Monthly Archives: August 2021

Best Egg Personal Loans Review

Key points: Best Egg offers competitive rates and fast financing to borrowers with good credit. If you only have fair credit, Best Egg probably isn’t your best option. Best Egg charges an assembly fee between 0.99% – 5.99%, while many other lenders charge no fees. on the secure Best Egg …

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Circuit Considers Certain Private Student Loans May Be Discharged Under Section 523(a)(8)(A)(ii) | Jones Day

On July 15, 2021, a three-judge panel of the United States Court of Appeals for the Second Circuit was held at Homaidan c. Sallie Mae, Inc., et al. that the private student loans at issue were not subject to the discharge exemption provided for in section 523(a)(8)(A)(ii) of the Bankruptcy …

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Dr James Kahn on the best personal loans

Dr James Kahn (photo courtesy of Wallethub) In WallethubThe recent review of ‘The Best Personal Loans of 2021’, Dr James Kahn, Professor of Economics at Henry and Bertha Kressel University and Chairman of the Department of Economics at Yeshiva University, was one of many experts asked about how Americans can …

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10 myths about student loans

There are significant and important differences between federal and private student loans. Student loans can impact your credit score, but not always in a negative way. You don’t necessarily have to wait for the Biden administration to get your student loans canceled. Learn more about Insider’s student loan coverage here. …

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1 in 8 families took private student loans in the 2020-21 school year: Here’s how to do it right

According to Sallie Mae, about 13% of college students and their families took out private student loans to help cover the costs of a college education. Here’s how to find out if private student loans are right for you. (iStock) A college degree can open doors for young adults, leading …

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Consensus Establishes Some Private Student Loans Can Be Forfeited in Bankruptcy | Nelson Mullins Riley & Scarborough LLP

Last month, the United States Court of Appeals for the Second Circuit, in Homaidan vs. Sallie Mae, Inc., 3 F.4th 595 (2d Cir. 2021), upheld a New York federal court’s ruling that private student loans are not explicitly exempt from discharge in a Chapter 7 bankruptcy, opening the door to …

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Pay-on-demand eliminates payday loans and overdraft fees for millions of American workers

NEW YORK, August 11, 2021 / PRNewswire / – Millions of working Americans are caught in the vicious cycle of debt as a result of resorting to payday loans and paying expensive overdraft fees to pay their bills on time and make ends meet. However, according to new research from …

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Can you use your student loans for living expenses?

Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We may receive a commission when you click on links to our affiliate partners’ products. There are a few certainties in life: death, taxes, and the fact that the cost …

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3 Same Day Loans That Aren’t Payday Loans

Image source: Getty Images Need a loan ASAP? These quick loans won’t cost you a fortune. When you’re short on cash for an unexpected emergency or a bill that needs to be paid immediately, a quick loan could help. Unfortunately, people in this situation often take out risky and expensive …

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Consumer Reports Alternatives to Payday Loans Surveys

If you are having trouble paying your bills, you might want to consider a payday loan. But be careful! Even with some recent reforms, many of these loans still come with high fees and very high interest rates. The good news is that there are alternatives, and as Consumer Reports …

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Sticking to Regulated Entities for Short-Term Personal Loans: Analysts

The issue of online lending platforms (OLPs) charging exorbitant interest rates and upfront processing fees to borrowers, and harassing them through their debt collectors, is once again in the spotlight. The Delhi High Court heard public interest litigation last week, in which the petitioner alleged that PLOs were charging …

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