Parent Plus loans continue to be a big problem. Not only are the consumers unable to pay the loans that were taken out for their children, they are continuing to not take advantage of plans that would allow them to pay less without hurting their credit. Case in point: (As…
How can a bankruptcy help reduce your student loan debt? We’ve been making great strides in obtaining student loan debt relief in bankruptcy lately. Most people think only of whether their student loans can be discharged in bankruptcy. Usually the answer is “no”. But that’s not where the focus…
This could easily be you! This is a word-for-word review posted this week by a satisfied student loan client: Christie Arkovich and her team changed my life for the better. I went to her stressed because I couldn’t afford my monster student loan payment any longer (and getting a deferment…
I’ve blogged about the new CFPB Consent Orders here, against both NCSLT and TSI which requires a halt to all collection activities for the vast majority of NCSLT trusts for private student loans, but what might it mean for pending bankruptcies? First, the Consent Orders require the payment of millions of…
Are you being sued by NCSLT as many of our clients are? You should be aware that the CFPB just entered an Order requiring NCSLT to halt collections per the NYT. The Consent Order is effective immediately although the Judgment itself still needs to be approved and signed by the…
First, don’t give up. You may have numerous defenses available – we are a law firm that helps student loan borrowers. Don’t let them get a default judgment against you where they can garnish 25% of wages and seize your bank accounts. Over 90% of these cases go to default…
Hurricane Irma has caused an interruption in income for many people in Florida and elsewhere. This information may be helpful for those who cannot make their mortgage or student loan payment when due: For those in a rehab agreement on federal student loans to avoid wage garnishment: Payments to Rehabilitate…
Debtors are presently denied the opportunity to participate in income driven plans in a Chapter 13 bankruptcy in most of Florida. Instead of allowing for an income based plan, the federal government places these loans in forbearance for the typical five year plan. Do you know what happens to a…
A national web based publication, The Dollar Stretcher.com, picked up our article “Could Student Loan Debt Derail Your Retirement“. We focused on sharing ways to avoid default and reducing student loan payments for Parent Plus loans. It’s a problem and one that is only recently getting attention. Too many parents…
There are limits as to when a student loan servicer can contact someone other than the borrower. They cannot call the borrower’s place of employment if the borrower asks them not to. They cannot robocall the borrower’s cell phone when the borrower asks them not to. They cannot discuss the…