There’s been a lot of media attention about President Biden’s new Student Loan Relief Plan, but how do you know if you qualify? And what else does his plan propose? The White House has released a fact sheet, showing the burden of living with student loan debt for years and years after school, and the ever-increasing cost of attending college….
If you have been sued by a creditor for money, the most important thing to do is respond to the lawsuit. Never ignore a lawsuit or complaint because if you do, you will automatically lose! The next thing to do is to contact a lawyer to get a free consultation and see what your rights are. Many times, the creditor…
A recent client from Western Massachusetts shared her experience working with MDRF so she could eliminate her debt and get a fresh start: After getting ill in 2012 (Legionnaires Disease) and nearly dying, I was not physically able to return to work. I had been working 45 hours a week and making good money when I became ill….
In this blog post in the student loan series, we will be talking about rehabilitation and consolidation for defaulted student loans. You default on a loan when you don’t make full payments on your loan for 270 days. There are very real consequences for defaulting on your loans, such as wage garnishment, liability for lawsuit, inability to receive further federal…
To officially kick of our blog series about student loan management options, we are going to discuss income-driven repayment plans. These plans are only available to people with qualifying federal student loans that are in good standing. If your loan is in default you are going to have to rehabilitate your loan before pursuing one of these plans. There are…
Here at DRF, we regularly get calls from people that are struggling with student loan debt. Many of them have not had the chance to learn about several very powerful strategies that can be used to manage and pay off their student debt. Because of this, we have decided to start a short blog series about these management strategies, who…
When you live and spend without following a budget, it can be easy to lose track of how much you are spending and what you are spending it on. Creating and following a budget can make it much easier to prioritize the things that money needs to be used for urgently, and to make sure you aren’t spending more…
Introduction Dara Sandau, Esq., Managing Attorney Sandau Legal P.C. Massachusetts Debt Relief Foundation- Board Member I recently joined the Massachusetts Debt Relief Foundation as a Board Member due to a shared passion for the mission of, “Helping People Overcome Debt with Dignity.” There is nothing more rewarding than making a difference in someone’s life through information and education. Together, these…
Debt can be both confusing and scary, and while there are many people and organizations that will do their best to help, there are also some that see vulnerable people as a chance to make money. For someone struggling with the daily stress of living with debt, a TV ad that promises to solve your debt problem quickly for a fraction of what you owe may seem like a no-brainer. However, frequently the companies that provide these services overpromise and even lie about what they will be able to achieve.
Scammers, people trying to cheat money away from you, may pretend to be a debt collection agency that owns your debt to in order to convince you to send them money. Learn a couple of useful tips about how to identify them, and what to do if a scammer calls you.