In the United States, there are 45 million borrowers that owe almost $1.6 trillion in student loan debt. That number represents the second-highest category of consumer debt, with only mortgages exceeding it. A recent study titled “National Financial Capability Study” conducted by the Financial Industry Regulatory Authority’s Investor Education Foundation…
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The moratorium Governor DeSantis issued on evictions and foreclosures in April has now expired. Unfortunately, Floridians are still being hit hard by the pandemic, and many have yet to return to work, which means it is still very difficult for them to pay their rent or their mortgage. While this…
Loan Lawyers, LLC is licensed to practice law in the state of Florida. If you have a legal matter that you would like to discuss and you are NOT located in Florida, please contact your state’s Bar Association to get the information of a lawyer who can assist you in…
The COVID-19 pandemic has hit Floridians and people throughout the country in extremely difficult ways. In April, just a few weeks after shelter-in-place orders were issued in nearly every state, 22 million people filed unemployment claims. With the virus still circulating in communities, and businesses slowly reopening or still closed,…
Loan Lawyers, LLC is licensed to practice law in the state of Florida. If you have a legal matter that you would like to discuss and you are NOT located in Florida, please contact your state’s Bar Association to get the information of a lawyer that can assist you in…
You may have heard that there is good debt and bad debt. Good debt is typically considered debt that will work for you at some point in the future, such as a mortgage or a student loan. Bad debt, on the other hand, usually consists of consumer debt that will…
Commercial cash management loans are loans that generally have extremely onerous terms for the commercial borrower. Often even if you make the payments on these loans, you can find a commercial loan in default. For example, if your cash flow is not compliant with the terms of the mortgage, the…
As Floridians continue to feel the fallout of the ongoing pandemic, Governor Ron DeSantis has been asked by two advocacy groups to extend the moratorium currently on mortgages in the state. In late September, the Florida Housing Justice Alliance, along with Connected in Crisis, collectively wrote to the governor asking…
It seems as though the year 2020 has not brought a lot of good for the people in Florida, or anywhere else in the country. However, a new study has shown that there is some positive news. According to WalletHub.com, American consumers paid off $118 billion in credit card debt…
