Debt relief

FTC Sends More than $273,500 in Refunds to People Who Lost Money to Student Loan Debt Relief Scheme

Retrieved on: 
Thursday, May 6, 2021
Debt, Money, Finance, Economy, Debt relief, Student loan, Student debt, Federal Trade Commission

The Federal Trade Commission is sending more than $273,500 in refunds to people who lost money to a student loan debt relief scheme that charged them illegal upfront fees and tricked them into believing their student loan payments would be permanently lowered or eliminated.

Key Points: 
  • The Federal Trade Commission is sending more than $273,500 in refunds to people who lost money to a student loan debt relief scheme that charged them illegal upfront fees and tricked them into believing their student loan payments would be permanently lowered or eliminated.
  • According to an FTC complaint filed in September 2019, Manhattan Beach Venture deceptively marketed payment relief and loan forgiveness programs to people looking for help with their student loans.
  • MBV charged consumers up to $1,400 in upfront fees and led them to believe it went toward their student loans.
  • In 2020, FTC actions led to more than $482 million in refunds to consumers across the country.

TurboFinance Publishes Informational Guide About Debt Relief

Retrieved on: 
Tuesday, March 9, 2021
Finance, Money, Debt, Economy, Debt consolidation, Debt settlement, Debt relief, Debt management plan, Credit counseling, Consumer debt, Bankruptcy, Financial health management

LOS ANGELES, March 9, 2021 /PRNewswire-PRWeb/ -- Professional debt consultants TurboFinance have released their informational guide for consumers looking to mitigate some of their personal debt with debt relief.

Key Points: 
  • LOS ANGELES, March 9, 2021 /PRNewswire-PRWeb/ -- Professional debt consultants TurboFinance have released their informational guide for consumers looking to mitigate some of their personal debt with debt relief.
  • Debt relief programs offer ways for individuals who are financially struggling to help manage some of their debt by arranging for more affordable payments and eventually eliminate their debt.
  • These five methods of debt relief are credit counseling, debt consolidation, debt management, debt settlement, and even bankruptcy.
  • Having worked with many of the best debt relief companies , TurboFinance has found two partners to be exceptional in their commitment to consumers and their results: ClearOne Advantage and American Debt Relief.

Horace Mann Puts Teachers on Track to Reach $100 Million in Public Service Loan Forgiveness

Retrieved on: 
Tuesday, March 2, 2021
Professional services, Consumer, Preschool, Other Education, Continuing, University, Primary, Secondary, Education, Other Consumer, Other Professional Services, Insurance, Finance, Student loans in the United States, Articles, Finance, Money, Debt, Public Service Loan Forgiveness, Horace Mann, Student debt, Student loan, Forbearance, CARES Act, Debt relief

Horace Mann Educators Corporation (NYSE:HMN) announced today that its Student Loan Solutions (SLS) program identified more than $100 million in Public Service Loan Forgiveness (PSLF) opportunities for educators in 2020, bringing the programs lifetime total to more than $350 million.1

Key Points: 
  • Horace Mann Educators Corporation (NYSE:HMN) announced today that its Student Loan Solutions (SLS) program identified more than $100 million in Public Service Loan Forgiveness (PSLF) opportunities for educators in 2020, bringing the programs lifetime total to more than $350 million.1
    The Horace Mann SLS program provides webinar education, online resources and expert loan coaches to help all public school educators get the loan forgiveness they deserve under PSLF and Teacher Loan Forgiveness.
  • Some of the largest school districts in the country recognize the value of the Horace Mann Student Loan Solutions program.
  • Addressing student loan debt can help.2
    It is important to pursue PSLF now, even during the CARES Act student loan forbearance, added Clark.
  • (1) Potential savings of educators assisted by Horace Mann with Public Service Loan Forgiveness from October 2016 through 2020 based on assumptions established by the U.S. Office of Federal Student Aid.

AIG Retirement Services Study Finds Strong Awareness but Minimal Understanding of Public Service Loan Forgiveness Program

Retrieved on: 
Wednesday, February 24, 2021
Insurance, Human resources, Finance, Continuing, Professional services, University, Education, Training, Student loans in the United States, Money, Finance, Debt, Public Service Loan Forgiveness, Economy, Loans, Student debt, Student loan, Debt relief, United States Department of Education, Pay as You Earn

AIG Retirement Services, a leading retirement plan provider for tax-exempt and public sector employers, today announced the results of a new study looking at how nonprofit and public service employees think about student loan debt, student loan forgiveness and the Public Service Loan Forgiveness (PSLF) program.

Key Points: 
  • AIG Retirement Services, a leading retirement plan provider for tax-exempt and public sector employers, today announced the results of a new study looking at how nonprofit and public service employees think about student loan debt, student loan forgiveness and the Public Service Loan Forgiveness (PSLF) program.
  • While 90% of public service employees with college debt indicate awareness of the program, 70% exhibit only a minimal understanding of its rules and requirements.
  • With these concerns as the backdrop, public service employees see the PSLF program as a lifeline critical to their financial wellbeing.
  • Only 12% of public sector employees who are carrying student loan debt receive information from their employer about the Public Service Loan Forgiveness program.

American Fair Credit Council Announces the 2020 Regan Report

Retrieved on: 
Tuesday, February 16, 2021
MEN, Banking, Accounting, Professional services, Family, Consumer, White House, Federal Government, Other Consumer, Other Professional Services, Women, Finance, Public policy, Government, Debt, Debt settlement, Debt relief

The American Fair Credit Council (AFCC) today issued a new independent report illustrating the abundant benefits provided by debt settlement to the millions of consumers who have chosen to take command of their financial futures.

