Ed. Department Discharges All Westwood College Loans

Account Recovery

billion of student loans for all of the 79,000 individuals who attended Westwood College between 2002 and 2015, ruling that the school “engaged in widespread misrepresentations about the value of its credentials for attendees’ and graduates’ employment prospects.”

Loans 80

NerdWallet Loan Calculator

Nerd Wallet

When you borrow money from a lender, whether it’s a personal friend or a bank, you’ll need to know the total cost of paying back the loan. The article NerdWallet Loan Calculator originally appeared on NerdWallet. Loans

Loans 81

Warren Demands DoJ Release Student Loan Bankruptcy Guidance

Account Recovery

Backstory: Student … The post Warren Demands DoJ Release Student Loan Bankruptcy Guidance appeared first on AccountsRecovery.net. Student Loans Sen. Elizabeth Warren Student Loan Debt ReliefElizabeth Warren [D-Mass.]

CFPB Publishes Supervisory Highlights Report on Student Loan Servicing

Account Recovery

The Consumer Financial Protection Bureau yesterday published a special edition of its Supervisory Highlights, spotlighting the student loan servicing and collection markets and pointing out some of the issues it has uncovered when examining companies in that market.

Ed. Dept. Discharges All Remaining Loans for ITT Tech Students

Account Recovery

The Department of Education announced yesterday that it is canceling all the remaining federal student loans for anyone who attended ITT Technical Institute between 2005 and its closure in 2016. This will result in the cancellation of loans for 208,000 individuals who collectively owed $3.9

Loans 78

Biden Announces Student Loan Cancellation Plan, Extends Moratorium on Payments

Account Recovery

Individuals with … The post Biden Announces Student Loan Cancellation Plan, Extends Moratorium on Payments appeared first on AccountsRecovery.net. Student Loans Student Loan Debt Cancellation

Legal Challenges to Student Loan Cancellation Plan Launched

Account Recovery

The legal challenges to the federal government’s plan to cancel student loan debt for individuals making less than $125,000 a year have started, with a pair of suits claiming the administration failed to take the proper steps before announcing the plan.

CBO Puts $400B Price Tag on Student Loan Debt Cancellation Plan

Account Recovery

The Biden Administration’s student loan debt cancellation plan will cost the government $400 billion, according to a report released yesterday by the nonpartisan Congressional Budget Office. Student Loans Student Loan Debt Cancellation

Student Loan Debt Relief Scammer Gets 6 Years in Prison

Account Recovery

A Georgia man has been sentenced to six years in prison while also being ordered to pay $910,417 in restitution after pleading guilty in a scam that led to $48 million of federal student loans being fraudulently discharged through a program intended for disabled military veterans.

Auto Loan Amortization Calculator

Nerd Wallet

While auto loan calculators show you a payment that remains the same throughout the life of the loan, the amount you pay toward interest typically changes each month. The amount of interest you pay is based on the loan balance on your payment due date. Auto Loans Loans

Loans 82

SBA Loans vs. Bank Loans: How to Choose

Nerd Wallet

When deciding between a business bank loan and an SBA loan, the right fit will depend on the number of years your business has been in operation, your annual revenue, your credit history and a handful of other factors. Small Business Small Business Loans

Loans 85

How Do Business Loans Work?

Nerd Wallet

When you take out a business loan, you borrow money from a lender and pay it back over time with interest. Small-business loans can help you expand your business, make up for seasonal gaps in your cash flow, cover expenses during a downturn and more. Small Business Small Business Loan

Loans 83

Student Loan Debt Collection System Driving People Into ‘Deeper Hole’, Says Ed. Dept. Official

Account Recovery

The only good thing that happens when an individual defaults on his or her student loan is that debt collectors make money, according to an Undersecretary at the Department of Education who was speaking during a virtual panel discussion earlier this week.

Report Calls for ‘Broad-Based’ Cancellation of Student Loans

Account Recovery

The … The post Report Calls for ‘Broad-Based’ Cancellation of Student Loans appeared first on AccountsRecovery.net. Student Loans Center for Law and Social Policy National Consumer Law Center Student Loan Debt Cancellation

Should You Ask for a Refund on Student Loan Payments?

