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Posts Tagged ‘student loan’

Kimmel & Silverman Wins $300,000 for Harmarville, PA Client Against Navient

When Paul DeMuth fell behind on his student loan payments, he started receiving collection calls from Navient, formerly part of Sallie Mae. They called multiple times a day and even when he asked them to stop, they kept coming. He turned to Kimmel & Silverman for help and filed suit. An independent arbitrator found Navient…

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Mountain-size student loan debt causes enormous financial problems for Millennials

For many 20- and 30-somethings, paying off the cost of student loans is a necessary priority, coming before marriage, having a family or buying a house. A recent report titled “Student Loan Affordability” from the Consumer Financial Protection Bureau (CFPB), suggests myriad ways in which student loan debt may be having a ripple effect on…

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College Loans the Next “Debt Bomb”

By K&S on March 21st, 2012 | No Comments

Posted in: Debt Collectors
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According to a report last month from the Federal Reserve Bank of New York, student debt is now at $870 billion, topping the total owed by Americans on credit cards ($693 billion) and even cars ($730 billion). Right now, 27 percent of borrowers are in default. The nation’s bankruptcy attorneys have warned that unpaid student…

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Stop Debt Collectors before They Start: Deferments on Student Loans

Debt Collectors can be nasty and have earned their reputation for not being easy to deal with. It is easier it seems to avoid them altogether, hoping that the problem will go away on its own. Unfortunately, collection agencies have a hard time giving up. They know they are supposed to work within the rules…

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State of Illinois Sues Debt Collector for $23.7 Million

By K&S on October 5th, 2010 | No Comments

Posted in: Debt Collectors
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A Cook County judge ordered the law firm of Friedman & Wexler and its lawyers Mitchell Wexler and Norman Wexler to pay the damages as a result of a lawsuit the Illinois Student Assistance Commission filed in 2006.

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