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The Debt Lawyers Blog

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

Creditors like Synchrony Bank have been known to harass consumers over unpaid debt. As a consumer, you should know that you have rights and are protected by specific federal laws. If you think you have been harassed or experienced unethical collection practices, speak to an experienced debt lawyer at McCarthy Law for legal assistance.    If...

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National Enterprise Systems (NES)

National Enterprise Systems (NES) is an Ohio-based third-party collection agency that was founded in 1987. NES has received many consumer complaints regarding its unethical debt collection practices, especially violations of the Fair Debt Collection Practices Act (FDCPA). Behaviors of unethical collection include threatening illegal action...

Does Credit Card Debt Prevent You From Buying a House?

Credit cards are useful tools for building credit and spending money you may not have at the moment. However, their convenience accompanied by financial hardship can make it easy to rack up significant credit card debt that may be challenging to pay off quickly. This debt may have an impact on your ability to buy a house.  Buying a house is a...

Should You Cosign a Friend’s Loan? 3 Risks of Cosigning Any Loan

Friends support each other through difficult times, but you'll rarely see friends willing to cosign a loan. There's a good reason for that. In any relationship, money matters can complicate things. When your friend asks you to cosign a loan for them, they're asking you to take on a big responsibility. Anyone who cosigns a loan application agrees...

How Private Student Loans Can Affect Your Career Choices

Student loans are a rising issue. Private student loans are primarily an issue because they have high interest rates and are not afforded the same options for relief as federal student loans.  However, they are similar to federal student loans in that they are extremely difficult to qualify for bankruptcy. Going to college or university is...

Why You Might Want to Reconsider Cosigning for a Student Loan

While many federal student loans do not require a cosigner, private student loans are different. Federal and private student loans have many differences amongst them, but cosigning is one of the most prevalent.  To qualify for most private student loans, a cosigner is often necessary, if not required by the lender. If you are considering becoming...

Should You Take Out a Student Loan for an Associate’s Degree?

Getting a college degree of any type means you will be spending a considerable amount of money to obtain your diploma. While an associate’s degree will not cost you as much as most higher-level degrees, the average associate’s degree costs about $3,570 at public institutions and $14,587 at private institutions. The debt relief lawyers at McCarthy...

Is Student Loan Debt Handled Differently than Other Debts?

If you have taken out any loan in your life, ignoring it does not make it suddenly disappear. The same can be said for student loans. Like consumer debt, when a borrower takes out a student loan, it is done so with the notion that the money will be repaid, with interest, to the lender.  However, there are cases in which student loans are handled...