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The 7 Best Student Loan Refi Companies – as of May 2022

Better Credit Blog

million people carry some form of student loan debt, with most averaging around $39,000 —although many of us have a lot more. Refinancing your student loans could help lower your monthly payments and reduce your overall repayment amount. Additionally, look at our best student loan companies to apply completely online.

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Dealing With Debt From COVID-19

Debt Free Colorado

They will commonly reduce your interest rate which will result in a lower monthly payment, or wrap missed payments back into the loan which will bring you current. You can work directly with the mortgage lender on a loan modification, or reach out to the Colorado Foreclosure Hotline for free assistance. Student Loans.

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Should You File for Bankruptcy if a Strong Economy is Just Around the Corner

Titan Consulting

When government assistance is not providing enough income to cover job losses, should you file for bankruptcy or hold out for the economic recovery? Bankruptcy does not generally discharge debts associated with child support, alimony, tax obligations, or student loan debt. The Bankruptcy Option. Frequently Asked Questions.

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Individual Bankruptcy Filings Fall During Pandemic

Collection Industry News

The number of people seeking bankruptcy fell sharply during the pandemic as government aid propped up income and staved off housing and student-loan obligations. Several rounds of government aid padded incomes with direct payments to households and enhanced unemployment benefits. Source: site.

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COVID-19 Financial Resource Guide

Credit Corp

Coronavirus mortgage relief : If you have a mortgage backed by the federal government, you can obtain federal coronavirus mortgage relief. Stimulus Acts and Student Loans : Learn more about student loans, including automatic forbearance, in this guide. Read this article to learn how to apply.

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Q1 Industry Insights: Consumers Will Consume, Lenders Will Lend, Delinquencies Will Rise

True Accord

The four key trends we’re studying are: resumed foreclosure activity, extensive medical bills, the end of child tax credits and historically high inflation. In January, the foreclosure proceedings that were paused under the CARES Act resumed after an 18-month hiatus. But some definitely feel it more than others. million U.S.

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Total Household Debt Reaches $17.06 Trillion in Q2 2023; Credit Card Debt Exceeds $1 Trillion

Collection Industry News

The volume of newly originated auto loans, which includes leases, was $179 billion, largely reflecting high dollar values of originated loans even as the number of newly opened loans remains below pre-pandemic levels. Student loan balances fell by $35 billion and stood at $1.57 trillion in Q2 2023.