Submitted by Anonymous (not verified) on Thu, 04/02/2015 - 10:05
When you fall behind on your federal student loan repayment, it feels as if there’s no good news. Collectors call day and night, and the threat of wage garnishment looms large.
Each month, the payment amount due soars. Finally, you throw up your hands and figure there’s no sense in fighting the federal student loan monster.
Submitted by Anonymous (not verified) on Mon, 03/30/2015 - 21:47
No matter how deep your hole of debt, you want to keep bankruptcy as a last resort.
If there’s a way out of debt that doesn’t involve a trip to a bankruptcy lawyer, that’s what you want to do.
After all, bankruptcy costs money and takes time. You have to give up all sorts of financial information, and it doesn’t cover all types of debt.
Submitted by Anonymous (not verified) on Tue, 01/20/2015 - 11:00
I get dozens of questions each day from potential clients, but the top question when it comes to bankruptcy is this: Isn’t it a better idea to settle my debts instead of filing for bankruptcy?
Submitted by Anonymous (not verified) on Mon, 01/12/2015 - 13:00
Midland Funding is a company that buys old credit card debts. But that’s just the tip of the iceberg.
If you go past due on a credit card debt, it’s going to be sold to another company. That’s how credit card companies make their money – by selling old debts that they can’t collect on their own.
Submitted by Anonymous (not verified) on Mon, 01/05/2015 - 13:00
When you’re behind on your bills, you can expect debt collection calls and letters. Depending on how far behind you are, those calls and letters range from the innocuous (hey, it looks like this one slipped your mind … maybe send some money?) to the downright scary (if you don’t pay us right now, we’re going to sue you!).
Submitted by Anonymous (not verified) on Fri, 12/12/2014 - 20:28
The Consumer Financial Protection Bureau, the government consumer protection watchdog, is taking action against two companies that allegedly scammed student loan borrowers.
Submitted by Anonymous (not verified) on Thu, 12/04/2014 - 02:01
It turns out there’s a downside to declining the opportunity to dig yourself into a pit of student loan debt. You probably can’t afford to pay for college any other way. But is that such a bad thing?