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Category Archives: Debt Collection


Prepayment Penalties And Predatory Lending

By Louis S. Schwartz, Attorneys at Law |

Sometimes when a consumer takes out a loan to pay for a house, a car, or to pay for emergencies, it is with the plan to pay off the loan as fast as he possibly can. This may mean that the consumer plans to make several loan payments before they are due in what… Read More »


Registering On The Do Not Call Registry

By Louis S. Schwartz, Attorneys at Law |

When telemarketers are calling you at all hours of the day, you likely want to stop the calls as soon as you can. Some people try to deal with the unwanted calls by registering on the National Do Not Call Registry. Registration on the National Do Not Call Registry does not mean that all… Read More »


Federal Student Loan Changes Under The PROSPER Act

By Louis S. Schwartz, Attorneys at Law |

A bill has recently been introduced in the U.S. House of Representatives that could affect hundreds of thousands of student loan borrowers who are hoping to use the Public Service Loan Forgiveness program to pay off their loans. Under the Promoting Real Opportunity, Success and Prosperity through Education Reform (PROSPER) Act, the loan forgiveness… Read More »


Protections Under The Servicemembers Civil Relief Act

By Louis S. Schwartz, Attorneys at Law |

Serving in the military can sometimes mean that a person is unable to take care of some financial obligations, which could lead to foreclosure or other actions for repossession of collateral assets by lenders. In recognition of the extraordinary circumstances that military servicemembers face while they are on active duty that may under some… Read More »


Disputing Incorrect Information With Creditors And On Credit Reports

By Louis S. Schwartz, Attorneys at Law |

Incorrect information on a credit report can have a negative impact on a person’s credit score, and therefore affect the person’s ability to get low interest loans, and even affect a person’s employment prospects in some industries. Because of this, it is important for a person who notices incorrect information on his credit report… Read More »


What Can Debt Collectors Tell Consumers About The Statute Of Limitations On The Debt Owed?

By Louis S. Schwartz, Attorneys at Law |

Consumers who owe debts to creditors often have to deal with debt collectors, some of whom may make the debt collection process quite unpleasant. However, even when a debt collector is not being abusive, or harassing the consumer, the debt collector may not always be giving the consumer the information the consumer is entitled… Read More »


Credit Counseling To Manage Debt

By Louis S. Schwartz, Attorneys at Law |

Getting behind on bills can cause a lot of stress and could mean making some difficult decisions at the end of each month on which debt payments are made on time, and which payments are missed. Unfortunately, once a person starts missing payments, it gets more and more difficult to get caught up and… Read More »


A Car Owner’s Rights During Repossession

By Louis S. Schwartz, Attorneys at Law |

Having a car loan can sometimes be stressful but necessary, especially if someone needs a reliable car to go to work, grocery shopping, doctor’s visits, school or other necessities, in an area without consistent public transportation. If the car owner cannot make the monthly payments, he can lose the car in repossession by the… Read More »


Dismissal of Creditor Lawsuits

By Louis S. Schwartz, Attorneys at Law |

There have been recent news reports about the dismissal of several student loan collection lawsuits filed by an entity that owns most of the country’s private student loan debt. The dismissal of the lawsuits has been primarily because the entity suing the student loan borrowers could not prove that it owned the loans in… Read More »


Predatory Lending And Consumer Debt

By Louis S. Schwartz, Attorneys at Law |

While people should be expected to take ownership of their choices and responsibility for the debts they acquire, falling into unmanageable debt cannot always be blamed on the borrower. In some situations, one of the main factors in the borrower defaulting on the debt is that he is the victim of predatory lending. Predatory… Read More »

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