Student-loan company Navient is barred from servicing federal loans in a settlement it reached with the CFPB over claims it mismanaged payments.
APR · Not applicable ; Debt Settlement Fee · 15% to 25% ; Minimum Debt Settled · Not disclosed
The best debt settlement companies include National Debt Relief, Pacific Debt Relief, Accredited Debt Relief, Money Management International and CuraDebt. Compare each company’s pros and cons to de...
According to the Consumer Financial Protection Bureau, $100 million will be used to make payments to impacted borrowers in a settlement with the former servicer of student loans.
The Labor Department accused student-loan company Navient of hiring discrimination, and applicants could be eligible for the financial settlement.
Seattle –Brands LLC, has agreed to pay $989,438 to the United States to resolve allegations the company improperly obtained a Paycheck Protection Loan from the U.S. Small Business Administration. Docklight Brands develops and sells hemp derived products, and licenses certain marks for use in connection with state-licensed cannabis products. A False Claims Act qui tam lawsuit originally brought by relator Sidesolve LLC, alleged that the company was ineligible for the federal loan program because of its involvement with cannabis businesses that ...
More than 350,000 people will get small payouts and 66,000 people will have their student loan debt canceled as part of a settlement between student loan company Navient and 38 states. ; Navient was accused of predatory lending, loaning people money despite knowing they had little chance of paying it back and then charging interest that drove those people into debt. ; Prosecutors also said Navient steered people away from programs that would’ve helped them pay the money back quicker and easier.
a loan balance and the lender forgives the remainder. You may need a significant amount of... Bear in mind that while there are legitimate debt settlement companies , there are also many...
Unlike debt consolidation, which merges multiple balances into one loan with a lower interest rate, debt relief (also known as debt settlement) involves third parties negotiating with your creditors to lower your balance and get you out of the red faster. Debt relief isn’t guaranteed — and it comes with high fees, a hit to your credit score and even the possibility of legal action.
If you’re considering a debt settlement company, here’s what you need to know about how it works and how it could impact your credit.