Category Archives: Loans

As Student Loan Debt Drags Down Economy, Consumer Group Pushes for Repayment Reform

Several years into a slow but steady economic recovery, student loan debt is threatening to wipe away any gains. As our bankruptcy lawyers discussed last week, the investor-led housing recovery could stall as investors pull back and ordinary home buyers fail to step in because they’re grappling with massive student debts. With the average student… Read More »

Getting Credit Cards After Bankruptcy Easier Than Most Consumers Think

Filing for bankruptcy isn’t something to be taken lightly, but the consequences are not as dire as most consumers think. While many folks worry bankruptcy will be the end of their financial freedom, it could actually be a new beginning. Take unsecured credit offers, for example. It’s a commonly held belief that it will be… Read More »

Despite Consumer Protection Laws, Overdraft Fees and Payday Loans On the Rise

Remember back in 2010 when the Federal Reserve enacted new rules meant to protect consumers from the hidden cost of overdraft protection? If you’re like most folks, the answer seems to be no. A new report shows that more people are incurring overdraft protection fees – and banks are reaping the profits. Banks and credit… Read More »

As College Costs Rise, More Borrowers Delay Student Loan Payments on Growing Debts

More than half of student loans in the U.S. are going unpaid due to financial hardship, according to recent data. As of last spring, 51 percent of education loans were in deferment or forbearance – periods in which borrowers are able to temporarily delay payments during times of unemployment, underemployment or other financial difficulty. As… Read More »

Rebuilding Credit After Bankruptcy May Be Easier Than You Think, Say Experts

It’s common knowledge that filing for bankruptcy takes a toll on credit. But it turns out that most of us overestimate the extent of the damage. As a result, millions of people may be missing out on the opportunity to escape a mountain of debt or save their homes from foreclosure with help from bankruptcy…. Read More »