As a matter of fact, students in the United States have a collective loan debt of $1.5 trillion and with that the number of scammers is increasing. Recently the CFPB (Consumer Finance Protection Bureau) has taken the initiative to educate the masses by issuing warnings and has taken appropriate measures to shut down a few scamming companies too. Here is a list of top signs you need to notice in the company to know whether they are scammers.
In 2018, The US Congress developed a fund to expand the student loan forgiveness program and help the public servants who were in debt and unsettled by the previous forgiveness program. However, this fund has had as many issues as the previous one. It didn’t deliver the results desired because a large number of the people who applied were rejected during the first 12 months – 99% of the applicants. Here, you will find out more about this program, the reasons for the rejections, and if you qualify for it. Let’s get right to it, shall we?
Navient remains to be in the headlines as the student loan servicer is facing action in court brought by various states, the CFPB, and the American Federation of Teachers. Unending borrower complaints claim that the student loan service provider failed to process payments properly and didn’t inform their borrowers regarding payment options.
While the obvious answer may be “yes”, there is a growing concern among many college students (current and former) that they will never be free of this burden. The United States cannot count itself among the several developed countries that offer virtually free college education. Crushing student loan debt is stopping many millennials from buying cars, homes, and even basic necessities.
Student loans have become a hot topic in the United States of late. Many feel overwhelmed by the term and size of their loan(s). Some are trapped in sky-high interest rates and they believe this is permanent. Unfortunately, in some cases, this is true, but in a lot of cases, student loans can be refinanced. There may not be a better time to explore this option than right now.
Puerto Rico’s government is in significant financial disarray. The country’s finances and fiscal policy are controlled by separate entities that cannot agree on what is best for the country. The government is more than $123 billion in debt, and the country lacks the infrastructure to climb out the hole. The citizens are shouldering much of the burden of the country’s bad fiscal management.
When someone thinks about New York City, taxi cabs are often part of the mental image. What most people do not realize is that drivers and/or taxi operators must purchase the right to drive in NYC. A “taxi medallion” is often purchased by investors or the drivers themselves. These medallions are treated similarly to a stock. The value goes up and down, but the market is much less regulated. Over the last 20 years, drivers have been duped into terrible loans required to purchase their medallion and bankruptcies are on the rise.
If you own a company and have had to file for bankruptcy from 2017-2019, you maybe be interested to know that a court case has been filed against the fees implemented by the federal government. These extreme fee hikes are in effect in every state except Alabama and North Carolina, which may strengthen the unconstitutional label the court case is trying to attach to the federal government’s actions.
WOW Air was an Icelandic Airline company that breathed its last breath on the 29th of March 2019. It started back in 2011 as one of the most successful low-cost airline companies providing cheap flights between Iceland and Europe. However, what caused the demise of the apparently successful company was its wish to transform into a more prominent global business.
We have seen many giant retailers succumb to the pressures of an ever-changing retail landscape. The traditional retail business model is all but obsolete. The latest hobbling giant is Pier 1 Imports. While they have not filed for bankruptcy, they have tapped into some resources which are indicative of debt restructuring.