Nerd Wallet

Hundreds of thousands of borrowers made payments on their federal student loans since forbearance began in March 2020, taking advantage of the opportunity to pay down their balances. The article Should You Ask for a Refund on Student Loan Payments? Loans Student Loans

What to Do With Your Remaining Student Loan Debt

Nerd Wallet

Twenty million people, or nearly 45% of federal student loan borrowers, will see their debt wiped away through President Joe Biden’s student loan cancellation, according to an August press release by the White House. Loans Student Loans

Groups Call on Biden to Extend Student Loan Payment Pause

Account Recovery

” A … The post Groups Call on Biden to Extend Student Loan Payment Pause appeared first on AccountsRecovery.net. Student Loans Student Loan Debt Cancellation

GOP Governors Call on Biden to Withdraw Student Loan Debt Cancellation Plan

Account Recovery

General News Student Loans Student Loan Debt Cancellation

CommonBond Exits the Student Loan Business

Nerd Wallet

CommonBond stopped offering student loans in April 2022 and ended its student loan refinance program in May 2022. Now, CommonBond focuses only on loans for solar panels. Historically, CommonBond offered student loans. Loans Student Loans

Personal Loans Statistics

Credit Corp

With the help of our research provider, Pureprofile, Finder surveyed 1,718 American adults in January 2021 to see how personal loans are being used in the US. of Americans, said they have taken out a personal loan in their lifetime. The average personal loan was $9,928.62.

Does your loan come with Take-Backs™?

Kasasa

Debt Management Personal LoansWe've all been in situations we wish we could erase or change.

Loans 99

PNC Bank Business Loans Review

Nerd Wallet

Our Take The bottom line: PNC business loans are a good option for existing PNC business banking customers who have established businesses and strong credit history. Jump to: Full Review Pros & Cons Pros A varied selection of business loans to offer, including SBA loans.

Banks 79

Report Breaks Down Who Will Benefit From Student Loan Debt Cancellation

Account Recovery

Economy Student Loans Student Loan Debt Cancellation

What Is a Joint Loan?

Nerd Wallet

A joint loan allows you to get a loan with another person, known as a co-borrower, who shares ownership of the loan and responsibility for repayment. Mortgages and auto loans are commonly joint loans, but you can also get a joint personal loan.

Loans 82

Cash Advance Apps vs. Payday Loans: Which Is Better?

Nerd Wallet

The article Cash Advance Apps vs. Payday Loans: Which Is Better? Loans Personal LoansIf asked to picture a payday lender, you might think of a storefront in a strip mall with green dollar signs and neon slogans like “everyday’s payday.”

Bill Introduced in Senate to End Student Loan Moratorium, Prohibit Debt Cancellation

Account Recovery

A bill has been introduced in the Senate that would prohibit President Biden from canceling outstanding federal student loan obligations due to a national emergency while also ending the current moratorium on federal student loan payments. Compliance Student Loans S.4094 Sen.

Student Loan Debt Relief Scammers Sentenced

Account Recovery

Christopher Lyell was … The post Student Loan Debt Relief Scammers Sentenced appeared first on AccountsRecovery.net. Compliance Student Loans Brandley Hansen Christopher Lyell Hoke Nagahori Paul Rehmar Rob Bonta Student Loan Debt Relief Department

Settlement Will Cancel $6B of Unpaid Student Loans

Account Recovery

The Department of Education yesterday announced a settlement in a lawsuit that will see the debts of 200,000 individuals forgiven, wiping out $6 billion in unpaid loans owed by individuals who had filed borrower defense claims that were left pending for years by previous administrations.

CFPB Announces Crackdown on Student Loan Servicers Over PSLF Program

Account Recovery

Student Loans Public Service Loan Forgiveness Rohit Chopra Student Loan Debt Cancellation

CFPB Supervisory Examinations Find Violations of Federal Law by Student Loan Servicers and University-Owned Lenders

Consumer Finance

Press release Student loans SupervisionBlanket withholding of academic transcripts to pressure borrowers to pay cited as unlawful.

The Other Big Student Loan News: Changes to Repayment

Nerd Wallet

This week, all eyes were on student loan cancellation news. And that makes sense: Borrowers waited months for the president to make a decision on his campaign promise to cancel at least $10,000 in student loan debt. Loans Student Loans

Student Loan IDRs Go Under the Microscope

Account Recovery

… The post Student Loan IDRs Go Under the Microscope appeared first on AccountsRecovery.net. Student Loans H.R.

Should You Pay Off a Car Loan Early?

Nerd Wallet

Paying off your car loan early might save you money by reducing the total loan interest you pay. But if you have other higher-interest debt or no emergency savings, the disadvantages of paying off your car loan early could outweigh the advantages. Auto Loans Loans

Loans 82

What Are the Requirements to Refinance a Car Loan?

Nerd Wallet

The requirements for refinancing a car are similar to requirements for getting a car loan in the first place. The article What Are the Requirements to Refinance a Car Loan? Auto Loans Loans

Can You Refinance a Car Loan More Than Once?

Nerd Wallet

You can refinance your car as often as you can find a lender willing to approve a new loan, but finding a lender to refinance again and again could be difficult. When you refinance, you’re replacing your current car loan with a new one — almost always with a different lender.