Who are all these people? People who want to put an end to the student loan crisis. Most are Bankruptcy Judges from the Middle, Southern and Northern Districts. The rest are us committee members who helped to put in place a new Student Loan Modification Program which goes into effect…
How many of us no longer answer our cell phone? With all the caller ID spoofing/disguising nowadays, most people I know don’t answer, opting instead for the caller to leave a voice message. This ensures they want to talk to the caller, and then they call back. The caller may…
A 529 account and/or a Florida Pre-paid account is a no brainer. A 529 account is NEVER taxed. As long as you use the money for educational expenses, the gains from bond interest, stock dividends and stock appreciation is never taxed. You can easily set up an account through Vanguard…
For anyone who has an interest in Public Service Loan Forgiveness, or other forgiveness programs for federal student loans, we were interviewed by attorney Kenneth Landau on his radio show that will be broadcast at 3:00 p.m. today and available as a podcast thereafter at www.NCCradio.org.
Rogers v. Rogers, 12 So.3d 288 stands for the general proposition that student loan debt incurred during the marriage is a marital liability. See, e.g. Smith, 934 So.2d 636, at 641; Adams v. Cook, 969 So.2d 1185, 1187 (Fla. 5th DCA 2007); Banton v. Parker-Banton, 756 So.2d 155, 156 (Fla.…
In the Seventh Circuit, which includes Illinois, Indiana and Wisconsin – the answer is “YES” in a ground breaking ruling against Great Lakes this week. Servicers must tell the truth when a student loan borrower asks questions about their options to repay student loans. Servicers who steer borrowers into…
Which is the better option? Debt management plans have no guarantee that the creditor will accept a negotiated discount. Debt consolidators charge a fee regardless of whether a settlement is reached and often years go by with credit scores dwindling each month. It’s often better to reach a deal with…
Many Floridians have moved beyond the foreclosure crisis and are now in the market to buy a home – we have some credit rebuilding tips in our free e-book “Reboot Your Life After Bankruptcy” https://christiearkovichpa.ac-page.com/bk-ebook-reboot. This e-book is not just for those in bankruptcy, but it also may help those…
The financial website “Marketwatch” released a study of the American people’s money situations. It was disturbing at best. The report found about half of our households live paycheck to paycheck. 19% have zero in savings, while 31% have less than $500. It’s no surprise that nearly half described themselves as…
Reverse mortgages are a great way to provide retirement funding but they do come with traps for the unwary. In a recent Forbes article, “Additional Risks of Reverse Mortgages,” complaints to the Consumer Financial Protection Bureau remain high. Areas of concern include servicers that: make it difficult to coordinate payment;…