Creditors’ Rights Represented at 7th National Capitol Hill Day

Creditors’ Rights Represented at 7th National Capitol Hill Day

The CLLA, Commercial Law League of America, is an industry association dedicated to improving the quality of the collections industry, and to representing the Creditors’ Rights industry in Washington. On February 24, this year (2020) the Commercial Law League...
Update on Student Loan Forgiveness

Update on Student Loan Forgiveness

As of January 13, 148 Democrats support Resolution 76 overturning the 2019 Student Loan Forgiveness Rule. This rule is the “rules of the road” for the borrower defense program, scheduled to take effect July 1. The House has stated that the rule, (replacing...
Student Debt Barrells Past $1.5T – Marcadis Singer, PA

Student Debt Barrells Past $1.5T – Marcadis Singer, PA

US Student Debt Balloons Past $1.5T Posted on the August 26, 2018 Source: site The US student loan burden has swelled past $1.5tn despite actual lending volumes falling for more than half a decade, as struggling students fall behind on their payment plans and debt...
Defaults On Student Loans Reach Almost 5 Million, or 13 Percent

Defaults On Student Loans Reach Almost 5 Million, or 13 Percent

Defaults on student loans have reached almost 5 million in Q3, which is double what the rate was 4 years ago. This according to a report in the Wall Street Journal and this number is approximately 13% of loans that are outstanding. Even though there has been steady...
New Bill in Congress to help fight student loan debt

New Bill in Congress to help fight student loan debt

Some new legislation before the U.S. House focuses on helping college students cope with student debt.   The 2017 Student Security Act offers student loan forgiveness for allowing their full-retirement age for Social Security benefits to be raised.   It will...
5 Approaches for Dealing with Student Loan Delinquency

5 Approaches for Dealing with Student Loan Delinquency

5 Approaches for Dealing with Student Loan Delinquency The Federal Reserve Bank of New York published a quarterly report last month on household debt and it showed that student loan delinquencies were still rising. As of Q4 of 2016, 11.2% of all student loans were 90...
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