Legal Articles, Bankruptcy & Debt

Student Loan Debt Crisis Spans All Ages

Recent studies show that while younger generations and millennials are having a difficult time with the burden of student loans, so are other age groups like Gen X’ers and Baby Boomers. The student loan crisis is even making an impact on retirement plans.

How Long Will It Take My Court Judgment to Go Away?

The court judgment is a long-term order. In California, the creditor can continue their collections activities for up to ten years in trying to see the debt satisfied. After that, they can also renew the judgment with the court for another ten.

Student Loan Crisis: No Hope in Sight

With interest rates jumping, student loan borrowers are often stretched too thin, both mentally and financially. This is resulting in financial constraints that affect the economy at large, as they are unable to spend on large items like homes and cars.

Have Your Consumer Rights Been Violated Leading Up to A Collections Lawsuit?

Accumulating debt and escalating money problems are often accompanied by a sense of shame. Creditors and debt collectors are usually aware of any typical vulnerability debtors may have and will use that to their advantage.

Student Loan Servicers in Trouble: Navient May Experience Greater Leniency Than Expected

Sued by both the Justice Department and more recently the Consumer Financial Protection Bureau (CFPB), Navient administrators have said that they will fight back against these lawsuits.

No Process of Service: Will the Judge Dismiss My Case?

Generally, if the process server does not hand the summons directly to you or to someone of age who resides in the home with you, it should not be possible to have a default judgment granted against you.

You May Not Be Judgment Proof Forever

You may be safe from enforcement today, but a judgment is usually good for ten years and can then be extended for another ten. In the next twenty years, do you still see yourself without a job, without property, and without a checking account?

Collections Lawsuit Deadlines: Understanding How They Work

There is always the temptation to procrastinate or sweep things under the rug, especially when having to face something as intimidating as a lawsuit. However, a response is highly recommended. In some cases, you may even be able to file a late response if you have a valid excuse.

Debts and Default Judgments: Isolating Yourself is Not the Answer

Financial distress can be scary, especially if you do not have enough resources to pay for essential bills. This is challenging if you are the only person in your household, but if there are multiple others depending on you, the situation becomes even more grave.

$890 Billion of Student Loan Debt Belongs to the Women

It has been clear for some time now that more women are attending college than men, so it makes sense that they would be contributing more to tuition costs; however, recent studies point out that student loan debt is becoming a women’s issue.

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