Accrued Interest Collections Government Loans 
Titan Consulting
JUNE 7, 2020
Congress recently passed legislation in the CARES act that provides direct and indirect benefits to Federal Student Loan borrowers. Benefits include a suspension of payments, no negative credit reporting, no collection activity, and no accrual if interest until September 30, 2020. Help Available for Borrowers with Student Loans.
True Accord
JULY 13, 2023
The ending of various pandemic-era benefits including the pause on student loan payments will impact consumers in the coming months. Read on for our take on what’s impacting consumer finances and our industry, how consumers are reacting, and what else you should be considering as it relates to debt collection in 2023. NPAS, Inc.,
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Collection Industry News
SEPTEMBER 2, 2023
And another factor might make the increases more painful for some consumers: The pause on federal student loan payments ended Sept. Student loan balances have already begun accruing interest again, and soon, borrowers will be expected to start making regular payments.
Titan Consulting
SEPTEMBER 15, 2020
A growing stack of bills collects and grows bigger each week. Personal loans, credit card debt, payday loans, or medical bills all fall into the category of unsecured personal debt. You avoid calls because you don’t want to talk to creditors demanding payment on past due bills. How to Negotiate Your Debt?
Collection Industry News
APRIL 27, 2021
Mortgage servicers would be allowed to temporarily offer certain loan modification options to borrowers affected by Covid-19 based on the evaluation of an incomplete application, subject to the following: “[T]he loan modification must be made available to a borrower experiencing a Covid-19 related hardship.”. “[T]he
FDCPA Defense
FEBRUARY 1, 2018
Attorneys and other entities that regularly engage in collection work for community associations may be subject to the requirements of the Fair Debt Collection Practices Act, 15 U.S.C. as well as analogous state laws governing the consumer collection process. The issue in Ho v.
BN Lawyers
MARCH 23, 2020
These parties could foreclose or repossess the property securing the loans. A lender who provided a secured loan for your kitchen equipment would have a difficult time profitably foreclosing on those assets. Although minimum payments may result in accrued interest, that is better than a lockout or eviction.
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