We’ve been spending quite of bit of time lately researching all the ins and outs of Public Service Loan Forgiveness (“PSLF”). One of the issues that has caught our attention is the failure to communicate to FFEL borrowers the need to consolidate their loans to the newer Direct loans and…
If you have a few minutes to add your comments, every little bit helps. Education Secretary Betsy DeVos has announced that the U.S. Education Department is reconsidering rules adopted last year to protect students and to prevent fraud by for-profit schools. The rules give students a path to relief from…
I ran across a pretty helpful newsletter the other day with good tips about how to manage your debt. It’s called The Dollar Stretcher. At this link, there is a pretty helpful guide as to determining how much debt may be too much and what to do about it. It’s…
Unfortunately, some people feel they have no way out when it comes to their student loans. These are usually folks who have tried their best to pay for 10 or more years and are no further along than when they started. Most feel the debt will haunt them for their…
The word “household” appears in over a dozen sections of the Bankruptcy Code, but it is not defined in the Code. Household income and size are extremely important in bankruptcy and determine whether someone qualifies for a Chapter 7 or the length and amount of a plan payment in a…
Florida, Georgia and Alabama consumers need not worry about a recent case out of the Second Circuit, Reyes v. Lincoln Automotive Financial Services, (2nd Cir. June 22, 2017) that held today that if the contract allows for robocalls, you can never revoke consent to call under the Telephone Consumer Protection…
“Ten Years of Garnishment Down the Drain”: In this series of Real Life Examples, I would like to highlight a potential client who came to us after ten years of wage garnishment at $400 a month. They were upset that the loan balance had not gone down at all, but…
The Wall Street Journal reported today that the current administration intends to roll back some of the protections put into place by the Obama administration such as the gainful employment rule. This will enable hundreds of for-profit schools to remain open that were at risk of closing. Not sure if…
“The Lost Ten Years”: Sometimes I get a little focused on the more unique and “outside the box” solutions that I tend to blog about, and I forget that little things are just as important to obtaining the right result. So I hope to publish a series of Real Life…
For anyone who reached out to file a comment with the FCC as we requested, we thank you. The FCC received over 10,000 comments filed by consumers opposing ringless voicemails, plus actions were filed against this change in the law by the Attorney Generals in NY, MA and Kentucky. A…