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Older Americans Plagued by Student Loans – Looking for Solutions

Older Americans student loans

Student loans and older Americans

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The Consumer Financial Protection Bureau’s recent report on older consumers and student loan debt reveals that college debt continues to be a growing problem for the older-than-60 set. The CFPB found that student debt heavily impacted long-term financial security and stability and promised a rougher road ahead than for generations past.

5 Warning Signs of a Wilmington Debt Settlement Scam

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Don't ignore warning signs of a debt settlement scam

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When debt piles up on Wilmington consumers, there are many solutions to try. Some things to try include cutting back spending, tightening the belt, taking a second job, considering bankruptcy, or a debt settlement plan. The most problematic of these options may be the latter.

Employers Considering Student Loan Benefits

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Does your job offer student loan benefits?

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The job market in America is booming. With a better job market, employers are now competing to attract top talent, and one of the tools in their recruiting arsenal may be student loan-related benefits. Even with plenty of jobs open, student loans continue to be a growing problem with no end in sight for more than 44 million people in the US who owe more than $1.5 trillion in college debt. Here’s some info on looking for benefits from your employer to fight this burden.

Is Charged Off Debt Gone for Good?

Charged off debt

Charged off debt is not gone!

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Greensboro bankruptcy can help deal with lingering debt you can’t afford that is still active under the statute of limitations. But what about charged off debt? We frequently see questions from consumers who assume that once the debt is “charged off” it’s not their problem anymore. This is not true. It can still come back to bite you so here’s what you must know.

5 Tips to Deal with Student Loan Stress

Student loan stress

Suffering from student loan debt stress? You're not alone

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Debt is stressful for everyone, but student loan stress is a special breed of anxiety because of the immense collection powers of the federal government if you don’t pay them back. No matter if you’re fresh out of college or have been in the workforce for years, if you owe student loans you can’t afford, it can drag down your work productivity, impact your relationships, and wreck your quality of life. But there are some ways to cope.

Start With Secured Credit Cards After Wilmington Bankruptcy

Secured credit card

Secured cards help credit after bankruptcy

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Wilmington bankruptcy is the launchpad to a fresh financial start without debt weighing you down and causing stress. Remember that bankruptcy isn’t an end but a beginning. What you do after you get your bankruptcy discharge determines your long-term outcome. One thing to consider immediately is your credit score. Look at how bankruptcy affects your credit score and how secured credit cards help you rebuild.

Student Loan Statistics That Will Stun You – And How Bankruptcy Can Help

Student loan debt

Student loan debt stats that will stun

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Student loans continue to plague American consumers with the latest statistics showing that more than 44 million owe student loans for college. It’s the second largest segment of consumer debt after home mortgages, and the average debt load continues to rise every year.

Can You Keep a Credit Card During Greensboro Bankruptcy?

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Can you keep credit cards after you file bankruptcy?

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Greensboro bankruptcy is life-changing, can get you out of debt and stop debt collector harassment the same day that you file the case. To get that relief, you must face consequences that balance the equation, but they’re usually worth it. One question we’re frequently asked by bankruptcy clients at their initial consultation is whether they can hold back a credit card and keep it for use during and after bankruptcy. The answer is “no,” with one notable exception.

Student Loan Debt Complicates (And Causes) Divorce

Student loans and divorce

Student loans and divorce

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Excessive debt isn’t something anyone wants to deal with – and isn’t an attractive quality to most people. It’s also a known fact that financial stress leads to marital trouble and is a significant driver of divorce. But how do student loans impact marriage and divorce? It’s a complicated issue and one that deserves a closer look.

How Many Times Can You Get a Wilmington Bankruptcy Discharge?

Bankruptcy - how many times

How many times can you get bankruptcy discharge?

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Deep in debt and don’t know how to dig out? Wilmington bankruptcy is a fitting solution for many financial fiascos, but you should use it wisely because it’s not a tool you can use often. Most bankruptcy filers who get a discharge never need to file again. But if you do get into another financial scrape, you might want to know how many times you can get a Wilmington bankruptcy discharge. 

Student Loan Hope for Disabled Veterans – Look for Discharge Letters Coming Soon

Disabled veteran student loan

Disabled veterans with student loans - watch your mailbox!

