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Congress Passes Relief for Student Loan Borrowers in CARES Act

Titan Consulting

Benefits include the following: Suspension of Monthly Payments : The US Department of Education automatically suspended payments on outstanding federal student loans. Payment relief includes both direct and FFEL (Federal Family Education Loans) loans and lasts through September 30, 2020. About Titan Consulting Group.

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Over half of student loan borrowers racked up credit card debt during the payment pause—now experts worry about ‘shock’

Collection Industry News

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. Many will have to work to get out of credit card debt at the same time.

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Seven Ways to Get Out of Debt in 2022

Better Credit Blog

Although accruing lots of debt isn’t ideal, it may sometimes be unavoidable, such as mortgage payments or student loans. In these situations, debt is considered positive mainly because your financial objective has value and long-term benefits. Debt Consolidation. Debt consolidation loans. Credit Counseling.

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Student Loan Forgiveness Plans Enrage Boomers: ‘Unfair’

Collection Industry News

No Debt, just a leg up for every kid rich, poor or middle class.”. Mark Curtis , an television anchor for Arizona’s 12 News, added: “Cancelling accrued interest on a loan. I can see or cutting interest rates to 0%… but forgiving ALL student loan debt? Forgive credit card debt? While nice.