True Accord

AUGUST 11, 2022

Financial literacy is an essential life skill that benefits people throughout their lives, but is often overlooked when it comes to what happens if a payment is late or missed. New York Federal Reserve , between the national student loan debt topping $1.6 Debt levels are on the rise again: according to the?

Acquisition 61

Acquisition Debt Recovery Education Student loans 61

Troutman Sanders

AUGUST 9, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. You may access this interactive tool at [link]. For more information, click here. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Credit Corp

APRIL 26, 2024

Some of the items on this list include: Canceled amounts that were gifts or inheritances Certain student loans and student loan discharges Qualifying purchase price reductions If you ultimately need to claim the income, you must incorporate the 1099-C into your federal tax filing and report the canceled debt as “other income”.

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Repossession Creditors Bankruptcy Foreclosure 59

Troutman Sanders

OCTOBER 16, 2023

One in four people who reported losing money to fraud since 2021 said it started on social media. [1] The legislation prevents any potential gap in the law and protects homeowners from foreclosures as they continue to await approvals and payments from the Department of Housing and Community Development (DHCD).

Financial services 52

Financial services Student loans Student Loans Credit Unions 52

Troutman Sanders

FEBRUARY 21, 2024

The court found that the defendants falsely promised to reduce homeowners’ mortgage payments and prevent foreclosures, defrauding distressed homeowners out of millions of dollars. The scheme allegedly harmed more than 3,000 people nationwide. For more information, click here. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

True Accord

MARCH 31, 2022

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. million U.S. And it’s not just medical bills.

Lender 58

Lender Personal loans Foreclosure Loans 58

Sawin & Shea

AUGUST 24, 2020

Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt. Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits.

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Debt collector 98

Troutman Sanders

APRIL 19, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. You may access this interactive tool at [link].

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Debt Free Colorado

MARCH 3, 2023

Through a legal process called bankruptcy, some people who are unable to pay their debts can start over financially, either temporarily or permanently. Are you at risk of falling into foreclosure, being evicted, or having your utilities cut off? To begin, however, let’s define the term “bankruptcy.”

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Credit Counselor Chapter 7 bankruptcy 52

Troutman Sanders

OCTOBER 19, 2020

On October 13, the Federal Trade Commission (FTC) warned consumers of scammers pretending to promise student loan debt relief. Due to the pandemic, people with federal student loans have some protections, but others claim to provide additional governmental protections for a fee. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Troutman Sanders

MAY 9, 2023

The FTC charged the defendants with taking tens of millions of dollars from people by falsely promising to eliminate or substantially reduce their credit card debt. On May 1, the Federal Trade Commission (FTC) announced a permanent ban from debt relief telemarketing for operators of debt relief scam. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Loans 52

Credit Corp

FEBRUARY 28, 2021

Stimulus Acts and Student Loans : Learn more about student loans, including automatic forbearance, in this guide. Bad credit business loans : You can get a business loan with less-than-perfect credit—even in a pandemic. In both cases, people received additional $500 payments for qualifying dependents.

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Loans Student loans Student Loans Debt collector 98

Troutman Sanders

MARCH 22, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. You may access this interactive tool at [link]. For more information, click here. On March 18, the U.S.

Financial services 52

Financial services Garnishment Student loans Student Loans 52

Better Credit Blog

APRIL 1, 2022

It’s smart to know how to remove negative items from your credit report, especially if you are soon to be applying for a mortgage or car loan. Whatever you’re dealing with, late payments, collections, charge-offs, or foreclosures, the following techniques can clean up your credit quickly. Foreclosures. Charge Offs. Bankruptcy.

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Bankruptcy Collection Agencies Collections Agency Lender 114

Troutman Sanders

OCTOBER 4, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. You may access this interactive tool at [link]. Among other provisions, S.B. For more information, click here and here.

Financial services 52

Financial services Financial Institution Foreclosure Student loans 52

Credit Corp

MAY 1, 2021

Many people also struggle to build their credit, and they must be careful about which personal finance decisions impact credit scores. The average American builds credit by opening a credit card account, acquiring student loan debt, or making car payments. How Do People End Up in Debt? Like We Did). Impulse Purchasing.

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Credit Card Debt Accrued Interest Loans Student loans 98

Better Credit Blog

AUGUST 7, 2020

Though the name SYNCB is foreign to most people when they encounter it on their credit report , it represents a popular national online bank, Synchrony. Foreclosure. A lot of people are unaware that applying for a retail credit card in a store can damage their score in minutes. What Is SYNCB? Charge offs. Debt collectors.

