Debt

MoneySolver Launches New $50,000 Contest to Help Wipe Out Student Loan Debt

Retrieved on: 
Tuesday, June 4, 2019

JACKSONVILLE, Fla., June 4, 2019 /PRNewswire/ -- MoneySolver, a national financial services company that transforms people's lives by helping with student loan, tax, business, and credit situations, recently announced its new #PayMyStudentLoans Contest.

Key Points: 
  • JACKSONVILLE, Fla., June 4, 2019 /PRNewswire/ -- MoneySolver, a national financial services company that transforms people's lives by helping with student loan, tax, business, and credit situations, recently announced its new #PayMyStudentLoans Contest.
  • The contest will award one winner with up to $50,000 to pay down their student loan debt.
  • "We're driven to help people break free from the day-to-day challenges that come with the burden of debt, so running this contest was a no-brainer," said Tom Baumlin, CEO.
  • The Grand Prize winner will have up to $50,000 in student loan debt paid off by MoneySolver.

Paying the Price of Parenting: More than Half of Americans Willing to Go Into Debt to Put Their Child Through College

Retrieved on: 
Tuesday, June 4, 2019

The survey found that 56 percent of Americans would voluntarily go into debt to pay for their child's college education, with the average person willing to take on $31K in debt.

Key Points: 
  • The survey found that 56 percent of Americans would voluntarily go into debt to pay for their child's college education, with the average person willing to take on $31K in debt.
  • If paying for a child's education is a priority, then successfully integrating college funding into one's overall savings and retirement goals is all-important.
  • Talking with a trusted financial planner can help you align your priorities and create a strategy to reach them."
  • On top of the stress of paying for their child's college education, parents also still worry about paying off their own student loan debt.

Progressa Survey Finds 76% of Pay Cheque To Pay Cheque Canadians Lack Confidence In Their Banks Supporting Them During Financial Difficulty

Retrieved on: 
Tuesday, June 4, 2019

Progressa, a Vancouver and Toronto based financial technology company, released findings from its non-prime consumer survey revealing that 76% of respondents thought their banks would not help out in a difficult financial situation.

Key Points: 
  • Progressa, a Vancouver and Toronto based financial technology company, released findings from its non-prime consumer survey revealing that 76% of respondents thought their banks would not help out in a difficult financial situation.
  • Progressa conducted its Annual State of Non-Prime Canadian Consumers Survey.
  • Respondents were asked questions related to their income, expenses, debt load, budget management, and credit monitoring.
  • Our enterprise solutions suite, driven by the 5th Generation Progressa Score, is built for collection agencies and point of sale finance.

Debt Relief Company Earns Coveted 5-Star Rating from TopConsumerReviews.com

Retrieved on: 
Tuesday, June 4, 2019

OVERLAND PARK, Kan., June 4, 2019 /PRNewswire-PRWeb/ --TopConsumerReviews.com has once again awarded their top five-star rating to National Debt Relief, a leader among providers of Debt Relief services.

Key Points: 
  • OVERLAND PARK, Kan., June 4, 2019 /PRNewswire-PRWeb/ --TopConsumerReviews.com has once again awarded their top five-star rating to National Debt Relief, a leader among providers of Debt Relief services.
  • For all of these reasons and more, we are pleased to name National Debt Relief as our highest-ranked service for Debt Relief in 2019."
  • To find out more about National Debt Relief and other Debt Relief programs, including reviews and comparison rankings, please visit the Debt Relief category of TopConsumerReviews.com at https://www.topconsumerreviews.com/debt-relief/ .
  • National Debt Relief helps customers get of debt, with no fees charged for their services until a debt reduction is achieved.

How Debt Collection Agencies Locate Past Due Customers Resulting In Successful Collections

Retrieved on: 
Monday, June 3, 2019

Collection agencies exist to track down individuals who are delinquent and difficult to locate.

Key Points: 
  • Collection agencies exist to track down individuals who are delinquent and difficult to locate.
  • Collection agencies can search credit reports, bills, job applications, taxes and many other sources of information.
  • Because collection agencies locate so many individuals, it makes sense for the agency to pay for access to more elite databases.
  • Experienced debt collection agencies like AccountsReceivable.com have the skill and knowledge to locate these resources and use them effectively.

Inland Private Capital Corporation Completes Record-Breaking Sale of Industry’s Largest Securitized Full-Cycle 1031 Program

Retrieved on: 
Monday, June 3, 2019

Inland Private Capital Corporation (IPC) today announced the sale of a portfolio of three upscale multifamily properties located in Colorado, for a gross sale price of $206.5 million.

