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The Debt Lawyers Blog

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

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...

Americans’ Mortgage Debt Spikes Despite Pandemic

The pandemic has caused widespread financial burdens and struggles for many Americans. However, despite the prevailing financial uncertainty caused by the Covid-19 crisis, some financial markets have surprisingly remained intact and in some cases, grown. In fact, the housing market has seen a huge boom with mortgage debt and home loans reaching...