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Millions of Student Loans in Debt Collection, How Did We Get Here?

True Accord

Youve seen the headlines the federal government last week resumed collecting defaulted student loan payments from millions of people for the first time since the start of the pandemic. How did we get to this point where so many people with student loans are unable to make payments on them? for non-student loan holders.

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Q3 Industry Insights: Preparing for Credit Card Bills, Student Loans and Holiday Spending

True Accord

Economic stressors persist and are likely contributing to many consumers relying on credit to cover expenses, while the resumption of student loan payments adds another financial obligation to the mix. trillion in student debt under the CARES Act, student loan payments resume this month.

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What Debts Will Remain After A Chapter 13 Discharge?

Sawin & Shea

Your Chapter 13 bankruptcy plan creates an affordable route to satisfying your creditors and starting to rebuild your financial stability. The kinds of debt that can typically be eliminated are credit card debt, medical bills, utility bills, evictions, repossessions, and personal loans. It comes with some huge benefits.

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What Is a Good Mortgage Interest Rate and Other APR Info

Credit Corp

The Prime Rate Good Mortgage Interest Rates Good Car Loan Interest Rates Good Credit Card Interest Rates Good Personal Loan Interest Rates Good Student Loan Interest Rates. What’s a Good Interest Rate on Personal Loans? Personal loans are typically unsecured. In This Piece.

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Debt After Death: 9 Things You Need to Know

Credit Corp

Can your family members’ creditors come after you now? Technically, personal debts aren’t forgiven at death. Instead, they pass to the estate of the deceased person. Student Loan Debt. Federal student loans and PLUS loans get discharged if borrowers pass away. Negotiate with Creditors.

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Q1 Industry Insights: Economic Stressors Persist while Pandemic-era Benefits End

True Accord

With uncertainties about how the end of various pandemic-era benefits will impact consumers, it’s more important than ever for creditors and collectors to implement strategies that consider consumer situations and preferences when attempting to collect. If successful, many consumers will see their overall debt burden decrease.

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Q2 Industry Insights: Higher Monthly Expenses for Consumers, Regulatory Guidance for Financial Institutions

True Accord

The ending of various pandemic-era benefits including the pause on student loan payments will impact consumers in the coming months. TrueAccord opinion, the court found that unlike telephone calls, two unwanted emails are insufficient to confer standing and wouldn’t be “highly offensive” to the reasonable person. 9%) to $17.05