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.

Student loans 64

Student loans Student Loans Loans Accrued Interest 64

Public Citizen

JANUARY 22, 2021

On Wednesday, just hours after being sworn in, President Biden ordered the Education Department to extend the current COVID-19 suspension of all federal student loan payments and interest  until at least October 1st. The move comes as Biden faces heavy pressure to cancel student loan debt altogether.

Student loans 40

Student loans Student Loans Loans Accrued Interest 40

Credit Corp

MAY 17, 2021

Student loans are by far some of the biggest issues most students are facing today when it comes to finances. To get the kind of education you want, you will probably need to take out a student loan to pay for the studies – and then spend years if not decades paying back such loans.

Student loans 64

Student loans Student Loans Loans Accrued Interest 64

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. Mark Curtis , an television anchor for Arizona’s 12 News, added: “Cancelling accrued interest on a loan. The student loan machine is predatory.

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. The USDS contract brings several benefits related to servicer accountability.

Student loans 40

Student loans Student Loans Loans Accrued Interest 40

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.

Student loans 40

Student loans Student Loans Credit Card Debt Loans 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.”. The Ruling.

Student loans 40

Student loans Student Loans Loans Education 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. Debt increases showed up across almost all categories, with larger balances for mortgages , home equity lines of credit, auto loans, student loans , retail cards and other consumer loans.

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

Credit Corp

SEPTEMBER 16, 2020

Make sure your bank will report payments to the three major credit bureaus before opening this type of loan. Peer-to-Peer Loans. Peer-to-peer loans are made by an individual investor or groups of investors instead of traditional financial institutions, with the accrued interest going back to the investors.

Student loans 106

Student loans Student Loans Personal loans Loans 106

Credit Corp

MAY 1, 2021

The average American builds credit by opening a credit card account, acquiring student loan debt, or making car payments. Many people also live paycheck to paycheck , making it difficult to avoid applying for loans if they urgently need money. Get Your Free Credit Report Card. Pay Off Your Mortgage Early.

Credit Card Debt 98

Credit Card Debt Accrued Interest Loans Student loans 98

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. Debt consolidation loans. This rate is usually offered for about 12 to 20 months.

Debt Consolidation 74

Debt Consolidation Debt settlement Credit Card Debt Bankruptcy 74

Credit Corp

JULY 30, 2021

Their debt would eventually accrue interest, impact their credit score, and their household income wouldn’t be able to keep up. If I were to slip up in any one of these categories, I would have been in big trouble. For example, some can only afford to pay the minimum on a credit card. What to Do If Monthly Expenses Exceed Income?

Accrued Interest 98

Accrued Interest Student loans Student Loans Banks 98