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Archive for 'student loan'
Kimmel & Silverman Wins $300,000 for Harmarville, PA Client Against Navient
When Paul DeMuth fell behind on his student loan payments, he started receiving collection calls from Navient, formerly part of Sallie Mae. They called multiple times a day and even when he asked them to stop, they kept coming. He...
Read MoreMountain-size student loan debt causes enormous financial problems for Millennials
For many 20- and 30-somethings, paying off the cost of student loans is a necessary priority, coming before marriage, having a family or buying a house. A recent report titled “Student Loan Affordability” from the Consumer Financial Protection Bureau (CFPB),...
Read MoreCollege Loans the Next “Debt Bomb”
According to a report last month from the Federal Reserve Bank of New York, student debt is now at $870 billion, topping the total owed by Americans on credit cards ($693 billion) and even cars ($730 billion). Right now, 27 percent of...
Read MoreStop Debt Collectors before They Start: Deferments on Student Loans
Debt Collectors can be nasty and have earned their reputation for not being easy to deal with. It is easier it seems to avoid them altogether, hoping that the problem will go away on its own. Unfortunately, collection agencies have a...
Read MoreState of Illinois Sues Debt Collector for $23.7 Million
The State of Illinois has won a $23.7 million judgment from a Chicago law firm it once hired to pursue student-loan deadbeats. A Cook County judge ordered the law firm of Friedman & Wexler and its lawyers Mitchell Wexler and...
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