Matt Taibbi of the Rolling Stones just published a very enlightening piece “The Great College Loan Swindle” today. He explains just how universities, banks, and the government turned student loan debt into America’s next financial bubble — or as a client called it this week a “nightmare”. He highlights a student…
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…
Our firm was instrumental in the filing of several class actions in Florida against Navient and Great Lakes for our clients who believed they were accruing time toward public service loan forgiveness — when it turns out their loans were not eligible. The kicker is all they needed to do…
One of the best ways of getting information out to the general public has been our blog. It helps to get the word out on what consumers should be doing to help their financial future. Topics have been on things that our law firm has helped clients in the past…
Look carefully and you’ll see our office cat amongst all the cobwebs and spiders. Somehow Chloe is putting up with all this. Not sure I would if I were her…. (thanks to Angie and Sandra for all the great decorating ideas!) Happy Halloween everyone!
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…
All debtors must appear at a meeting called the “341 meeting of creditors”. Creditors may, but usually do not appear, and it is the Trustee asking most of the questions. This 341 must occur for a bankruptcy to be successful and applies in both a Chapter 7 and 13. The…
After experiencing the dreaded foreclosure or bankruptcy, you might worry that mortgage lenders will reject you when you attempt to buy another home. Anxiety over, “Will they think it’ll happen again and not give me a chance?” is perfectly logical. Luckily, you have no need to worry. Buying a home…
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…