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…
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…
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…
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…
October 25-31 is National Pro Bono week. All of us at the Mass. Debt Relief Foundation are proud to be a part of the pro bono community. In celebration of pro bono week, we’re going to begin recognizing the superheroes we are fortunate to help every day. In a series of bi-monthly blog posts we’ll share stories of clients who bravely…