Spreading The Blame For The Student Loan Crisis
Student loan debt has become a familiar topic of conversation in the upcoming presidential election. However, this has also been a frequent topic in previous elections, with many promises being made, but eventually left undelivered. Student loan debt in this country exceeds both the accumulated amount of automobile finance debt and even exceeds the […]
Ten Mistakes Financially Stable Consumers Make Which Can Lead to Bankruptcy
The common misconception of the debtor in bankruptcy is an individual who was reckless in borrowing, and irresponsible in paying back their debts. While mismanagement and over-extension are present as causes in some bankruptcy cases, even the most well-intentioned consumers who have built up their credit and amassed a tidy savings can still wind up […]
Student Loans and Collection Agencies: A Match Not Made in Heaven
This site has already addressed several issues with respect to student loans, and collection agencies. However, a greater portion of student loan lenders are now utilizing private collection agencies to recover on defaulted student loan debt. This includes both private and governmentally guaranteed student loan debt, and collection agencies are eagerly seeking to undertake collection […]
White House Urges Congress to Address Treatment of Student Loan Debt in Bankruptcy
Acknowledging concerns by the public about the growing amount of student loan debt, the White House is urging Congress to reconsider the treatment of student loan debt in bankruptcy cases. To understand the importance of this push, it helps to address the history of student loan debt under the Bankruptcy Code. Student loan debt […]
Do’s and Don’t’s in Dealing with a Collection Agency
Even the most vigilant, conscientious consumers may have to deal with a collection agency at some point. It could be because a bill was overlooked at some point. It may be because the consumer disputed the debt, and refused to pay the original creditor. Or, it could be because the consumer is a victim of […]
STUDENT LOANS: THE GOOD, THE BAD, AND THE UGLY
Higher education has historically provided a financial advantage to American citizens. Studies have demonstrated that college graduates will earn significantly more over their lifetimes than workers who do not attend college. Consequently, the federal government has taken steps in the past to assist in making college affordable – whether directly through the GI Bill, or indirectly, by guaranteeing the loans made by private lenders.