President Biden has cancelled $1 billion in student loan debt, but who is eligible? The Biden administration will be forgiving student loan debt of individuals whose schools have engaged in misconduct or “misleading” practices. This will apply to approximately 72,000 borrowers. Education Secretary Miguel Cardona states, “Borrowers deserve a simplified and fair path to relief […]
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The foreclosure process differs from state to state. View details about the Wisconsin foreclosure process and laws here. If you are facing foreclosure, you must contact Adrian Consumer Law. Attorney Amanda Adrian will effectively inform you of your rights, and maximize the chances that your home is saved. Multiple strategies can be utilized in order […]
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President Biden has signed the $1.9 trillion COVID-19 stimulus bill into law. The bill includes many benefits such as: Providing $1,400 in direct payments for individuals who make up to $75,000 Distribution of $50 billion to small businesses A weekly federal boost of $300 to unemployment benefits $160 billion allocated to vaccine distribution efforts Link […]
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In the following article, these particular facts about United States student loan borrowers are revealed: Out of 1,059 survey respondents in a new poll titled “Yahoo Finance and Harris Poll” 22 percent responded they have student debt. Out of this 22 percent of respondents, 44 percent stated they have not made payments since March of […]
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The federal government’s income-driven repayment (IDR) program exists to grant low-income individuals debt relief after 20-25 years of monthly payments. However, due to numerous flaws in the program, only 32 borrowers have ever qualified for cancellation of their loans through IDR. This poses as a real issue, as about two million borrowers currently face the […]
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A foreclosure scam occurs when a scam artist identifies their target, by scoping out troubled homeowners in public foreclosure notices. The scam artist then reaches out to these homeowners, falsely stating they can help them embark on a fresh financial beginning. If the homeowners take advantage of the scammer’s false promises, they often are evicted. […]
read MoreWhat is a Chapter 7 discharge? A Chapter 7 discharge occurs at the end of a Chapter 7 bankruptcy case. The court declares that your dischargeable debts are officially wiped out. This allows for the debtor to embark on a fresh financial start. If you find yourself wrestling debt, and are unable to pay it […]
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Lawmakers have been pushing President Biden to forgive $50,000 in student debt per borrower. Many may respond to that fact by stating student borrowers have not been as detrimentally impacted by the ongoing pandemic as other demographic groups. However, numerous facts assert that those who hold student debt have actually been hit hardest by the […]
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Attorney Amanda Adrian is a member of the National Association of Consumer Advocates (NACA). The association prompts peer community networking, which stimulates consistent growth and successful practice of consumer law. Membership offers an advantageous supplement to a lawyer’s expertise in standing up for consumers against abusive business entities. If you are seeking a win as a result […]
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The U.S. Department of Education’s office of Federal Student Aid website serves as a reliable source detailing the latest updates relevant to payment of your student loans. Via the following link, you will find an update stating the COVID-19 emergency relief for student borrowers has been extended through September 30, 2021. The new initiative will […]
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