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…
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.
At MDRF we work hard to ensure that every client is receiving the best possible representation, which includes filing the correct Chapter. ProPublica and The Atlantic published an eye-opening article about the practice in Memphis, of filing Chapter 13 bankruptcies when the client would have qualified for a Chapter 7, all to get paid. There are two main Chapters for…
Our mission at MDRF is to improve the quality of life for people who are unduly burdened with excessive debt by providing compassionate and effective pro bono legal representation in order to eliminate debt and restore peace of mind. We are committed to elevating our neighbors out of poverty through the elimination of debt, and through providing the information needed to…
Giving Tuesday is here! To show the real impact of your donation, we’re sharing the full speech our client Joanna shared at our Fall Dinner. After reading through her full story, please consider donating $10 and tell others about why you donated on social media. We are working to ensure every Massachusetts resident can start over financially, regardless of their…
Day 5 of Joanna’s Story, shared at the Massachusetts Debt Relief Foundation’s Inaugural Fall Dinner. “I just wanted to take a moment to say thank you to the Mass. Debt Relief Foundation for alleviating many years of stress and anxiety. For me when it came to dealing with money, in all aspects: earning it, spending it, trying to save it, and…
At the Massachusetts Debt Relief Foundation’s Inaugural Fall Dinner, MDRF client Joanna shared her story. In the days leading up to Giving Tuesday we are going to share pieces of what she shared, with her entire speech revealed on 12/1. “I just wanted to take a moment to say thank you to the Mass. Debt Relief Foundation for alleviating many…
At the Massachusetts Debt Relief Foundation’s Inaugural Fall Dinner, MDRF client Joanna shared her story. In the days leading up to Giving Tuesday we are going to share pieces of what she shared, with her entire speech revealed on 12/1. “I just wanted to take a moment to say thank you to the Mass. Debt Relief Foundation for alleviating many…