Retail 52

Retail Lender Debt collector Banks 52

Troutman Sanders

APRIL 5, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. On April 1, the CFPB issued a warning to mortgage servicers to take necessary steps to prevent a wave of foreclosures this fall.

Financial services 52

Financial services Financial Institution Foreclosure Garnishment 52

Collection Industry News

OCTOBER 6, 2020

Earlier this year, the pandemic swept across the country, killing 100,000 Americans by the spring, shuttering businesses and schools, and forcing people into their homes. Finding themselves with enough money to settle old debts, people responded to collectors’ calls and letters. It was a great time to be a debt collector.

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Debt collector Garnishment Banks Foreclosure 40

Better Credit Blog

AUGUST 21, 2020

Tens of thousands of people are in the same boat, and usually for the same reasons. Others are on the path to repairing their credit, as it takes time to recover from more severe credit occurrences like bankruptcy , foreclosures , or judgments. You can also qualify for the loans below with a 620: Emergency loan.

Personal loans 59

Personal loans Loans Lender Debt Consolidation 59

Troutman Sanders

MARCH 8, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The stimulus package includes a provision that would end the current policy of considering any student debt forgiven taxable income.

Financial services 52

Financial services Retail Foreclosure Financial Institution 52

Sawin & Shea

JANUARY 24, 2024

The Pros Bankruptcy can stop foreclosures , repossessions, lawsuits, wage garnishment, utility shut-offs, and debt collection activities through its automatic stay provision. Any debts not discharged, like student loans, remain. Poor credit scores disqualify many people from the best rates on consolidation loans.

Debt Consolidation 52

Debt Consolidation Bankruptcy Chapter 13 bankruptcy Collateral 52

Troutman Sanders

FEBRUARY 8, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Treasury Secretary Janet Yellen issued a statement on the historic impact of economic crises on people of color.

Financial services 52

Financial services Foreclosure Student loans Student Loans 52

Troutman Sanders

AUGUST 24, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The FTC reminds consumers that it is “not distributing coronavirus economic stimulus or relief money to people.”

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Troutman Sanders

FEBRUARY 16, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. On February 8, HB 32 was introduced in Ohio, seeking to place a moratorium on the collection of some student loans and health care debt.

Financial services 52

Financial services Student loans Student Loans Banks 52

Troutman Sanders

OCTOBER 9, 2023

The FTC alleged that the defendants pretended to be affiliated with the Department of Education, charged illegal junk fees, and offered students loan forgiveness promises that were not fulfilled. million people. For more information, click here. banking system. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Third-party Debt Collectors 52

Troutman Sanders

APRIL 12, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. On April 5, the CFPB proposed a set of rule changes to help prevent foreclosures as the emergency federal foreclosure protections expire.

Financial services 52

Financial services Debt collector Student loans Student Loans 52

Troutman Sanders

JULY 12, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. On July 5, a new Massachusetts law went into effect, requiring licenses for any business servicing student loans within the state.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Better Credit Blog

APRIL 11, 2022

These complex records confuse a lot of people. The types of credit accounts you can expect to see in this section include: Mortgages , home equity loans, and home equity lines of credit. Student Loans. Auto Loans. Personal Loans or Other Installment Loans. Foreclosure. Credit Cards.

Creditors 15

Creditors Loans Credit Bureau Lender 15

Troutman Sanders

SEPTEMBER 20, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. On January 31, 2022, the pause on interest and payments for federally held student loans will end.

Financial services 52

Financial services Foreclosure Debt collector Student loans 52

Troutman Sanders

JUNE 22, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. You may access this interactive tool at [link]. For more information, click here. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Troutman Sanders

APRIL 26, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The FTC said that scammers are “doubling down on their efforts to scam people out of their money and personal information.”

Financial services 52

Financial services Debt collector Loans Banks 52

Troutman Sanders

JULY 26, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. You may access this interactive tool at [link]. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Garnishment 52

Troutman Sanders

AUGUST 2, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. million, to people who lost money to credit card debt relief schemes. You may access this interactive tool at [link].

Financial services 52

Financial services Foreclosure Student loans Student Loans 52

Troutman Sanders

AUGUST 16, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. trillion student loan portfolio from state regulation. You may access this interactive tool at [link]. On August 13, the U.S.

Financial services 52

Financial services Foreclosure Student loans Student Loans 52

Collection Industry News

OCTOBER 5, 2021

He held several high-ranking positions at the CFPB during the Obama administration, including the top job handling student-loan issues. “He Millions of Americans are now facing eviction and potential foreclosures due to the job losses caused by pandemic. Let’s get to work!,” Warren, now a U.S.

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Student loans Student Loans Banks Foreclosure 40