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Daily Digest – March 14. Getting to Know Matt Jubenville of Midland Credit Management; Passive Debt Buyer Meets Definition of Debt Collector Under FDCPA, Indiana State Law, State Appeals Court Rules

Account Recovery

Getting to Know Matt Jubenville of Midland Credit Management Passive Debt Buyer Meets Definition of Debt Collector Under FDCPA, Indiana State Law, State Appeals Court Rules Medical Debt Credit Reporting Bill Advances in Illinois Senate Employers Need Education on Student Loan Garnishments PRA Group Appoints Glenn Marino to Board of Directors WORTH (..)

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Appeals Court Upholds Dismissal of FDCPA Case Over Collection of Post-BK Student Loan

Account Recovery

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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Discharging Student Loan Debt: The Brunner Test

ABI

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.” All three of the elements must be satisfied for the discharge of the student loan debts to be granted. [11].

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Tenth Circuit Adopts “Reasonable Consumer” Standard to Determine Materiality Under FDCPA

Troutman Sanders

Pioneer Credit Recovery, Inc. , the plaintiff defaulted on his student loan payment, and the account was sold to Educational Credit Management Corporation (ECMC), a federal student loan guarantee agency, which then contracted with Pioneer Credit Recovery, Inc. In Tavernaro v.

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What Is the Average Credit Score by 18?

Credit Corp

The average credit score by age 18 is 679. Source: Experian Q3 2022 A good credit score can help you apply for loans, pay less for insurance, and qualify for lower interest rates. For young adults, starting to build credit earlier than later can make the biggest difference in the future. How Do You Find Your Credit Score?

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Why Is Credit Important? 10 Reasons You Need a Good Score

Credit Corp

Can you pay a loan with a credit card? Yes, paying a loan with a credit card is sometimes possible. Yet, whether or not you can do so depends on factors such as the lender’s policies or the type of loan you want to pay off. Good credit can open doors, but bad credit can keep them shut.

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Is 720 a Good Credit Score?

Credit Corp

What Kind Of Loan Can I Get With a 720 Credit Score? How to Further Improve Your 720 Credit Score Your credit score is a number, typically ranging from 300 to 850, that assesses your credit risk. Developed by the Fair Isaac Corporation (FICO) in 1989, the FICO score is the most widely used credit scoring model.