https://www.europesays.com/2134748/ PAIR Finance Brings Digital-First Debt Collection to Poland and Opens Office in Warsaw #Aktualności #DebtCollection #Management #PAIRFinance #poland #polska
https://www.europesays.com/2134748/ PAIR Finance Brings Digital-First Debt Collection to Poland and Opens Office in Warsaw #Aktualności #DebtCollection #Management #PAIRFinance #poland #polska
#StudentLoans in default to be referred to #DebtCollection, #EducationDepartment says
By ANNIE MA, April 21, 2025
WASHINGTON (AP) — "The Education Department will begin collection next month on student loans that are in default, including the garnishing of wages for potentially millions of borrowers, officials said Monday.
"Currently, roughly 5.3 million borrowers are in default on their federal student loans.
"The Trump administration ’s announcement marks an end to a period of leniency that began during the COVID-19 pandemic. No federal student loans have been referred for collection since March 2020, including those in default. Under President Joe Biden, the Education Department tried multiple times to give broad forgiveness of student loans, only to be stopped by courts.
" 'American taxpayers will no longer be forced to serve as collateral for irresponsible student loan policies,' #EducationSecretary #LindaMcMahon said.
"Beginning May 5, the department will begin involuntary collection through the Treasury Department’s offset program, which withholds government payments — including tax refunds, federal salaries and other benefits — from people with past-due debts to the government. After a 30-day notice, the department also will begin garnishing wages for borrowers in default.
"The decision to send debt to collections drew criticism from advocates, who said borrowers had experienced whiplash and confusion with the changing student loan policies between the Biden and Trump administrations."
Source:
https://apnews.com/article/student-loan-debt-default-collection-fa6498bf519e0d50f2cd80166faef32a
#CharacteristicsOfFascism #Education #DumbingUsDown #Debt #LoanForgiveness for #TheRich, but not #Students!
Unpaid oil debt mounts.
Oceans hid that shame awhile.
Physics keeps calling.
Knowledge is the antidote to fear.
When a debt collector comes at you, your fear is their friend.
They use fear against you to extract money they didn't earn and don't deserve.
But if you know how the law protects you from unfair and abusive debt collection, you have the upper hand.
And you don't have to fear them anymore.
We'll give you the knowledge—for free. Check the link below.
If a debt collector has misled you, lied to you, or tricked you in any way, you get to sue them and make them do the right thing—even if they don't want to.
If I could only use one part of the law to fix debt collection abuse, "false and misleading" is the one I'd use. Because debt collectors fall into this trap all the time.
Now, there are dozens of other ways debt collectors violate this law—especially when they try to sue consumers—but these are the top two.
2. If the debt collector reports ANY information to the credit bureau that's not accurate—any date, any balance, any payment amount, any other number that's objectively false— you've caught them red-handed in a violation.
So if you have a green card showing they got your dispute letter and you have a credit report showing they later told a credit bureau about your debt, and they didn't note that the debt was disputed, you've caught them red-handed in a violation.
This one, we also see a lot. Debt collectors LOVE to report debt to credit bureaus. They don't love reporting those debts ACCURATELY. There are two ways we see this come into play:
1. If you've disputed the debt to the debt collector, and anytime after, they report to a credit bureau, they often "forget" to report that the debt is disputed.
Do you think the balance is wrong? Have they padded their fees or added unauthorized charges? That's probably a violation of §1692e(2) and a good reason to sue for damages.
Subsection (8) bans false reporting to credit bureaus, and bans failing to include that a debt is disputed if reported to a credit bureau.
Here are the ones that we use most often to sue debt collectors and level the playing field for our clients:
Subsection (2) bans false statements about the character, amount, or legal status of a debt, or false statements about fees the debt collector may charge.
This means if they overcharge you, or lie about the amounts due on the account, or mislead you about whether you owe it, they're breaking the law. This may be the single most common reason we sue.
When debt collectors break the law—which happens a LOT more often than you might think—we sue them.
One of our two FAVORITE reasons to sue a debt collector comes from violations of FDCPA §1692e—the ban on "false and misleading" statements used in debt collection.
That section of the Fair Debt Collection Practices Act lists sixteen (16!) specific examples of ways debt collectors break the law when they lie.
Published during my pre-Mastodon life: Michigan's largest utility aimed for a rate hike as it continued to disconnect a large number of customers for nonpayment. In the end, it did get a rate hike -- but for less than 10% what it asked for. My latest for @ProPublica with Sarah Alvarez from Outlier Media.
https://www.propublica.org/article/dte-energy-michigan-rate-hike-disconnection-nonpayment