit card debt or unpaid student loans , getting calls or letters from debt collection companies can be frustrating. This is because they know that most borrowers who are sued for old debts won’t show up in court, and the judge will issue a default judgment.
Troutman Sanders
NOVEMBER 15, 2022
District Court for the District of New Hampshire granted the Securities and Exchange Commission’s (SEC) motion for summary judgment against blockchain-based, file-sharing platform LBRY. In its summary judgment motion, the SEC argued that LBRY’s public offering of its native token LBC constituted an unregistered sale of securities.
Sawin & Shea
MAY 19, 2021
Pay any bills that weren’t discharged at the time of your bankruptcy (such as student loans) on time. We are committed to providing compassionate and non-judgmental representation to all of our clients. Don’t put anything on a credit card that you can’t pay back in full each month when the bill comes. The Good News.
Sawin & Shea
JANUARY 18, 2023
The debts that you’ll be able to discharge with Chapter 7 bankruptcy include: Medical debts Credit card debts Majority of auto accident claims Personal loans Business debts Past-due rent debts Past-due utility debts Majority of attorney fees Majority of civil court judgments Old tax penalties and some unpaid taxes Repossession deficiency charges Collection (..)
Sawin & Shea
MARCH 30, 2021
We are committed to providing compassionate and non-judgmental representation to all of our clients. This usually occurs 20-40 days after your petition is filed. At Sawin & Shea LLC , we understand that hiring an attorney to help you file bankruptcy is scary. We are here to help.
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Collection Industry News
MARCH 14, 2022
In its ongoing lawsuit against the National Collegiate Student Loan Trust (NCSLT), the Consumer Financial Protection Bureau (CFPB) has asked a federal court to deny the NCSLTs petition to appeal an earlier decision that would allow them to be considered “covered persons”. Source- site.
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