Account Recovery

AUGUST 31, 2022

billion of student loans for all of the 79,000 individuals who attended Westwood College between 2002 and 2015, ruling that the school “engaged in widespread misrepresentations about the value of its credentials for attendees’ and graduates’ employment prospects.”

Loans 246

Loans Student loans Student Loans Education 246

Consumer Finance

APRIL 16, 2024

The CFPB issued an order against BloomTech and its CEO for deceiving students about the cost of loans and making false claims about graduates’ hiring rates.

Loans 143

Loans Student loans Student Loans Collections 143

Account Recovery

FEBRUARY 21, 2022

The Consumer Financial Protection Bureau has launched another flare into the night sky, this time warning student loan servicers about making sure they are not making misrepresentations or making deceptive statements with respect to the Public Service Loan Forgiveness program, which offers individuals the opportunity to have their student loan debts (..)

Student loans 245

Student loans Student Loans Loans 245

Consumer Finance

MARCH 30, 2022

The Consumer Financial Protection Bureau (CFPB) today sanctioned Edfinancial Services, a student-loan servicer, for making deceptive statements to student loan borrowers and misrepresenting their forgiveness and repayment options to them.

Student loans 131

Student loans Student Loans Loans 131

Nexa Collect

JUNE 26, 2023

Here are some reasons why Americans in particular may experience stress about money: Cost of Living : In many areas in the United States, the cost of living has been rising faster than wages. Many people take out student loans to pay for college, and the debt can take years or even decades to pay off.

Healthcare 130

Healthcare Education Student loans Student Loans 130

Account Recovery

JULY 9, 2021

The Pennsylvania Higher Education Assistance Agency, one of the largest student loan servicers in the country, announced yesterday that it will stop servicing federal student loans by the end of this year, citing the increasing complexity and cost of handling loans on behalf of the Department of Education.

Student loans 246

Student loans Student Loans Loans Education 246

Account Recovery

OCTOBER 25, 2023

An annual report released yesterday by the Consumer Financial Protection Bureau’s education loan ombudsman notes that three out of every four complaints filed by consumers about student loans had to do with how those loans are being serviced and collected, and references “coercive debt collection practices” related to the collection (..)

Student loans 130

Student loans Student Loans Loans Collections 130

Account Recovery

JUNE 8, 2023

The moratorium on student loan payments is coming to an end, and there are probably plenty of people in the accounts receivable management industry who are happy about that — most notably companies that specialize in collecting on unpaid student loans.

Student loans 130

Student loans Student Loans Loans Accounts Receivables Management 130

Account Recovery

JULY 12, 2021

The Department of Education on Friday announced it was canceling an additional $56 million in student loans for 1,800 individuals who were misled by three different for-profit institutions about their employment and salary prospects and the transferability of credits from the schools to other institutions.

Loans 246

Loans Student loans Student Loans Education 246

Account Recovery

JUNE 17, 2021

The Department of Education announced yesterday that is canceling the student loan debts for 18,000 individuals who were scammed by a defunct for-profit college. The total amount of the loans being forgiven is about $500 million. Cancels $500M in Loans for Scammed Students appeared first on AccountsRecovery.net.

Loans 246

Loans Student loans Student Loans Education 246

Account Recovery

JULY 22, 2021

For the second time this month, a company that services federal student loans has announced it will not extend its contract with the Department of Education, choosing instead to focus its resources on its own private student loan product.

Student loans 246

Student loans Student Loans Loans Education 246

Account Recovery

OCTOBER 19, 2023

Concerns about the impact of individuals having to start making their student loan payments again on the economy are overblown, according to a report released by researchers from the Federal Reserve Board of New York.

Student loans 130

Student loans Student Loans Loans Accounts Receivables Management 130

Consumer Finance

FEBRUARY 18, 2022

Bulletin follows findings that servicers made deceptive statements to borrowers about loan cancellation for public service.

Loans 99

Loans Student loans Student Loans 99

Nerd Wallet

FEBRUARY 15, 2023

The article What I Learned About Personal Loans — After Getting Rejected for One originally appeared on NerdWallet. Ronita Choudhuri-Wade writes for NerdWallet. Email: rcwade@nerdwallet.com.

Personal loans 62

Personal loans Loans 62

Account Recovery

MARCH 1, 2021

More than 44% of individuals with student loan debt have not made any payments since last March, according to the results of a poll released on Friday.

Student loans 246

Student loans Student Loans Loans 246

Troutman Sanders

MARCH 16, 2023

On March 16, the Consumer Financial Protection Bureau (CFPB) released a compliance bulletin entitled Unfair Billing and Collection Practices After Bankruptcy Discharges of Certain Student Loan Debts. The compliance bulletin focused on the treatment of certain private student loans following a bankruptcy discharge.

Student loans 52

Student loans Student Loans Loans Bankruptcy 52

Account Recovery

JULY 8, 2021

To Rescind Guidance and Make it Easier to Investigate Student Loan Collectors appeared first on AccountsRecovery.net. The letter was written by … The post State Regulators Ask Ed.

Student loans 246

Student loans Student Loans Loans Collection Agencies 246

Better Credit Blog

DECEMBER 17, 2021

If you’ve been considering buying a new car, but you’ve hesitated because you worry it will be expensive or the process of securing a loan will be too difficult, take heart. There are several steps you can take to get the best possible deal and make getting a loan, and eventually a car, a smoother process. Do Your Research.

Loans 71

Loans Credit Unions Credit Unions Lender 71

Credit Corp

MAY 1, 2024

To remove a cosigner from a car loan and title, you typically need to refinance the loan solely in your name. This involves applying for a new loan based on your creditworthiness and income, which can be challenging if your financial situation has changed since the original loan was taken out.

