Account Recovery

APRIL 5, 2022

The Court of Appeals for the Third Circuit has affirmed the dismissal of a Fair Debt Collection Practices Act case against a student loan servicer for continuing to attempt to collect a student loan debt after it had been discharged in bankruptcy because the plaintiff failed to follow the proper procedure.

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Student loans Student Loans Loans Fair Debt Collection 130

ABI

JANUARY 12, 2022

American Bankruptcy Institute Law Review Staff. . . Generally, student loan debt will not be discharged in a case under title 11 of the United States Code (the “Bankruptcy Code”) unless there is a showing of “undue hardship on the debtor and debtor’s dependents.” Julia Merani. John’s University School of Law.

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Student loans Student Loans Loans Debtor 45

CICM

OCTOBER 6, 2023

It is often used as an alternative to liquidation or bankruptcy and aims to rescue the company as a going concern or achieve a better outcome for creditors than an immediate liquidation would. A Receivership can be triggered by loan defaults, breaches of financial covenants, or the need to safeguard the interests of creditors.

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Creditors Debtor Bankruptcy Credit Management 52

Jimerson Firm

JULY 30, 2020

In reviewing a loan file after a default by a borrower, lenders should evaluate whether the loan includes an acceleration clause and whether the loan is secured by any personal guaranties. The loan documents also typically include one or more personal guaranties. Acceleration of the Loan. & Loan Ass’n, 538 So.

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Lender Loans Foreclosure Judgment 98

Debt Guru

JANUARY 24, 2022

Credit card lenders report late (or skipped) payments to the credit bureaus. These late payment reports will substantially lower your credit score, which can impede your ability to get a new credit card or future loan. You could even see an increase in your insurance rate as a result of this credit card negligence.

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Lender Credit Card Debt Collection Agencies Collections Agency 52

Better Credit Blog

APRIL 6, 2022

We break this down in our article: “ What Exactly is Credit Repair & How it Works,” but the short answer is that credit repair is the process of reviewing, disputing, and negotiating negative items on your credit report that may negatively impact the credit risk tier you’re in and the loans and interest rates you qualify for.

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Debt settlement Creditors Credit Counselor Loans 105

Credit Corp

JULY 9, 2021

This incredibly high number is mostly composed of financial situations relating to peoples’ homes, vehicles, and loans taken out to pursue higher education. The average American home owes around $6,270 in credit card debt. Fortunately, there are a few alternatives to credit card and other debt settlement.

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Debt settlement Credit Card Debt Debt collector Lender 98