Category Archives: legal news

Identity Theft Victims Have A New Tool From FTC

Consumers who face identity theft often have no idea how to begin fixing the problem. The FTC has made this process much easier to understand with the creation of a new website that victims can use to create a recovery plan: IdentityTheft.gov.  In the past, many creditors would require a police report first, but now many…

Student Loans are overwhelming America. Is Betsy DeVos Ready?

I have been practicing student loan law for several years now. Just when I think student loans aren’t going to get worse, more depressing news appears. Recently, there have been a flurry of articles pointing out growing disasters in the student loan landscape. From the business-friendly Wall Street Journal  to the public voice of NPR, outlets across…

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…

Public Service Employee? Your Loan Could Be Forgiven In Only Ten Years.

In our last post, we discussed some of the income-based repayment options that exist for federal student loan borrowers. These repayment plans work well for some borrowers, but some other options are available to help reduce student loan debt obligations. One of these other options is Public Service Loan Forgiveness or PSLF for short. PSLF…

Instant Gratification Can Really Cost You

As a so-called millennial myself, I can relate to some of the issues raised in a recent USA Today article. Apparently Millennials (that’s people born after 1980, if you hadn’t heard the term), are turning to quick cash alternatives instead of using banks. Instead of cashing a paycheck or taking out a small loan at a traditional…