test By Clay Wyatt, Contributor Posted by New Jersey Bankruptcy Attorney, Lee M. Perlman Do you know someone who is in debt? It wouldn’t be surprising if you do. About a third of Americans with a credit file have debt in collections, according to a 2014 report by Urban Institute. Whether this person asks you […]
13 Student Loan Terms You Need to Know
Submitted by New Jersey Bankruptcy and Financial Attorney, Lee M. Perlman If you are paying back a student loan, you might be confused about some of the terminology. At Credible, we see borrowers and graduates everyday ask our customer care how they can get the most out of their student loans. Understanding these terms can […]
How to Maximize Your Federal Student Loan Refinancing Savings
Submitted by Lee Perlman, New Jersey Bankruptcy Attorney Upon graduation, borrowers are inundated with the task of paying off all of their student related debts. Most graduates will finish their undergraduate degree with federal loans with an average balance of $30,000. At Credible, we see federal student loan borrowers everyday look for options and ask […]
Your Student Loan Help Questions Answered
Submitted by New Jersey Bankruptcy and Student Loan Lawyer, Lee M. Perlman Whether you are struggling to avoid a student loan default or just want to stay on top of your loans, finding student loan help can answer all your questions. Repaying your student loans can be a confusing process, and one misstep could affect […]
5 Student Loan Tips for Recent College Graduates
Submitted by New Jersey Bankruptcy Attorney, Lee M. Perlman. After graduation, student loan management is the last thing you want to think about. If you have landed your first full-time job, the reality of paying back your student loans is right around the corner. If you have been out several years, this is still an […]
The Repayment Picture of Medical School Loans
According to the Association of American Medical Colleges (AAMC), 84 percent of medical school graduates carry some student loan debt. And the average level of indebtedness has reached a lofty $176,348. For those who have considered a medical profession or currently practice, these numbers are of no surprise. Higher Prices Mean More Debt The AAMC […]
Reminder: What happens to your student loans if your school is shut down
Submitted by Lee M. Perlman, New Jersey Bankruptcy Attorney When you’re told that your college will be shutting down, there can be a lot of uncertainty about what comes next. In light of recent closures of certain for-profit colleges, we wanted to share some helpful advice to help you navigate the situation. This information and […]
Navigating the Thickets of Student Loan Counseling
Navigating the Thickets of Student Loan Counseling APRIL 24, 2015 By RON LIEBER Submitted by New Jersey Bankruptcy Attorney, Lee Perlman As a former student loan borrower himself, President Obama has more than a passing familiarity with the complexities of higher education finance. But in a little-noticed bit of comment last year in an interview […]
The Pros and Cons of Avoiding Credit Cards
Millennials are far more likely than older adults to make do without credit cards. More than 60 percent of millennials — defined as those age 18 to 29 — said they did not have a single major credit card, according to a survey published this week by Bankrate.com. In contrast, 35 percent of adults over […]
Help Is on the Way for Repaying Student Loans
If you are struggling with student loans that you took out before October 2007, there is a new, more generous option in the works that may help you manage your debt payments. In June, President Obama signed an executive order that expanded the “pay as you earn” program, known as PAYE. The program caps monthly […]
