Collection Industry News
FEBRUARY 6, 2024
Unlike many Americans with crushing student loan debt, the 44-year-old father of three from Knoxville, Tennessee, thought his debt had been canceled. But when the pandemic-era hold on loan payments lifted, the hefty deduction popped up again on his balance. Or the government isn’t sure if it has. This year, on Jan.
Sawin & Shea
JULY 8, 2020
The kinds of debt that can typically be eliminated are credit card debt, medical bills, utility bills, evictions, repossessions, and personal loans. You can also wipe out debts owed to gyms, clubs, and other personal services. Is It Impossible to Wipe Out Student Loans With Bankruptcy?
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True Accord
JULY 13, 2023
The ending of various pandemic-era benefits including the pause on student loan payments will impact consumers in the coming months. The federal government has projected that about 15 million people will lose coverage , including nearly seven million people who are expected to be dropped despite still being eligible. 9%) to $17.05
Collection Industry News
MARCH 19, 2024
Bottom line: households took on more debt at the end of last year and we’re seeing loans increasingly going bad, according to data from the Federal Reserve Bank of New York, leading to a shift in consumer spending for 2024. million borrowers missed their student loan payment, equating to 40% of loan holders.
True Accord
APRIL 5, 2023
At the beginning of March, the federal government ended pandemic-era payments for low-income families on the Supplemental Nutrition Assistance Program (SNAP), causing nearly 30 million Americans to lose increased food stamp benefits. 25% despite concerns around the turmoil that has shaken the banking system , landing it at 4.75-5%.
Better Credit Blog
APRIL 2, 2022
Whether you’re making a big purchase or just refinancing some existing debt, a personal loan could help. But comparing loan options could take days — unless you use an online marketplace like Fiona which lets you compare personal loan offers side by side within minutes. How Fiona Loans Work.
Sawin & Shea
JANUARY 12, 2022
Taxes that you owe to the federal or state government are sometimes dischargeable, and sometimes not. Student Loans. Most student loans are not discharged without filing a separate lawsuit in the bankruptcy asking for a court order declaring them discharged. Student loans can be particularly challenging.
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