High Risk Borrowers news and trends

CFPB Claims Few Student Loan Borrowers Use Affordable Repayment Options
Loans // May 17, 2017

With 44 million Americans currently in student loan debt, equaling just over $1.4 trillion, paying all of that back can seem like a daunting and never-ending feat to accomplish. The U.S. Department of Education says nearly eight million borrowers haven’t made payments in 12 months,...

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UK Government, Lenders Cooperate on Interest-Free Loans

August 15, 2023
Amid the current cost of living crisis in the United Kingdom, some commercial lenders have joined forces with the British government to offer interest-free loans to high-risk borrowers. The government is funneling 45 million pounds ($57 million) from its Dormant Assets Scheme — previously set aside to redirect money from forgotten accounts to good causes […]

CFPB Claims Few Student Loan Borrowers Use Affordable Repayment Options

May 17, 2017
With 44 million Americans currently in student loan debt, equaling just over $1.4 trillion, paying all of that back can seem like a daunting and never-ending feat to accomplish. The...