Jimerson Firm

FEBRUARY 11, 2022

On July 15, 2021, the SBA issued its procedural notice regarding lender requests to the SBA for guaranty recovery of PPP loans. The PPP loan program has offered billions of dollars in assistance to small businesses across the country. However, many PPP borrowers have since begun defaulting on their loans.

Loans 52

Loans Lender Chapter 7 bankruptcy Bankruptcy 52

Collection Industry News

AUGUST 6, 2023

Federal student loan borrowers have had a break from paying back their student loans for over three years now. Over 50% of borrowers added debt on regular credit cards during the student loan payment pause and another 31% racked up balances on retail cards, a recent TransUnion analysis found. From October 2023 through Sept.

Student loans 40

Student loans Student Loans Credit Card Debt Loans 40

Collection Industry News

MAY 3, 2022

A number of people in the so-called “boomer” generation have hit out at President Joe Biden ‘s reported plans to forgive some student loan debt for millions of people. However, the reported plans to forgive student loans money have also been met with criticism, especially from older generations who have spent years paying off their own debt.

Student loans 40

Student loans Student Loans Loans Accrued Interest 40

Collection Industry News

NOVEMBER 6, 2023

The Biden-Harris Administration is fully committed to supporting student loan borrowers as they navigate return to repayment and fixing problems in the student loan system. Today, the U.S. Today, the U.S. FSA is committed to ensuring servicing contracts evolve to meet borrowers’ needs. “FSA

Student loans 40

Student loans Student Loans Loans Accrued Interest 40

Collection Industry News

APRIL 25, 2022

However, recent posts on social media claim there are also existing provisions that exempt family members of congressmen and congressional staffers from having to pay off student loans at all. The post stated, in part: “Children of Congress members do not have to pay back their college student loans.”. million people.

Student loans 40

Student loans Student Loans Loans Education 40

Collection Industry News

JULY 27, 2021

The industry trade teams challenging the CFPB’s rule that is final Payday, Vehicle Title, and Certain High-Cost Installment Loans (the Rule) have filed a movement for summary judgment. The post Trade Groups File Summary Judgment Motion In Texas Lawsuit Challenging CFPB Loan Rule That Is Payday appeared first on Collection Industry News.

Trade 40

Trade Judgment Loans Accrued Interest 40

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.,

Financial Institution 65

Financial Institution Student loans Student Loans Loans 65

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.

Credit Card Debt 40

Credit Card Debt Consumer Credit Student loans Student Loans 40

Troutman Sanders

JANUARY 11, 2021

On December 15, 2020, the Seventh Circuit Court of Appeals decided four cases which all dealt with the issue of standing within the context of the Fair Debt Collection Practices Act (“FDCPA”). Sandra Bazile (“Bazile”) alleged that Finance System of Green Bay (“FSGB”) sent her a dunning letter seeking to collect medical debts she incurred.

Accrued Interest 52

Accrued Interest Judgment Fair Debt Collection Law Firms 52

Credit Corp

JUNE 12, 2023

And if you are able to get approved for a loan or a credit card, your interest rate and other terms could be less than desirable if your credit isn’t good enough. Check loan statuses, account balances, your payment history, the list of recent credit inquiries, and anything else on the report for accuracy.

Law Firms 92

Law Firms Creditors Accrued Interest Credit Bureau 92

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

Foreclosure 40

Foreclosure Accrued Interest Loans Collections 40

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?

Credit Card Debt 84

Credit Card Debt Debt settlement Debt collector Creditors 84

Better Credit Blog

APRIL 11, 2022

Some examples of debt are mortgages, credit card dues, and personal loans. Although accruing lots of debt isn’t ideal, it may sometimes be unavoidable, such as mortgage payments or student loans. You may be sent to collections. They may still be responsible for paying a portion of the loan. The Windfall.

Debt Consolidation 74

Debt Consolidation Debt settlement Credit Card Debt Bankruptcy 74

Collection Industry News

OCTOBER 17, 2023

proposed a 36% cap on consumer loans in 2021. The 36% interest rate cap for active-duty servicemembers and their families has proven to be a highly effective measure in providing protection against predatory lending practices,” Grothman said in an email. Alexandria Ocasio-Cortez, D-N.Y., Jesús “Chuy” García, D-Ill.,

Credit Unions 40

Credit Unions Credit Unions Accrued Interest Credit Card Debt 40

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. And this it did not do, directly or otherwise.

Accrued Interest 40

Accrued Interest Foreclosure Debt collector Debtor 40

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.

Bankruptcy 67

Bankruptcy Creditors Lender Lawyers 67

FDCPA Defense

AUGUST 22, 2016

There, the collection law firm defendant communicated with plaintiff on a number of occasions, and each time the firm identified itself as a “debt collector,” as required by section 1692e(11) of the FDCPA. iii] A striking example of this trend is the Ninth Circuit’s decision in Davis v. Hollins Law Firm , _F.3d

Debtor 40

Debtor Debt collector Law Firms Accrued Interest 40