Peer-To-Peer Lender Borrower Beware
There's an interesting article in the Star-Telegram about the increase in the number of peer-to-peer loans for college students. The author cites a contraction of student loan lending and restrictions on credit card lending...
Mental Illness Fails To Qualify As Student Loan Hardship
In the bankruptcy case of Robison, Christopher D.; In re (Robison v. Kentucky Higher Education Student Loan Corp., et al.), the bankruptcy court ruled that the debtor's student loan was nondischargeable and that the...
Taking the Offensive in Student Loans
We've all heard the saying that the best offense is good defense. The same goes with student loan debt . The best offense is to be defensive in applying for student loans. Historically, students...
Getting to Know Reaffirmation
Reaffirmation is where you consent to paying back all or part of a debt even though you may not have had to. Before the 1978 Bankruptcy Code put an end to it, creditors used...
Payday Loans: Saving Yourself Today by Buying Trouble for Tomorrow
Increasingly, down-on-their-luck Americans are turning to companies who offer payday loans to make ends meet one month in the hopes that the next will be better, allowing them to pay off the amount of...
Student Loan Debtor Denied Discharge Due to ICRP
A divided 8th U.S. Circuit Court of Appeals panel reversed a decision allowing a Chapter 7 debtor to discharge his student loans because they found that he did not face an undue hardship despite...
Student Loans and Your Financial Health
As the economy worsens, many adults who have experienced a job loss are thinking about returning to school to learn a new skill and become more manageable in today's job market. Unfortunately, getting a...