Sawin & Shea

JANUARY 18, 2023

Filing Chapter 7 bankruptcy provides you with an automatic stay that prohibits creditors from being able to take any action to collect a debt against you, such as repossessions, wage garnishment, and legal action. Additionally, your creditors will not be allowed to contact you. Filing Bankruptcy Chapter 7 in Indiana?

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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. On August 5, the Department of Education announced that it is extending the moratorium on federal student loan payments through January 31, 2022.

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Sawin & Shea

JANUARY 25, 2022

For example, when you take out a home loan, you will be required to sign a mortgage which grants the lender a lien, or security interest against your home should you fall behind on payments. Common examples of secured debts include: Home loans Car loans Cash loans secured by other personal property Judicial Liens Tax Liens.

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Sawin & Shea

OCTOBER 5, 2022

Student loan debt is a serious problem in the United States, and it’s an issue that impacts millions of Americans. As of January 2022, around 45 million people have student loan debt, which is 13.5% The total collective amount of federal and private student debt is around $1.75 of the US population.

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Student loans Student Loans Loans Garnishment 93

Sawin & Shea

MARCH 6, 2024

Understanding Debt Consolidation Debt consolidation is the process of taking out a brand-new loan and using the money to pay off other loans or debts. Pros & Cons of Debt Consolidation Debt consolidation can be great if you qualify for a loan with a low enough interest rate. What kind of debt do you have?

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Better Credit Blog

APRIL 1, 2022

A good credit score allows you to get better rates on car or mortgage loans just to name a few. If you fall into hard times, the inability to pay off your credit card bills or student loans can result in your debts being transferred to a debt collection agency. Debt Validation. Calling you before 8:00 A.M and after 9:00 P.M.

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Collection Agencies Collections Agency Garnishment Fair Debt Collection 77

Sawin & Shea

SEPTEMBER 27, 2023

They can typically contact you through various means, including phone calls, letters, and emails, to request payment or negotiate repayment terms. If the court grants a judgment in favor of the creditor, they have additional collection options, such as wage garnishment, bank account levies, or placing liens on the debtor’s property.

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Sawin & Shea

NOVEMBER 30, 2022

Student loan default can impact millions of Americans. Unfortunately, defaulting on a student loan can hurt your finances, credit, and other aspects of your life. If you fall behind on student loan payments, your loan won’t default immediately. What Are My Options After Defaulting on Student Loans?

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Student loans Student Loans Loans Garnishment 112

Sawin & Shea

MARCH 7, 2023

When you file for Chapter 7 bankruptcy, the Court will place an automatic stay upon filing, which stops creditors from collecting payments, garnishing wages, or repossessing property. This includes debts such as credit card balances, medical bills, personal loans, utility bills, back rent, mortgages, and car payments.

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Collection Industry News

FEBRUARY 15, 2021

In the area of debt collection, the CFPB observed, among other things, that some entities reported increases in consumer contacts and payments, which may have been attributable to more consumers being at home, reduced spending, and pandemic-related assistance.

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Better Credit Blog

APRIL 3, 2022

If you’re reading this article, I bet you’ve recently been contacted by a company called Portfolio Recovery Associates —and you may be wondering how to remove them from your credit report. You get to dictate how and when a debt collector contacts you. Be sure you know your rights in advance of contacting this debt collector.

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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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Sawin & Shea

SEPTEMBER 28, 2022

For example, if you have been having your wages garnished to pay back a persistent creditor, your employer would be aware that this is no longer necessary since you are in the process of Chapter 7 or Chapter 13 bankruptcy. In rare cases, your repayment plan in Chapter 13 bankruptcy may require your wages to be garnished.

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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. As of March 18, the department intends to issue full loan discharges for borrowers with approved borrower defense claims. On March 17, U.S.

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Troutman Sanders

NOVEMBER 13, 2023

On November 9, the Department of Education (DOE) announced its plan to implement an oversight strategy of federal student loan servicers that provides several pathways for identifying problems that can harm borrowers, in real-time. For more information, click here. For more information, click here. For more information, click here.

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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. For more information, click here. State Activities: On April 14, Illinois Governor J.B.

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Taurus Collect

JANUARY 24, 2023

For many debtors, their primary contact with collectors will be through phone conversations. Once creditor hands over a debt to a collector, they assume that their efforts will increase the chances of recovering what is owed to them – so they will do whatever they can to contact you regularly until payment is received in full.

