The modern United States Postal Service (USPS) is changing how long it will take to deliver First-Class Mail. You know, the kind where you put a stamp on an envelope and send it. – Source If you still send checks in the mail to pay bills you must now allow at least five days for … Read more
Question Jon, I am a British citizen living in America and have lived here for 10 years. In that time I have accumulated a bit of debt, close to $20,000 USD. I am thinking of moving back to England as I am getting older and want a slower pace of life. I cannot pay off … Read more
Macy Hanson – Crusader Macy Hanson, an attorney out of Mississippi appears to have risen to the level of a crusader against some student loan assistance companies. Once a situation escalates to the crusader level and it becomes personal, watch out. Or at the very least, watch the cases closely if you are a client … Read more
Depending upon the circumstances, grief can be all-consuming, and having to face the complexities of dealing with leftover debts can feel like an insurmountable challenge. This is a general guide to assist you in better understanding how to manage a deceased person’s debts. If you remain unsure or generally feel overwhelmed by the task, it’s … Read more
The Consumer Financial Protection Bureau (CFPB) today filed a lawsuit in federal district court accusing a California-based software company and its owner of providing assistance to illegal credit-repair businesses. The CFPB alleges that Credit Repair Cloud and CEO Daniel Rosen have violated the Telemarketing Sales Rule (TSR) and the Consumer Financial Protection Act of 2010 … Read more
Question: Dear Steve, In January 2021, I signed with Worden & Associates/Global Holdings LLC to handle my Debt Settlement situation. At that time, I was $7186 in credit card debt. I was told it would take 4 1/2 years to make a $170.99 monthly payment. They have settled 3 of the five credit card companies. … Read more
A three-count criminal indictment was unsealed yesterday in federal court in the Eastern District of New York charging Roberto Gustavo Cortes Ripalda, 54, of Madrid, Spain; Fernando Haberer Bergson, 48, of Buenos Aires, Argentina; and Ernesto Heraclito Weisson Pazmino, 53, of Miami, Florida, with conspiring to defraud investors and financial institutions as part of an … Read more
A common saying when I was young (in the last century) was the old adage that lawyers are people who wish to make a lot of money but are risk-averse. That observation certainly rang true when I went to law school in the 1970s. I graduated from the University of Texas School of Law with … Read more
Question: Dear Steve, I have multiple payday loans. A company offered me debt relief. Is First Choice Advocacy legit? Jamaal Answer: Dear Jamaal, I have written about First Choice Advocacy before and I would direct you to these posts. The term “legit” is always problematic. I have no idea what that means to you. As … Read more
Parents trying to do a good thing and send their loved kids to college often blindly take out student loans. In the federal loan space, these undergraduate loans are Parent PLUS loans. The best way to think of these loans is where only one parent is financially responsible for the loan, but all the benefit … Read more
Question: Dear Steve, I was doing chemotherapy at the time. I’m a colon cancer survivor. My daughter is a single parent of two small boys and had to move to Tracy, CA cheaper cost of living. I needed to babysit so she could work along with continuing my treatment. Long story short, Anyway, all was … Read more
Question: Dear Steve, In debt and I’m with a debt consolidation company know. Mediator Law Group What is debt validation? Is this a smart way to work on debt? Most of the debt is an unsecured bank loan along with credit card debt. The bank loan is for 38 thousand dollars. Is it unrealistic to … Read more
The Consumer Financial Protection Bureau (CFPB) took action recently against an income share agreement (ISA) provider for mispresenting its product and failing to comply with federal consumer financial law that governs private student loans. Better Future Forward, Inc., through its affiliated companies, provides students with money to finance their higher education, in the form of … Read more
In response to the COVID pandemic, the Department of Education allowed student-loan debtors to skip their monthly loan payments without penalty until September 30, 2021. That pause was recently extended to January 30, 2022. Thanks to the Department’s forbearance, millions of college-loan borrowers are enjoying a respite from making loan payments, knowing that DOE will … Read more
The Department of Education has just announced a new policy that subjects third parties to up to “criminal penalties that include a fine of not more than $20,000, imprisonment for not more than five years, or both, beginning one day after the date of publication of this notice.” It does appear that nonprofits get a … Read more