Articles from Consumer Help Central

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Corinthian Found Guilty of Deceiving Students, Paving the Way for Loan Forgiveness

Submitted by Anonymous (not verified) on Thu, 10/29/2015 - 02:01

Judge Gary Feinerman of U.S. District Court for the Northern District of Illinois on Wednesday ordered Corinthian Colleges to pay $531 million to former students of Everest, WyoTech and Heald for deceiving students about potential career prospects.
The lawsuit, filed by the Consumer Financial Protection Bureau, accused the company of “fudging the numbers” and hiring its own graduates to boost job-placement rates and mislead students.

The Ultimate Guide to The Bankruptcy Discharge

Submitted by Anonymous (not verified) on Mon, 10/26/2015 - 22:26

When you’re in debt, the last thing you want to do is file for bankruptcy. Between the costs and the general stress of having to confront the stunning realization that you’ve got nowhere left to turn, the solution just doesn’t feel like much of a solution.
But when you think about it, bankruptcy is like powering down your phone and rebooting. Something wasn’t working right before, but in the blink of an eye it’s all smooth sailing again. And that’s pretty compelling, isn’t it?

How to Get the Federal Government to Pay Your Student Loans

Submitted by Anonymous (not verified) on Wed, 10/21/2015 - 23:58

You’ve heard about certain jobs that allow you to qualify for student loan forgiveness after a period of repayment. But how about just having the federal government pay your federal student loans for you?
No joke. Under a little known program called the Federal Student Loan Repayment Program, some agencies will actually pay your loans for you as a way to get you to take a job or remain in a particular position.

Get Organized To Keep on Top of Student Loan Payments

Submitted by Anonymous (not verified) on Tue, 10/20/2015 - 23:31

 
People have no idea how much they owe on their student loans, and that’s a major reason why default rates as so high.

6 Steps to Preventing a Default Judgment

Submitted by Anonymous (not verified) on Mon, 10/19/2015 - 11:00

When you’re served with a lawsuit for a credit card or other consumer debt, you’re like a deer frozen in the headlights. Maybe you don’t realize you’re being sued. Perhaps you don’t think there’s anything you can do to stop the wheels of justice from turning. Think again.

Lessons From the Chase Bank Credit Card Robosigning Scandal

Submitted by Anonymous (not verified) on Fri, 10/16/2015 - 08:58

Chase Bank agreed in July 2015 to pay more than $200 million to settle claims made by 48 states as well as the Consumer Financial Protection Bureau that it sold faulty credit card debts to third-party collectors.
Understanding what happened provides valuable lessons to anyone who’s being sued for a past due credit card debt.
Chase Halts All Collection Lawsuits

What Are the True Costs of Filing for Bankruptcy?

Submitted by Anonymous (not verified) on Fri, 10/16/2015 - 08:00

No one expects to be over their head in debt and thinking about bankruptcy. But sometimes there’s no other way out of your debt problems, and the only way to get your financial house in order is to wipe the slate clean.
Bankruptcy is designed to be a final option for resetting your finances, bringing your debt under control in an orderly fashion.
But debt freedom doesn’t come for free, so it’s important to understand the full scope of the costs you can expect when you file for bankruptcy.

Keeping Your Car Through Bankruptcy – Good Idea, or Budget Buster?

Submitted by Anonymous (not verified) on Thu, 10/15/2015 - 08:56

My clients who are looking at bankruptcy as a way to get out of debt worry about their car. Is it a good idea to get rid of it in favor of a less expensive vehicle? Will either the court or their car lender force them to surrender the vehicle?

Thinking About a Second Job? Consider These 7 Risks First

Submitted by Anonymous (not verified) on Tue, 10/13/2015 - 11:00

Being in debt is like being overweight; you’ve got too much of a thing you want to get rid of. As with losing weight, the way to get out of debt is a simple equation – spend less money than you make.
There are only two ways for that equation to work, and those involve spending less or making more.
Spending less smacks of deprivation because it means limiting the things you love. Making more, on the other hand, sounds more palatable.

4 Simple Steps to Correcting Errors on Your Credit Report

Submitted by Anonymous (not verified) on Mon, 10/12/2015 - 11:00

It’s been estimated that about 80% of people in the United States have credit report errors.  Those statistics are from 2009, so it’s likely that those numbers are higher in light of the rampant mortgage-related issues over the past few years.

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