I’ve previously written about the Holder Rule as something to explore when you have a debt owed over a defective product, like school financed debt. Or maybe it is for something like student loan assistance services when the debt relief company folds. The Holder Rule was originally issued by the Federal Trade Commission (FTC) and …
Recently I wrote Will the Holder Rule Help Me With My Student Loan Debt? and most people are unaware how the Holder Rule may apply if you purchased financed services from one entity and financed it with another. I think this has some big potential in student loan defense but that will have to be …
Question: Dear Steve, The holder rule– does this stand only for when your debt is transferred to a 3rd party collection agency and/or does it affect individuals whose loans were sold to a third party where I am now paying the third party instead of where my loan originated from? I am asking because I …
It has been frustrating watching debtors stuck with loans from private student loans to finance contracts for services that were sold in a deceptive or fraudulent manner. Consumers get left on the hook for unfair and deceptive practices while the underlying companies who profited laugh and the lenders say they have no responsibility. But that …