Loans 52

Loans Trade Lender Creditworthiness 52

Account Recovery

JUNE 15, 2021

Richard Cordray, the former Director of the Consumer Financial Protection Bureau who is now running the federal government’s student loan program, sat down for an interview with the Washington Post that was published a few days ago.

Student loans 147

Student loans Student Loans Loans Government 147

UK debt collections

OCTOBER 4, 2021

Over a third (35 per cent) of small- and medium-sized enterprises (SMEs) are concerned about their ability to start repaying Covid support loans, research has found.

Loans 83

Loans Financial services Lender Government 83

Credit Corp

DECEMBER 22, 2023

Has a friend or family member asked you for a loan? The trick is to know how to loan money the right way. Before you agree to loan any money to a friend or family member, think about how reliable they are. Secondly, you might want to ask them what they need the money for and why they can’t take out a personal loan.

Loans 98

Loans Personal loans Lender Banks 98

Luftman, Heck & Associates.

AUGUST 7, 2021

It is not unusual for graduates to have trouble making their student loan payments. When you factor in high interest rates, it’s no wonder that one out of every 10 Americans defaults on a student loan. The post 5 Student Loan Forgiveness Programs You Should Know About appeared first on Cleveland Ohio Bankruptcy Attorneys.

Student loans 52

Student loans Student Loans Loans Bankruptcy 52

Credit Corp

MAY 16, 2023

These offers are a fairly new type of loan becoming increasingly popular across online retailers known as Buy Now, Pay Later. Similar to a loan, these services are paying for your purchase up front alongside your initial payment to the service. Be sure to check all terms and conditions before signing up for any loan agreement.

Retail 98

Retail Loans Education Lender 98

Credit Corp

JULY 25, 2023

This may influence which products we write about and where and how the product appears on a page. Paying off your car loan can lower your credit score, but the effects are usually temporary. Are you thinking about paying off your car loan early? However, this does not influence our evaluations.

Loans 98

Loans Creditors Trade Lender 98

Account Recovery

JULY 12, 2021

CANCELS MORE LOANS FOR MISLED STUDENTS The Department of Education on Friday announced it was canceling an additional $56 million in student loans for 1,800 individuals who were misled by three different for-profit institutions about their employment and salary prospects and the transferability of credits from the schools to other institutions.

Student loans 233

Student loans Student Loans Loans Banks 233

Credit Corp

JUNE 12, 2023

This may influence which products we write about and where and how the product appears on a page. A personal loan is money borrowed from a lender that can be used for almost any purpose, from debt consolidation to home improvement projects. What Is a Personal Loan? Why Would I Need a Personal Loan?

Personal loans 97

Personal loans Loans Lender Debt Consolidation 97

Sawin & Shea

FEBRUARY 28, 2024

When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method suits your financial situation.

Personal loans 52

Personal loans Bankruptcy Chapter 13 bankruptcy Loans 52

Credit Corp

APRIL 20, 2023

This may influence which products we write about and where and how the product appears on a page. Those with a credit score of over 780 have an average car loan interest rate as low as 4.75 Those with a credit score of over 780 have an average car loan interest rate as low as 4.75 What Affects Your Auto Loan Interest Rate?

Loans 98

Loans Credit Unions Credit Unions Lender 98

Public Citizen

AUGUST 5, 2022

Insights for a Regulatory Agenda from Analyzing Student Loan Complaints Filed with the CFPB, Dickinson Law Review, Forthcoming 2022. Here's the abstract: This paper looks at consumer complaints about student loan lenders and servicers from the Consumer Financial Protection Bureau’s (CFPB’s) consumer complaint database.

Student loans 45

Student loans Student Loans Lender Loans 45

Account Recovery

OCTOBER 19, 2021

Judge Grants MTD in FDCPA Hunstein Case; Report Shares Details of Student Loan Restart Proposals appeared first on AccountsRecovery.net.

Student loans 246

Student loans Student Loans Fair Debt Collection Loans 246

Credit Corp

MARCH 21, 2023

This may influence which products we write about and where and how the product appears on a page. million Americans have student loan debt, which totals over $1.7 If you owe tens of thousands of dollars in student loan debt, you’re not alone. million Americans have some form of federal or private student loan debt.

Student loans 98

Student loans Student Loans Loans Education 98

Consumer Finance

MAY 2, 2022

Numerous student loan borrowers recently submitted complaints to the Consumer Financial Protection Bureau (CFPB) about companies that promised them student loan forgiveness or loan forbearance in exchange for fees amounting to hundreds or thousands of dollars. This is fraud.

Student loans 145

Student loans Student Loans Loans Education 145

Better Credit Blog

JUNE 1, 2022

Borrowing money costs more when you have bad credit — and your choices for a loan will be limited — which is why we have helped you narrow down your list by finding the top 6 best personal loans for bad credit. Use this time to fix your credit before applying for loans. 6 Best Personal Loans for Bad Credit.

Personal loans 86

Personal loans Loans Lender Collateral 86

Nerd Wallet

JULY 12, 2021

Many of us have graduated from our lattes and leisurely brunches to become parents with jobs, car loans and perhaps even a mortgage. The article Millennials, what will you teach your kids about money? Hey, internet: Remember millennials? On our road to adulthood, we’ve experienced two global crises — a recession and a pandemic.

Loans 138

Loans 138

Credit Corp

FEBRUARY 6, 2024

It depends on your financial situation and current market conditions – refinancing could get you a loan with better terms, or it could cost you more than you would save. Most people don’t have $50,000 in cash available, so banks, credit unions, and financing companies originate millions of auto loans each year.

Loans 52

Loans Lender Credit Unions Credit Unions 52