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Borrowers who hold eligible federal student loans and have made voluntary payments since March 13, 2020, can get a refund, according to the Department of Education. For some people, that refund ...
Some checks are starting to be sent to certain student loan borrowers even though, as result of a court order, the Biden administration is temporarily blocked from processing debt discharges. SNAP ...
More than $5.2 billion in new debt relief will go to 53,000 borrowers under Public Service Loan Forgiveness programs, which cover people who worked in public service for a decade or more and made ...
Payment protection insurance (PPI), also known as credit insurance, credit protection insurance, or loan repayment insurance, is an insurance product that enables consumers to ensure repayment of credit if the borrower dies, becomes ill, disabled, loses a job, or faces other circumstances that may prevent them from earning income to service the debt.
Loan modification is the systematic alteration of mortgage loan agreements that help those having problems making the payments by reducing interest rates, monthly payments or principal balances. Lending institutions could make one or more of these changes to relieve financial pressure on borrowers to prevent the condition of foreclosure.
Solidarity lending involves collateral-free loans through solidarity groups and village organizations like this one in Bangladesh.. Solidarity lending is a lending practice where small groups borrow collectively and group members encourage one another to repay.
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