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DeVos Hits Pause On Student Loan Help

Written by Law Clerk Angelo Banks and Terry Lawson After college graduation most graduates are faced with one common problem: paying back their student loans. There are usually two big reasons student loans are tough to pay back. First, borrowers often aren’t earning enough income at their post-graduation jobs. And second, many borrowers can’t find…

Surprise! Some debt collectors are scam artists.

We hear from plenty of consumers who have received calls or emails from debt collectors.  Many contacts are scary and well beyond the “normal” bad behavior of debt collectors.  Some include threats to turn over debts to prosecutors, or to jail debtors if a debt isn’t paid right away. Often these contacts come from people with official-sounding titles….

Encore Capital Group, Parent of Midland Funding, One of Largest Debt Buyers Punished by NY AG

You are probably vaguely aware of “debt buyers” by now. These are the massive companies that buy up old, stale debt for almost nothing and try to collect it from the unsuspecting consumer. Midland Funding, a subsidiary of Encore Capital Group, is one of several debt buyers active in Missouri courts. Debt buyers like Midland…

Private Student Loan Lenders Prefer Borrowers Who Default?

The CFPB announced today the release of a new report about student loans. The agency’s findings aren’t shocking to those of us on the front lines of this fight. The conclusion? In short, private student loans are a disaster waiting to happen. Some of the issues that the CFPB reported are familiar to us and…

Is The Web Your New Checkbook?

I recently came across a post on ConsumerLedger.com by consumer bankruptcy guru Jay Fleischmann which raised an interesting point that I thought uniquely affects the average consumer. His article lamented the effect of increased debit card usage on consumers’ abilities to accurately manage their checking accounts. Jay’s theory is that the monthly ritual of “balancing…