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The Debt Lawyers Blog

Publications on student loan debt, credit card debt, credit report errors and more.

Speedy Student Loan Repayment

Have you heard that large lump sum payments may be key to speedy student loan repayment?  LendEDU recently completed a survey with their findings hitting exactly on that point. As LendEDU states in their article, written by Mike Brown, “The fun years of college, potentially made possible by student loans, inevitably lead to the not-so-fun years...

CREDIT CARD LOSS FOR SMALL BANKS AT AN EIGHT YEAR HIGH

A recent concern within the credit card industry is the growing number of “charge-offs” that are occurring at small banks. A charge-off is where a creditor declares that an amount of debt is not likely to be collected. This occurs when a consumer becomes delinquent on debt, which is usually six months of no payment. Although overall credit card...

Rise of the Jumbo Student Loans

A study released by the Brookings Institute on February 16, 2018 painted a harsh reality for student loan borrowers and the long road of repayment ahead of them. College graduation is supposed to be a time of embarking on the new chapter in your life instead of agonizing over how to make your student loan payment. The student loan crisis echoes...

Make Your Credit Cards Work for You

There is a belief out there that credit cards are bad.  While it is true that having outstanding credit card debt is not a good thing since you'll have to eliminate your credit card debt, it is also true that credit is extremely important to your financial health.  Having access to credit and making payments on time helps establish a foundation...

Private Student Loan Debt Affect Holiday Shopping

If you have private student loan debt, chances are that you are normally strapped for cash. Throughout the year, this can lead to stress and a struggle to cover basic expenses such as rent, groceries, etc. At this time of year, the added pressures of gift-giving, travel, and general merrymaking can really stretch your budget to its limits. Many...

Problems With Debt Settlement Companies: Freedom Debt Relief

With credit card rising to an all-time high in 2017 at a staggering $1.02 trillion dollars in outstanding debt, Americans are looking for ways to eliminate this overwhelming burden. The emotional stress that debt takes on a person creates depression, anxiety, and fear; making one desperate to change their financial circumstance. Many in this...

Sticking to a Budget Doesn’t Have to Be Hard

Remember making a budget when you were just getting started in life as an adult? Thinking back, you realize you had no budget and you wonder how in the world you were able make it on the income you were making. Trouble is, today, you find yourself making more money and you STILL are having trouble making ends meet. How is that even possible? It...