USA Student Loans – Consumer Complaint – October 7, 2021

Consumer Complaint Submission

Consumer Statement: I had USA Student Loans assist with loan consolidation, which they did accomplish. They promised that they were assisting in setting me up in the Student Loan Forgiveness Program, which they did not do. They did change payments to an income-based repayment plan, which is part of the requirement to approach loan forgiveness. … Read more

Public Service Loan Forgiveness Gets Big Boost Towards Delivering Promises

The Public Service Loan Forgiveness federal student loan forgiveness program was designed to attract good people into lower-paying fields that serve the public good. These fields include teachers, firefighters, law enforcement, military, low-income medical care, etc. While President Bush created the program, it was all but murdered under President Trump. As a result, people that … Read more

FTC Opens the Door to More Defense to Repayment Claims for Student Loan Forgiveness

The FTC made the announcement below that seems to open the door for students with federal student loans to explore the possibility of applying for a Borrower Defense Loan Discharge. The Federal Trade Commission put 70 for-profit higher education institutions on notice that the agency is cracking down on any false promises they make about … Read more

California Passes New Law That Settlement Companies Need to Read

The Governor of California has just approved AB 1405 regarding debt settlement practices. Considering the number of debt settlement companies located in especially Southern California, this should create some new risks and liabilities for them. The new law targets not only the companies that sell and perform settlements but also the payment processors as well. … Read more

Should Credit Counseling Be Removed From Bankruptcy?

Question: Dear Steve, My question is about credit counseling courses. What are the chances this bill will pass and credit counseling done away with? Don Answer: Dear Don, I believe you are referring to a proposed bankruptcy law that would adjust the current bankruptcy law and do away with the requirement for bankruptcy credit counseling. … Read more

Can There Ever Be Any Winners in These Debt Relief Lawsuits?

I’ve seen a lot of unfortunate situations in the debt relief space. I’ve written about many, but the problem between the Plaintiffs and Defendants and the mutual attorneys in one particular situation seems to be spiraling to a new level I’ve not seen before. No End in Sight Not long ago I wrote Student Loan … Read more

Bogus Debt Collectors Permanently Banned from Collections in FTC Settlement

Defendants posed as police, attorneys to threaten consumers over fake debts An Atlanta-based debt collection company and its owners will be permanently banned from the debt collection industry under the terms of a settlement with the Federal Trade Commission. In its complaint against Critical Resolution Mediation, LLC, along with Brian Charles McKenzie and Tracy Dottrice … Read more