Many of our clients are getting their feet back under them now from the bankruptcies and foreclosures of the past few years. In our efforts to help them improve credit scores, we often will see an old creditor which reports a debt inaccurately after its been sold or transferred to…
What happens to the original debt when a consumer files an unlawful debt collection lawsuit? Sometimes the creditor will file a counterclaim to force the underlying debt to judgment in an effort to turn the tide in favor of the debt collector. Fortunately, in the Middle District of Florida there…
One key difference in the foreclosure crisis versus the student loan bubble is that many believe there is no possibility of relief. That is something that we seek to change every day for our clients via affirmative lawsuits for discharge of what is really consumer debt as it was debt…
This week, Adam Walser of ABC Action News reports on the problem where licensed health care workers who are in default on their federal student loans are at risk of losing that license here in the State of Florida “Florida Board of Health Suspends Health Care Licenses Over Student Loan…
Generally, approval is needed from the bankruptcy court to take on any new debt in the form of a new federal or private student loan. This would include the filing of a refinance or even a consolidation application – as these are considered new loans. ECMC, the guarantor of FFEL…
Mark L. Due to client confidentially rules, I won’t post your full name. Amazingly, Mark answered our 1:48 pm. email within a record 7 minutes. Closely followed by another client Kari N., only two minutes later. Feels a bit like a horse race! The answer is: String theory for all…
You still need to pay your student loans when you are furloughed or else you risk a default. But if you are a federal employee, take this opportunity to ask your servicer to recalculate your IDR plan while you’ve got zero income!! Even if the shutdown ends next week, your…
When you are thinking about hiring a bankruptcy attorney, what should you consider? – besides all the regular stuff like client reviews, years of practice, cost, availability, knowledgeable, friendliness of attorney and staff etc. One thing to keep in mind is what other areas does that law firm handle and…
In what reads like a Student’s Bill of Rights, a 76 page Assurance of Voluntary Compliance, CEC must clearly and conspicuously disclose to prospective students a “Single-Page Disclosure Sheet” that contains the following information: the anticipated total direct cost for the program of study at the prospective campus; provided, however,…
Did you ever wonder why credit reporting agencies cannot correct an error? Even one that seems rather obvious to you? The reason is the elaborate mechanism created by the credit reporting industry is inherently flawed. This leads to inaccurate credit reports that lead consumers to paying too much for credit…