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The Debt Lawyers Blog

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


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...


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...


How to Pay Off Debts Quicker

Creative Debt Solutions First and foremost, there is no one perfect way to get out of debt.  Every person’s situation is different and needs to be approached with an honest and creative perspective.  It is important to review your money coming in, money going out and then get serious about increasing the one and decreasing the other.  Here are...


Spend Less Money on Food

Food Is One of the Biggest Household Expenses If you have a family of four you can easily spend $1000/month on groceries every month.  This monthly expense adds up quickly.  If you can cut back on food spending by just $200 a month you could save $2400/a year.  If you can cut back by $400/a month you are looking at a saving of $4,800/a year. ...


Student Loan Debt Consolidation

If you are among the 3.3 million Americans with defaulted student loans, do not lose hope. Certainly, the frequent phone calls by your creditor, the knocking at your door, wage garnishment, legal action and similar situations can be intimidating and can cause you a lot of stress. Student Loan Debt Relief But you can do something about it. A...