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  A Look at Borrowing, Repayment, and Bankruptcy Rates by Age

  Household debt balances increased in the third quarter of 2018, a seventeenth consecutive increase. Total debt balances reached $13.51 trillion, a level more than 20 percent above the trough reached in 2013, according to the latest Quarterly Report...

  • Posted November 19, 2018
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  Are Collections on Credit Reports Out of Control?

  Household debt balances continued their upward trend in the second quarter, with increases in mortgage, auto, and credit card balances, according to the latest Quarterly Report on Household Debt and Credit from the New York Fed’s Center...

  • Posted August 14, 2018
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  10 Lesser Known Benefits of Credit Cards

  The average indebted American household owes over $15,000 which means if you’re one of the few who is not saddled with a mortgage, student loans, or credit card debt, consider yourself lucky. For those of you who...

  • Posted June 25, 2018
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  Warning: Boring But Important Look at Secret Consumer Arbitration Waivers

  Here is a very interesting but technical post from the folks over at Level Playing Field on the use of secret arbitration waivers consumers are bound to but don’t have access to until it’s too late. Some...

  • Posted April 11, 2018
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  Should Seniors be Worried About a Judgment Lien?

  By Eric Olsen Executive Director HELPS Nonprofit Law Firm A senior couple recently contacted me. They were served with legal papers for around $5000 for an old credit card they owed. They had never been sued before....

  • Posted February 28, 2018
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  Your Valentine Isn’t Keen on Adding to Your Debt

  Despite reports of near record-high spending for Valentine’s Day, a new Debt.com survey finds most people are not interested in their partner going into debt to get the perfect gift. In fact, almost half of survey respondents...

  • Posted February 14, 2018
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  Ameritech Financial Warns Federal Student Loan Borrowers Against Strategically Defaulting

  For some people, defaulting on their federal student loans may feel inevitable. For others, it may be a choice. While that choice may be fruitful (though still not advised) in other industries when bankruptcy or settlement becomes...

  • Posted December 14, 2017
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  Who Is More Likely to Default on Student Loans?

  To better understand the determinants of student loan default, we ask the following questions in this blog post: Do default rates differ by college type? How do default rates of dropouts compare to those of graduates, and does this...

  • Posted November 20, 2017
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  Military Servicemembers Get Hosed by Student Loan Servicers

  The Consumer Financial Protection Bureau has put out information that does a great job illustrating how badly military servicemembers have been and continue to be screwed over by crappy student loan servicers. Here is what the CFPB...

  • Posted November 6, 2017
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  Outside the Box Bankruptcy Solutions for Student Loans Really Exist

  While most of our work to reduce and eliminate student loan debt is being done outside of bankruptcy, there are important intersections between student loans and bankruptcy that can lead to tens or hundreds of thousands of...

  • Posted October 18, 2017
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  You May Be Losing Your Retail Store Job to an Online Retailer

  The Federal Reserve Bank of New York just released the following article that I found fascinating. Its more support about how jobs are changing in America and why higher skilled workers, even in retail, are needed and...

  • Posted October 5, 2017
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  Fear Not the Difficulty of Discharging Student Loans in Bankruptcy

  True Because perception is often reality, and the perception is that discharging student loans in bankruptcy is difficult, most folks believe this, attorney and non-attorneys alike. Thus, few ever attempt to discharge student loans via bankruptcy. False...

  • Posted September 27, 2017
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  Major Win for Consumers Against National Collegiate Student Loan Trust is On Hold

  Attorney Richard Gaudreau sent me this timely guest post on the horrible National Collegiate Student Loan Trust mess. This has to be one of the classic debt situations that has no winners on any side. Student loan...

  • Posted September 25, 2017
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  A Day in the Life of a Student Loan Defense Trial Attorney

  Monday, August 28, 2017: 1:30 in the morning comes up fast and hits like a brick. Trial day is an exciting thing for a trial lawyer; it’s almost like a drug. Waking up at 1:30 in the...

  • Posted September 5, 2017
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  Absolutely Do These 3 Things When a Debt Collector Contacts You

  Receiving a call from a debt collector can be stressful. Your first instinct may be to hide or ignore the situation and hope it goes away. But that can make things worse. We have resources to help...

  • Posted July 20, 2017
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