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Student loans can be burdensome for anyone to repay, but if you’re a disabled veteran, they can be overwhelming when you have a chronic medical condition, health care expenses, and are unable to work. Student loan servicers are notoriously unsympathetic about debt even when evidence proves the debtor is unable to pay back loans. A new program offers hope to disabled veterans saddled with unaffordable student loans.

Delaying Greensboro Bankruptcy Can Be Disastrous

Financial stress

Are you living in a financial sweatbox?

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Have you ever been in a car accident where you felt like time was moving in slow motion? There was the point that you realized you were about to crash, but you didn’t know how bad it would be once it happened. Financial disasters are like that. You usually see them coming but don’t know how bad things will get. Think of Greensboro bankruptcy as the ambulance you call in a financial wreck. It can save you, but the later you wait, the greater the chance for lasting injury.

Student Loans Puts Lives on Hold

Student loans

Are student loans holding you back?

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Student loans are a crisis growing by the day. While many student loan borrowers find a way to afford their loan payments, many others struggle. Some live with a lower quality of life to afford their debt, and many miss out on financial opportunities and delay major life decisions and purchases. It’s known that student loan debt slows rates of marriage, starting a family, and home ownership.

Celebrity Bankruptcy Alert: Lil' Kim Tries to Save Home in Chapter 13

Lil Kim bankruptcy

Rap star Lil Kim files bankruptcy to save her home

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Losing a home to foreclosure is undoubtedly one of the most stressful outcomes from a personal financial crisis. Wilmington bankruptcy is a reliable solution to put the brakes on foreclosure. Both Chapter 7 and Chapter 13 can stop a foreclosure auction, but the path to saving your home differs with each. Even celebrities turn to bankruptcy to keep their homes. One recent celebrity bankruptcy filer trying to shield her house from foreclosure is hip-hop star Lil' Kim.

Court Rejects Student Loan Discharge – Tells Debtor to Stop 401(k), Get Tiny Apartment

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A new bankruptcy court ruling

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A recent court decision is worrisome for struggling student loan debtors. The US Bankruptcy Court issued a harsh ruling in the case of Janice Faye Hopson v. Illinois Student Assistance Commission and U.S. Department of Education. Here’s a look at the case, the unforgiving outcome, and what it means for those struggling to pay their college debt.

7 Things to Do After Greensboro Bankruptcy

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What's next after Greensboro bankruptcy?

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The day you get your bankruptcy discharge is one for celebration. It’s a break-out-the-champagne, dance-in-the-streets moment. With your Greensboro bankruptcy discharge achieved, you’ve wiped out debt, bill collectors aren’t dogging your steps, and you’ve got room to breathe. So, now what? Check out these seven post-discharge steps to make the most of your fresh financial start.

Bankruptcy Victory for Student Loan Debtor

Student loan court verdict

Court verdict offers hope for student loan debtors

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Student loan debtors eyeing bankruptcy relief for their college debt have a cause to celebrate after a recent court victory. A United States bankruptcy court in Iowa just granted a full discharge of student loans in a case that reflects a growing judicial shift on undue hardship and student debt.

Awesome Powers of the Automatic Stay in Wilmington Bankruptcy

Automatic bankruptcy stay

Stop debt collectors with Wilmington bankruptcy

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One of the worst things about a personal financial crisis is dealing with debt collectors. Once you get behind on bills, you can expect your home and cell phones to start ringing, your mailbox to fill with late notices, and to be harassed with calls at work as well. Wilmington bankruptcy can help.

5 Ways to Get Your Student Loans Paid Off (By Someone Else)

Student loans

Need a tip on student loan debt?

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Student loans are a burdensome reality for most college graduates. If you’re struggling with a stack of loans you can't afford, no doubt you’re looking for answers. Advice about brown bagging lunch and skipping Starbucks is nice, but when you’ve got $50k in student loans, it seems like a drop in the bucket.

401(k) Loans Are A Tough Case in Greensboro Bankruptcy

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How 401(k) loans are treated in bankruptcy

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When planning for your future, a 401(k) account helps you plan for your golden years. Many employers provide 401(k) investment opportunities for their employees – and offer a match that can help you set aside even more for your golden years. That account is an asset, and you might not know this, but you can borrow against it. If you file Greensboro bankruptcy, you should carefully consider the fate of your 401(k) and any applicable loans.

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