Student Loan Default- Next Bubble

Bankruptcy attorneys across the country are alarmed about what they see as another bubble similar to the sub prime debacle: the increasing number of student loan defaults. According to an Association of Consumer Bankruptcy Attorneys (NACBA) survey, 50% of its members have seen a significant increase in the people seeking help with large college debt. 1 in 4 lawyers report the number of these cases they’re handling jumped by at least fifty percent.
Read more: http://www.foxbusiness.com/personal-finance/2012/02/13/student-loan-debt-next-big-economic-shock/#ixzz1mKBCp09y

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About defaultprevention

Default Prevention Specialist since 1998.
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