Yearly Archives: 2018

Inside the National Collegiate Student Loans Trust

Many former college students who default on their private student loans find themselves facing a lawsuit brought about by the National Collegiate Student Loans Trust; but who are they and what role do they play in the student loan process?

Student loans are something that roughly every college student has considered taking out or had to take out while in school. This is usually the last resort for some, as the funds in the form of grants, awards, and scholarships are just not enough. Meanwhile, a college education wouldn’t be possible without student loans for many other students. In 2012 alone, 66% of public school attendees and 74% of private school attendees had student loans. While the U. S. Department of Education handles all federal student loans, numerous entities are involved in issuing and collecting on private student loans.  

What is a Proof of Demand Letter?

When it comes to real estate, some of the most complex cases involve foreclosure. People affected by foreclosure are often left wondering if it’s possible to win a case against a bank when money was borrowed but not paid back. Foreclosure law is not black and white; it contains shades of grey as well, and…

Does it make Sense to have more than one Credit Card?

Unfortunately, for many people, it’s far too easy to fall into the trap of debt. Credit cards are the easiest means by which a person can end up owing considerable debt. Too often, those with heavy debt also have too many credit cards, so it’s important to determine how many credit cards are appropriate for…

Pros and Cons of Opening a Store Credit Card

One of the most common ways people end up with more credit cards is through in-store promotions. Sales associates often ask customers if they want to save 15 or 20 percent on their purchase that day by offering the discount for a credit card application. When the shopper answers with a “yes,” the application runs…