Bar Examination Loans – Temple Law

If you are denied for a bar loan based on your credit, you do have the right to appeal directly through the lender. You may be given the option of applying with a cosigner. However, a cosigner does not make up for a borrower’s unacceptable credit history.

Federal & Private Loans – Temple Law

If you do not know what your credit rating is, or if you are concerned that you may not qualify for a private loan due to poor credit, you should obtain a copy of your credit report as soon as possible. Many lenders allow you to pre-apply for a private loan. Your credit will be checked before your application is sent to your school for …

Frequently Asked Questions About Repaying Student Loans – Temple Law

If you do not make your student loan payments or make late payments, your loan will go into delinquent status and may eventually go into default. Delinquent and default student loan status is reported to the credit bureaus, and will have a negative impact on your credit rating and future borrowing ability.

Third Circuit Adopts ‘Reasonable Reader’ Standard for Credit Reports in …

July 11, 2023. The Third Circuit’s opinion in the case of Marissa Bibbs v.Trans Union LLC is a major victory for creditors and credit reporting agencies in the ongoing battle against claims of inaccurate or misleading credit reports asserted under the Fair Credit Reporting Act (FCRA). Bibbs originated from three separate district court cases brought by student loan borrowers who eventually …

Get Your Priorities Straight – The Temple 10-Q

Observers and participants sometimes call chapter 11 bankruptcy a “melting ice cube” because the longer the process takes, the more value slips away. This is undoubtedly true in many cases. But the equal and opposite risk is that haste makes waste.

Preparing for a “Looming” Recession: Practical Tips for Lenders

Preparing for a “Looming” Recession: Practical Tips for Lenders. by James Vandermark (LAW ’09) and Nancy Sabol Frantz, The word “looming” seems to have become very popular during the past several years within the context of describing potential commercial credit maturities and defaults and, more recently, a potential recession.

[PDF] Student Loan Options Chart – law.temple.edu

Must be enrolled at least half-time (5 credit hours) Must be credit-worthy Must be U.S. citizen/national or eligible non-citizen May require at least half-time enrollment (5 credit hours) Must meet lender’s credit criteria Interest Rate 7.05 % Fixed Interest accrues on unsubsidized portion of loan while in school and through grace period and

Alternative Data and Credit Scores: Will it Trigger CFPB Enforcement?

The Consumer Financial Protection Bureau (“CFPB” or “Bureau”) recently announced an effort to better understand how “alternative data” could be used to expand access to credit. Through a formal notice and request for information just published, the CFPB is trying to learn more about the potential to use what it calls “non-traditional” or “alternative” data points to develop …

Planning for Student Loan Repayment – Temple Law

Prioritize your debt. Your goal should be to pay as little in interest on your loans as possible. Sort your list of outstanding loans by interest rate and plan to make larger payments on higher rate loans in order to pay them off more quickly. Lower rate loans can be paid over a longer period of time.

SEC’s Leveraged Loan Market – The Temple 10-Q

The panel gave an overview of the current state of the leveraged loan market. The total of outstanding leveraged loans is estimated to be just under $2 trillion. Of the $2 trillion in outstanding loans, $1.3 trillion is held by institutional lenders.