Posts Tagged ‘borrowers’

Biden administration “forgives” another $7.4 billion in student debt for 277,000 borrowers, effectively transferring that debt to U.S. taxpayers

(NaturalNews) The administration of President Joe Biden has announced another significant debt relief plan that supposedly cancels $7.4 billion of debt for… Source

How barring medical debt from credit scores could impact borrowers

A White House proposal to bar medical bills from being used in credit reporting won’t get rid of the debt itself or prevent future debts from being accrued, but the move could be transformative for many. The Biden administration and debt advocates argue medical debt is not a good predictor of a person’s credit worthiness,… […]

Loophole: Biden Admin Forgives $39 Billion In Student Debt For Over 800,000 Borrowers

As suspected following the Supreme Court’s recent ruling to block the Biden administration’s student loan forgiveness proposal, the administration has created their own loophole to do it anyway. On Friday, the administration announced the forgiveness of $39 billion in student debt for 804,000 borrowers. The new program is thanks to a new regulatory rulemaking process by the Department of […]

Biden Admin Rolls out ‘Easier’ Process for Student Loan Borrowers to Discharge Debt in Bankruptcy

The Department of Justice on Nov. 17 announced a new process that it says will make it easier for individuals struggling with their student loan debt to discharge it in bankruptcy. “The new process will help ensure consistent treatment of the discharge of federal student loans, reduce the burden on borrowers of pursuing such proceedings and […]

These 13 states may hit borrowers with up to $1,100 in state tax liability on forgiven student loans

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Are Nonbank Mortgage Lenders Good For Minority Borrowers?

Above Photo: Mikes pics. Complaints charging two lenders with anti-Black business practices raise questions about growing industry sector. A loan officer at a mortgage company questions a Black loan applicant about household debts, but subsequently invites a less creditworthy white borrower to fill out an application with “no inquiry about credit standing or debts.” He then […]

Student Loan Payments Resume Soon, But Working Borrowers Aren’t Ready

Above photo: A graduating student wears a money lei, a necklace made of US dollar bills, at the Pasadena City College graduation ceremony, June 14, 2019, in Pasadena, California. Robyn Beck/AFP via Getty Images A new Student Debt Crisis Center survey found 89% of fully-employed borrowers aren’t financially secure enough to restart payments. Nearly a third […]

Nearly 40% Of Student Loan Borrowers To Default By 2023

Over three years ago, when the full extent of the student debt crisis was becoming apparent, the Treasury Borrowing Advisory Committee released a startling analysis  and long-term forecast which showed two things: i) up to a third of all student loans are likely to end up unrepaid… … and ii) the total amount […]

Dr. Pierce: Focusing Our Anger

Youtube linkAudio Download To Be Effective, Our Anger Must Be Properly Directed. Dr. Pierce starts by talking about the situation in South Africa shortly after the fall of apartheid and then discusses our predicament worldwide. Source Article from

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