Are you a slave to your private student loans? We have client after client coming to see us with huge private student loans that are not going away, despite years of throwing money at them. In fact, in most cases, the balances are larger, sometimes double what they used to…
Have you just learned you’re being sued by one of these companies? National Collegiate Student Loan Trust CACH LLC Midland Credit Management Portfolio Recovery Associates Sherman Acquisition West Asset Management NCO Portfolio Transworld Cavalry Portfolio These companies have probably purchased debt that you may or may not owe. There are…
ABC Action News ran a story about a Tampa student loan borrower tonight for whom we just filed an adversary lawsuit in bankruptcy court seeking an undue hardship. Unfortunately he was duped into what is now $164,000 worth of student loans for a worthless degree from IADT. Worst decision of…
Highlighting a case where we obtained full student loan forgiveness of nearly $70,000 for an elderly client who had helped her son through school, ABC Action News interviewed our client and me today. The debt collectors wanted $700 a month in payments and were harassing her to make her payments.…
In my continued efforts to help student loan borrowers understand why hiring a student loan attorney is a good idea, I’d like to post some of the cases we are working on this week. Some of these are a little out of the ordinary and I’m hoping that other potential…
Tax Relief for Certain Students Whose Education Loans Were Discharged: The IRS has announced that taxpayers, who took out Federal student loans to finance attendance at schools owned by Corinthian Colleges, Inc., and whose loans were discharged under the Department of Education’s Defense to Repayment or Closed School discharge processes,…
The Washington Post reported yesterday that the latest congressional budget deal includes a provision to let companies collecting federal student loans (or other debts guaranteed by the government) call cellphones using auto-dialers. The purpose of the bill is to increase communications in an attempt to keep more student loan borrowers current in their debt.…
New signs of trouble for student loan borrowers BY SETH FROTMAN Earlier this year, we asked you to share your stories about student debt stress. More than 30,000 of you responded, telling us that student loan servicers (the companies that send you a bill each month) can make it harder to manage your…
In our Florida student loan law practice, we see everyday the nightmarish situations our former students have gotten themselves into. One this week has me researching the differences between national versus regional accreditation. I’ve been a lawyer for 20 plus years and I hadn’t even known what this meant. My…
Revocation of Consent One of the pressing issues in pending litigation under the Telephone Consumer Protection Act (TCPA) is whether a consumer can revoke consent to receive calls on a cell phone. The TCPA requires prior express consent before a consumer can be contacted on a cell phone using an…