Pressure mounts for Betsy DeVos to address the backlog of 87,000 … – Washington Post

Senate Democrats are urging Education Secretary Betsy DeVos to process the debt relief claims of 87,000 federal student loan borrowers. (AP) Senate Democrats are urging Education Secretary Betsy DeVos to forgive the federal student loans of borrowers who were defrauded by their colleges, as the number of debt relief claims at the Education Department grows. The Washington Post reported…

Freedom Debt Relief: CFPB fundamentally misunderstands debt settlement process – HousingWire

Last week, the Consumer Financial Protection Bureau sued Freedom Debt Relief, the nations largest debt settlement services provider, claiming that the company repeatedly lied to its customers about the companys ability to negotiate debt settlements. According to the CFPB, Freedom Debt Relief collects fees from customers without settling their debts as promised, makes customers negotiate…

Over Your Head in Debt? Freedom Debt Relief Offers 4 Ways to Start Digging Out – Markets Insider

SAN MATEO, Calif., Nov. 13, 2017 /PRNewswire/ — As revolving debt such as credit cards continues to increase, Andrew Housser, co-founder and CEO of Freedom Debt Relief (FDR), offers four signs to spot debt that’s becoming unmanageable. U.S. consumers owe $3.79 trillion in consumer debt. The average household with credit card debt owes nearly $17,000 on…

Over Your Head in Debt? Freedom Debt Relief Offers 4 Ways to Start Digging Out – PR Newswire (press release)

“The large amount of debt these households are carrying is a caution,” says Housser. “Owing that amount, with average interest rates on credit cards more than 16.7 percent, is unsustainable, especially when median household income is just $57,617.” Most people don’t realize they’re over their heads until it is too late, Housser says. Trouble signs…