Legal Updates for Debt Management

Biden Administration Extends Student Loan Payment Suspension Through January 31, 2022

August 6, 2021. The payment suspension for most federal student loans will now last through January 31, 2022.

Biden Cancels Another $1.3 Billion of Federal Student Loans, Provides Debt Relief for Other Borrowers

March 30, 2021. President Biden canceled over a billion dollars in federal student loans for the second time this month and provided debt relief to borrowers with defaulted FFELs.

Biden Cancels $1 Billion of Federal Student Loans

March 18, 2021. Students who previously got partial relief on their federal student loans under a “borrower defense to repayment” claim will get a full discharge.

What the New Stimulus Bill Means for Student Loan Borrowers

March 11, 2021. Under the latest COVID-19 relief bill, student loan forgiveness is tax-free through 2025. However, the bill doesn’t cancel any student loan debt.

U.S. Department of Education Stops Collection Actions, Wage Garnishments, and Treasury Offsets for Federal Student Loans

March 13, 2020. Debt collectors must discontinue collection calls and stop sending collection notices to defaulted student-loan borrowers, as well as end wage garnishments and other monetary intercepts.

Trump Budget Again Proposes Eliminating Public Service Loan Forgiveness

February 10, 2020. The administration’s budget again seeks to eliminate the public service loan forgiveness program,

Why Your Credit Score Might Go Down In 2020

January 23, 2020. FICO is introducing a new credit scoring system that might end up lowering your credit score.

Experian’s New Credit Scoring System Will Consider Trended Data

November 7, 2019. Experian is launching a new credit scoring system that might help people with no credit history or a “thin” credit file get a better score.

Equifax Data Breach Settlement: How to Get Compensation

July 22, 2019. Find out if you’re entitled to a cash payout, free credit monitoring, or another form of compensation from Equifax.

New State Laws Target Student Loan Servicers

May 23, 2019. A growing number of states are passing laws that regulate federal student loan servicers.

You Might Be Able to Raise Your Credit Score With Experian Boost—But Should You?

December 18, 2018. Experian is introducing a new way to potentially raise your credit score, but opting into this service might not be a good idea for everyone.

New Law Gives Cancer Patients a Break on Federal Student Loan Payments

September 28, 2018. Federal law now allows cancer patients to stop making payments on their federal student loans temporarily.

Why Your Credit Score Might Go Up Soon

April 16, 2018. New rules change how credit bureaus can report tax liens and civil judgments.