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Student Loans: “Best Value”(?!), An Erroneous Idea, and Next Steps — MEDIATBANKRY

“We don’t want loans. We want grants!” —Yours truly, circa 2000s, on paying for college “We are creating a ‘lost generation’ of young adults; they’re overwhelmed by their student loans!” —Recent comment from a friend This article identifies two things that are wrong with our student loan system (Exhibits “A” & “B”) and […]

via Student Loans: “Best Value”(?!), An Erroneous Idea, and Next Steps — MEDIATBANKRY

They should also revise the rules that make it next to impossible to discharge a student loan. If the lenders had to worry about student loan debtors discharging their student loans in the same way they can discharge their taxes they would tighten up their lending standards.

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The Fate of the CFPB Consumer Complaint Database? To Be Determined. — Consider The Consumer

Well, what do you think? Should consumers, businesses, etc., be allowed to have access to complaints others have shared about different companies? Should there be a database that holds these in one place? 1,215 more words

via The Fate of the CFPB Consumer Complaint Database? To Be Determined. — Consider The Consumer

I believe that the CFPB consumer complaints database should be public information.

New Consumer Threat: Cell Phone Account Fraud — Consider The Consumer

Cell Phone Account Fraud is the newest consumer threat we must be wary of! This occurs when thieves (and other shady individuals) open up phony cell phone accounts in someone’s name, using the accounts to access bank accounts, sign up for credit cards, or even sell the phone number for other criminals to use. Cell…

via New Consumer Threat: Cell Phone Account Fraud — Consider The Consumer

THE JOURNEY BEGINS WHEN THE PITY PARTY ENDS … STEP TWO! — Clouded Titles Blog

Op-Ed — (continued from the previous post) STEP TWO … The Internet can be a dangerous thing, especially when doing research, trying to find answers to questions surrounding a potential financial issue that could become a crisis, like a foreclosure. One of the reasons why I post blogs is because people share them. Others who are […]

via THE JOURNEY BEGINS WHEN THE PITY PARTY ENDS … STEP TWO! — Clouded Titles Blog

Motions for Summary Judgment — Livinglies’s Weblog

If the homeowner files it most likely it will be denied. If the pretender lender files it, the homeowner should take it seriously. The issue is simple — are there questions or issues of ultimate fact about which the parties disagree. If yes, motion denied. If not, motion is granted. Beware of a potential trap. […]

via Motions for Summary Judgment — Livinglies’s Weblog

 

Homeowners Sue SPS in Class Action Over Failure to Mitigate — Livinglies’s Weblog

Thousands of cases like this one have pointed out that SPS and other servicers like Ocwen do not consult with any investor, do not evaluate the case for settlement, modification or mitigation. The answer to questions arising from the unwillingness of those companies to comply with law stems from the fact that the vast majority […]

via Homeowners Sue SPS in Class Action Over Failure to Mitigate — Livinglies’s Weblog

“Undue Hardship” Discharge — The Top Priority for Student Loan Solutions — MEDIATBANKRY

By: Donald L. Swanson The student loan crisis and potential legislation to solve it are in the news these days. Lots of ideas are bandied about on what legislation might look like. Top Priority There is a top priority for such legislation that dwarfs all others. The number one priority, bar none (and it’s not […]

via “Undue Hardship” Discharge — The Top Priority for Student Loan Solutions — MEDIATBANKRY

That is outrageous that it is easier for someone to discharge unpaid income taxes than to discharge student loans.

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