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The Debt Lawyers Blog

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

Some States Could Pay Your Student Loans for Moving to Them

Paying off student loans can be a lengthy and stressful experience. In fact, many students will carry the burden of student loans for 20 years or more. Certain federal programs offer some relief after a set number of qualifying payments. However, these payments can be unsustainable for some students. Additionally, individuals with private student...

Can Student Loan Debt Collectors Contact My Family Members?

Being in debt can be overwhelming and stressful—especially when your family finds out about your financial struggles. If you have unpaid student loan debt or have recently defaulted on your student loans, it’s likely you’ll start getting calls from a debt collector.  Dealing with debt collection agencies is not a fun process. Not only are debt...

Can Student Loans Help You Build Credit?

As the price of higher education quickly rises, many students rely on federal or private loans to offset the cost. At the end of an undergraduate or graduate program, your student loans may be daunting. However, they could also offer an opportunity to build your credit and credit history. This might be confusing, especially if you have no...

What Does it Mean to Have Your Student Loans Sent to Collections?

If your student loans go into “collections,” it most likely means you will be bombarded with phone calls from debt collection agencies. Most commonly, student loans get sent to collections when a person defaults on their loan. Defaulting on a loan is serious business and can have a negative impact on your financial stability in many ways....

How to Reopen Your Business and Manage Debt Post COVID-19

The pandemic has wreaked financial havoc on businesses around the world. However, small businesses have without a doubt been hit the hardest. The National Federation of Independent Businesses reported that 92% of small businesses said they struggled with negative pandemic-related financial hardships. While the outlook for small businesses...

Pros and Cons of Using Your Savings to Pay Off Credit Card Debt

Are you in over your head with debt and considering dipping into your savings to get back on your feet? Before clearing out your savings account, weigh the pros and cons of “going to zero.” While depleting your savings to eliminate your debt can feel appealing, it puts you at risk of going back into debt in the case of an emergency, unexpected...

How to Deal with Unfair Private Student Loan Practices

In America, student loan debt has reached an all-time high, amounting to a whopping $1.5 trillion. With millions of student borrowers in default on their loans, America’s student loan debt problem has received attention from financial experts and economists alike. Recent research suggests that one of the main culprits of the dramatic rise in...