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Sawin & Shea

MARCH 30, 2021

Speak to an attorney today at (317) 759-1483 or contact us online. We are committed to providing compassionate and non-judgmental representation to all of our clients. Our attorneys have helped thousands of people just like you get the fresh start they deserve. We are here to help. appeared first on Sawin & Shea.

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Bankruptcy Student loans Student Loans Garnishment 98

Debt Free Colorado

MARCH 3, 2023

Contact the Law Office of Clark Daniel Dray (debtfreecolorado) if you are thinking about filing for bankruptcy to find a solution and receive thorough responses to all your inquiries that are pertinent to your case. Learning about bankruptcy and how it works is the first step to take before filing for bankruptcy.

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Credit Corp

DECEMBER 14, 2020

Whether you have medical debt, credit card debt or unpaid student loans , getting calls or letters from debt collection companies can be frustrating. Here’s an overview of the timelines for debt collection and what to do if you’re contacted about an old debt. What to Do If You Are Contacted About an Old Debt.

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Troutman Sanders

JULY 7, 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 rules cover loans on principal residences, generally exclude small servicers, and will take effect on August 31.

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National Service Bureau

JULY 30, 2015

Student loans generally fall into two categories: federal student loans and non-federal student loans. Federal loans for students: Federal loans fall under one of several categories. Ford Federal “Direct Loan” Program, or the Federal Family Education Loan “FFEL” Program.

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Better Credit Blog

SEPTEMBER 8, 2020

It could only take one missed payment on your car loan, credit card, or phone bill to harm your credit score and wind up on a debt collector like Northland Group’s list. Northland Group collects for businesses in a few industries, such as: Auto loans. Student loans. Credit cards. Government. Healthcare.

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Better Credit Blog

AUGUST 31, 2020

What you may not know is that you are protected by the Fair Debt Collection Practices Act (FDCPA), a law designed to keep third-party debt collectors in check when they contact you. The law specifically limits how and when collections agencies can contact you, and it allows you to dispute debts. Table of Contents.

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Better Credit Blog

AUGUST 25, 2020

If MB&W is contacting you and has made an appearance on your report, it’s important to act quickly to get it removed. The agency collects on several types of debts, like credit cards, utility bills, student loans, medical bills, and auto loans. Notice an entry from Mccarthy Burgess & Wolff on your credit report?

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Debt collector Collection Agencies Collections Agency Third-party Debt Collectors 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. The published data contain loan-level information filed by financial institutions, modified to protect privacy. On March 30, the U.S.

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Consumer Financial Services Law

OCTOBER 16, 2017

11 2017), the debtor, Berry, defaulted on student loans he had taken out with the US Department of Education. Under Van Ru’s procedures, when a representative contacts a consumer over the phone, the representative is prohibited from making any false or misleading statement to the consumer.

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National Service Bureau

APRIL 6, 2015

5: Improper contact or sharing of information. 2,333 complaints were filed with the CFPB in 2014 regarding improper contact or sharing of information. Of these, 239 involved medical collections and another 240 involved student loans. Permissible contact with debtors is governed by Section 805 of the FDCPA.

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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.

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Debt RR

MAY 8, 2020

Credit challenges: Businesses with tax liens might have a hard time qualifying for loans, leases, or other types of business credit. While the IRS does not explicitly forgive tax debt as the student loan program does with public service forgiveness, businesses that find themselves unable to satisfy their annual obligation have options.

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Better Credit Blog

APRIL 11, 2022

If you see an old phone number, chances are it is still on file with the financial institution that issued the loan or credit card. 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. Garnishments.

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Creditors Loans Credit Bureau Lender 15

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. Several states are already using [contact-tracing systems], but it will only succeed if users can trust their information is safe.

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Better Credit Blog

MAY 12, 2022

And, after ordering you to repay the money, a judge could approve wage garnishment which means the court would take part of your paycheck and give it to the creditor before you even see the money! But these kinds of negative items can make it nearly impossible to get a car loan, a mortgage, or even a student loan in some cases.

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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. These borrowers will receive 100% loan discharges, resulting in approximately $500 million in relief. For more information, click here.

Financial services 52

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Troutman Sanders

AUGUST 31, 2020

Federal Activities: During the week of August 24, 2020, the Consumer Financial Protection Bureau (CFPB) updated pages relating to student loans and its guidance on protecting credit during COVID-19. Pritzker extended Executive Order 2020-25, which includes limits on garnishments and wage deductions.

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