Why Student Borrowers Deserve the Same Tax Break As Homeowners

Students

Why Student Borrowers Deserve the Same Tax Break As Homeowners

Why Student Borrowers Deserve the Same Tax Break As Homeowners

At a time when bipartisanship seems quaint, Senators Dean Heller (R-Nev.) and Debbie Stabenow (D-Mich.) appear to have set aside their ideological differences long enough to collaborate on legislation that would extend the Mortgage Forgiveness Debt Relief Act. Soon after the housing market collapsed, lenders reluctantly began modifying mortgages by abating interest and forgiving loan… Read More

CFPB Takes Action Against 2 Student Loan ‘Debt Relief’ Companies

Students

CFPB Takes Action Against 2 Student Loan ‘Debt Relief’ Companies

CFPB Takes Action Against 2 Student Loan ‘Debt Relief’ Companies

Two firms accused of offering false hope to student loan borrowers seeking lower monthly payments or other debt relief have been sued by the Consumer Financial Protection Bureau, the agency announced Thursday. According to the bureau, both firms “tricked” consumers into paying upfront fees to access federal loan benefits, which in many cases were free…. Read More

How Getting Out of Debt Can Hurt Your Credit

Managing Debt

How Getting Out of Debt Can Hurt Your Credit

How Getting Out of Debt Can Hurt Your Credit

A common concern you may have when searching for the best debt relief solution is how it will impact your credit score. There are many misconceptions about credit reports and the harm that comes from credit counseling, settling debt for less than what you owe and bankruptcy. Your credit report and credit score will heal… Read More

Lawmakers Pressured to Help Troubled Homeowners

Mortgages

Lawmakers Pressured to Help Troubled Homeowners

Lawmakers Pressured to Help Troubled Homeowners

With the looming fiscal cliff, many of the nation’s lawmakers are debating exactly what federal programs and tax breaks to cut in an effort to reduce the national deficit. But some top officials across the country are now fighting for one such allowance. Last week, the attorneys general for 40 states plus Guam wrote a… Read More

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