Tag Archives: Loans

Parent Plus Loans: Don’t Believe Your Loan Servicer if They are Telling You Nothing Can be Done to Reduce Payments

Parent Plus Loans are federal loans that a parent or grandparent takes out for their child or grandchild to go to college.  Learn more about these loans, their high default rates and avenues to reduce this type of student loan … Continue reading

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Avoiding the Means Test if Your Student Loans Are Non-Consumer Debts

WHY DOES IT MATTER WHETHER OR NOT STUDENT LOANS ARE CONSIDERED CONSUMER DEBTS? Whether your student loans are considered consumer debts may determine whether you can file a Chapter 7 "straight bankruptcy" case. If you have a lot of student … Continue reading

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Student loans – the other debt crisis

Brookings Institute 2018 In a low unemployment economy, an entire generation is struggling, and millions are failing, to repay student loan debt. As many as 40% of ALL borrowers recently graduating are likely to default over the life of their … Continue reading

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Bankruptcy Basics (Part II) Car, Home, and Furniture Loans

If you are considering bankruptcy, you may be concerned about being able to keep your car and home. The good news is that you will likely be able to keep your vehicle and home. Let’s start with home loans. If … Continue reading

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Top 10 Best Practices For Lenders On Problem Loans

Since the start of the financial crisis, the number of problem loans has increased as real estate values declined, credit markets tightened, and various companies struggled to survive and stay in business during this recession. For lenders who made loans secured … Continue reading

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