Key Points: 
  • The American Fair Credit Council (AFCC) today issued a new independent report illustrating the abundant benefits provided by debt settlement to the millions of consumers who have chosen to take command of their financial futures.
  • Debt settlement consistently delivers enormous benefits for consumers in desperate need of debt relief, said AFCC CEO Denise Dunckel.
  • This latest iteration of the Regan Report also quantifies other benefits debt settlement provides to Americans struggling with unsecured debt.
  • The American Fair Credit Council (AFCC) is the national association of professional debt settlement companies.

Freedom Debt Relief Survey Reveals Concerning Trends in Health Behaviors, Medical Debt, Cash Flow

Retrieved on: 
Thursday, February 11, 2021
Debt, Economy, Andrew Housser, Credit, Debt relief, Bradford Stroh

The most recent Freedom Debt Relief (FDR) survey reveals shifts in consumer behavior with significant long-term potential impacts.

Key Points: 
  • The most recent Freedom Debt Relief (FDR) survey reveals shifts in consumer behavior with significant long-term potential impacts.
  • Co-founded by Andrew Housser and Brad Stroh, Freedom Debt Relief is part of Freedom Financial Network, LLC, providing innovative solutions that empower people to live healthier financial lives.
  • For people struggling with debt, the custom Freedom Debt Relief program offers the chance to significantly reduce and resolve what they owe more quickly than they could on their own.
  • Headquartered in San Mateo, California, Freedom Debt Relief also operates an office in Tempe, Arizona, and employs more than 2,200.

First Aid Beauty Kicks Off Year Two of $1M+ FAB AID Student Debt Relief Initiative

Retrieved on: 
Tuesday, February 9, 2021
Debt, Money, Finance, Economy, Aid, Fab, Student debt, Student loan, Debt relief

In 2020, the brand began the FAB AID student debt relief initiative to rescue recent college graduates from a different kind of challenge the often-overwhelming weight of student loans.

Key Points: 
  • In 2020, the brand began the FAB AID student debt relief initiative to rescue recent college graduates from a different kind of challenge the often-overwhelming weight of student loans.
  • First Aid Beauty is proud to announce the expansion of FAB AID eligibility requirements based on overwhelming interest in its first year.
  • This year, First Aid Beauty will also be generating incremental funding for FAB AID through our iconic Ultra Repair Cream and new limited-edition FAB AID kits.
  • For more information on FAB AID or First Aid Beauty, please contact Melanie Wiesenfeld at ShopPR [email protected]
    View original content to download multimedia: http://www.prnewswire.com/news-releases/first-aid-beauty-kicks-off-year-...

Critical illness, death and job loss: Canadians strongly support debt forgiveness

Retrieved on: 
Tuesday, February 2, 2021
Articles, Human behavior, Emotions, Moral psychology, Kindness, Religious ethics, Virtue, Empathy, Debt relief, Compassion, Forgiveness

TORONTO, Feb. 02, 2021 (GLOBE NEWSWIRE) -- As much of the country has faced financial hardships throughout the pandemic, the conversation around debt forgiveness has become heightened.

Key Points: 
  • TORONTO, Feb. 02, 2021 (GLOBE NEWSWIRE) -- As much of the country has faced financial hardships throughout the pandemic, the conversation around debt forgiveness has become heightened.
  • A new national survey by Bromwich+Smith highlights Canadian compassion by taking the pulse on which debts they believe should be forgiven.
  • "The collective experience of COVID has likely made us all more compassionate, said Jasmine Marra, Vice President at Bromwich+Smith.
  • Empathy has a critical role in de-stigmatizing debt and helping clients rebuild their worth and thrive.

American Fair Credit Council Welcomes New Chief Executive Officer

Retrieved on: 
Wednesday, January 27, 2021
Banking, Professional services, Human resources, Finance, Debt, Debt settlement, Debt relief, AFCC, Andrew Housser

The American Fair Credit Council (AFCC) today announced that Denise Dunckel has been named Chief Executive Officer (CEO).

Key Points: 
  • The American Fair Credit Council (AFCC) today announced that Denise Dunckel has been named Chief Executive Officer (CEO).
  • Denises vision and expertise will not only strengthen the AFCCs mission but also enhance our capabilities to support consumers struggling with debt.
  • Founded in 2011, the AFCC is the largest association of industry-leading companies advocating for effective and proven debt relief solutions for consumers.
  • The American Fair Credit Council (AFCC) is the national association of professional debt settlement companies.

With Consumer Debt Set to Spike, Debt Settlement Industry Launches Consumer Debt Relief Initiative (CDRI)

Retrieved on: 
Thursday, January 14, 2021
Money, Finance, Debt, Economy, Debt settlement, Debt relief, Bankruptcy, Unsecured debt, Default

WASHINGTON, Jan. 14, 2021 /PRNewswire/ -- Today, the debt settlement industry announced the launch of the Consumer Debt Relief Initiative (CDRI), a coalition of debt relief industry experts advocating for the important option of debt settlement remaining available to consumers burdened by heavy amounts of high-interest, unsecured debt.

Key Points: 
  • WASHINGTON, Jan. 14, 2021 /PRNewswire/ -- Today, the debt settlement industry announced the launch of the Consumer Debt Relief Initiative (CDRI), a coalition of debt relief industry experts advocating for the important option of debt settlement remaining available to consumers burdened by heavy amounts of high-interest, unsecured debt.
  • A powerful voice for the debt settlement industry, CDRI will proactively respond to legislative threats that would weaken or prevent consumers from accessing this vital debt relief option, oftentimes forcing them into default or bankruptcy.
  • The trade association will ensure that debt settlement remains the only choice for American consumers outside of bankruptcy to reduce the amount of debt they owe to creditors, in addition to holding debt settlement companies accountable to consumers.
  • "Millions of Americans are drowning in debt, and they need the option of debt settlement to swim back to safety," said Gordon.