Key Points: 
  • Inland Private Capital Corporation (IPC) today announced the sale of a portfolio of three upscale multifamily properties located in Colorado, for a gross sale price of $206.5 million.
  • IPC, through its subsidiary which serves as asset manager, facilitated the sale of the properties on behalf of Colorado Multifamily Portfolio DST, one of its 1031 investment programs.
  • The sale of these properties marks a successful and historic transaction, as it is the industrys largest securitized 1031 program to go full-cycle, said Keith Lampi, president and chief operating officer of IPC.
  • Inland Private Capital Corporation, based in Oak Brook, Ill., offers replacement property investments for persons participating in a 1031 tax deferred exchange, as well as opportunities for accredited investors who are seeking a real estate investment.

Redfin: Millennials Could Buy Homes 3 Years Faster under Sen. Warren's Student Debt Cancellation Plan

Retrieved on: 
Friday, May 31, 2019

If said potential homebuyer spent 10 percent of her income ($549 per month) on debt repayment at the average 5.8 percent interest rate, it would take 3 years to pay off the student debt.

Key Points: 
  • If said potential homebuyer spent 10 percent of her income ($549 per month) on debt repayment at the average 5.8 percent interest rate, it would take 3 years to pay off the student debt.
  • Under Sen. Warren's plan to cancel up to $50,000 in student loan debt, the time it would take to save for a down payment would shrink to 9.4 years.
  • This gift of debt forgiveness could get them into their own home 3.7 years faster than if they'd retained that debt.
  • "If student debt were eliminated, college grads would be able to start building wealth through homeownership, laying down roots and contributing to their communities years earlier in their lives.

Physicians Realty Trust Provides Update on LifeCare Facilities

Retrieved on: 
Thursday, May 30, 2019

Physicians Realty Trust (NYSE:DOC), (the Company, the Trust, we, our and us), a self-managed healthcare real estate investment trust, is providing this update as to its financial exposure to LifeCare Holdings, LLC (LifeCare), which, along with several related entities, filed for Chapter 11 bankruptcy on May 6, 2019 in order to facilitate a sale process under bankruptcy protection.

Key Points: 
  • Physicians Realty Trust (NYSE:DOC), (the Company, the Trust, we, our and us), a self-managed healthcare real estate investment trust, is providing this update as to its financial exposure to LifeCare Holdings, LLC (LifeCare), which, along with several related entities, filed for Chapter 11 bankruptcy on May 6, 2019 in order to facilitate a sale process under bankruptcy protection.
  • The U.S. Bankruptcy Trustee appointed a representative of Physicians Realty Trust to the Official Committee of Unsecured Creditors in relation to the bankruptcy process.
  • LifeCare operates 17 properties across the United States, including three properties owned by the Company.
  • Physicians Realty Trust is a self-managed healthcare real estate company organized to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems.

Red Robin Gourmet Burgers Reports Results for the Fiscal First Quarter Ended April 21, 2019

Retrieved on: 
Thursday, May 30, 2019

The Company funded capital expenditures with cash flow from operations and made net repayments of $10.0 million on its credit facility during the first quarter of 2019.

Key Points: 
  • The Company funded capital expenditures with cash flow from operations and made net repayments of $10.0 million on its credit facility during the first quarter of 2019.
  • The Companys lease adjusted leverage ratio was 4.23x as of April21, 2019.
  • Red Robin will host an investor conference call to discuss its first quarter 2019 results today at 5:00 p.m.
  • There are more than 570 Red Robin restaurants across the United States and Canada, includinglocations operating under franchise agreements.

Ringleader of Student Loan Debt Relief Scheme Liable for $11 Million in Settlement of FTC Charges

Retrieved on: 
Thursday, May 30, 2019

The ringleader of a California-based student loan debt relief scheme has agreed to settle the Federal Trade Commissions charges that he bilked $11 million from consumers who were trying to reduce their student loan monthly payments or get loan forgiveness.

Key Points: 
  • The ringleader of a California-based student loan debt relief scheme has agreed to settle the Federal Trade Commissions charges that he bilked $11 million from consumers who were trying to reduce their student loan monthly payments or get loan forgiveness.
  • The defendants also allegedly promoted a 96 percent success rate in reducing consumers student loan payments.
  • In fact, the FTC alleged, the consumers who purchased these services often did not receive any debt relief and lost hundreds of dollars.
  • The FTC also alleged that the defendants charged consumers illegal upfront fees of $300 or more for these purported debt relief services.