If you have a FHA mortgage and have not had a face-to-face meeting with your lender, this may be the ticket to stop the foreclosure! Foreclosures are on the rise in Florida: Tampa/St. Pete is up 75%; Orlando is up 198% and Jacksonville is up an astonishing 332%. While Tampa…
The Fair Debt Collection Practices Act (“FDCPA”) and its Florida counterpart, the Florida Consumer Collection Practices Act, (“FCCPA”) require a debt collector or creditor to cease all collection efforts once a consumer acts to preserve their rights. But you have to ask first, and in writing by sending a cease…
In several stunning revelations, Betsy DeVos announced on November 27, 2018 in a press release that the federal government has 1.5 trillion dollars of federal student loan debt (more than credit card debt and auto loans combined). It took 42 years from 1965-2007 for the federal student loan balance to…
Absolutely yes. But admittedly, the bar is pretty low for the creditor pre-litigation to satisfy their obligation. The Fair Debt Collection Practices Act (“FDCPA”) provides that a debt collector’s initial written communication to the consumer MUST effectively convey the following information: Amount of the debt; Name of the entity to…
While there are often legal disputes about what kind of phone system a caller is using, if you are receiving pre-recorded calls, they are usually always a violation of the Telephone Consumer Protection Act (“TCPA”). As 2018 nears an end, there is no sign that these cases are slowing down. …
A recent GAO report showed just how poor of a job that the Department of Education and its various servicers are doing in communicating and explaining options to reduce student loan debt. This is the primary reason why so many people are being declined Public Service Loan Forgiveness. So I’d…
I’m still seeing a ton of misinformation out there. A perfect example of this is someone who consulted with us yesterday and granted us permission to tell her story to hep others. First, this client, we’ll call her Debbie, is a retired teacher who had $73,000 in Parent Plus loans. …
It’s difficult for laypeople (and sometimes bankruptcy attorneys) to believe there are legal options to reduce student loan debt after hearing for years that “student loans are nondischargeable in bankruptcy”. Well, this is not always true. They can be discharged – or partially discharged – and brand new payment terms…
I heard from a client today who attended one of our student loan seminars recently. Many of her colleagues in the military recently submitted their PSLF applications and are now starting to get back denials. Despite completing the ten years of payments while working full time for Uncle Sam, PSLF…
I thought I’d take a few minutes to write a follow up to Jeff Gitlen’s informative piece on consolidation of federal student loans over on LendEDU.com. As a student loan attorney, we have learned several tricks to take advantage of ways to reduce student loan debt while avoiding the traps…