SACRAMENTO, CA - A Sacramento attorney who hasn't made a payment on her student loan in over a decade is being sued by the federal government for more than $150,000.
According to a civil suit filed Tuesday in U.S. District Court, Robbin Michelle Coker consolidated multiple student loans in 1996 with a single federally-guaranteed loan of $60,466. The complaint indicates Coker stopped making payments on the new loan 18 months later.
The U.S. Department of Education reimbursed the lender for the defaulted loan and is trying to collect a total of $138,212.23, which includes the original loan amount plus interest which continues accruing at $17.25 per day.
The U.S. Attorney, which filed the suit, is seeking an additional 10 percent "debt surcharge" authorized by federal law.
Federal court records indicate Coker specializes in personal bankruptcies. With few exceptions, student loans cannot be discharged in a bankruptcy.
According to an online directory of attorneys, Coker was licensed to practice law in 1995 following graduation from McGeorge School of Law.
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Wednesday, October 28, 2009
Thursday, October 15, 2009
Bad Credit Consolidation - Can It Help You Get Out of Debt?
Bad credit consolidation is a financial tactic that can help you lower the amount of your bills as well as lowering your interest rate. If you have several types of debt including credit cards, car loans, student loans and personal loans, consolidating them all into one payment may be the best way to go for you. Not only will you save money, but you will only have to make one payment a month. No more worrying about the bills be paid on time.
Every single day we notice companies advertising for these types of services. On the Internet and on television we see ads that offer you a lower interest rate and one payment a month for all of your bills. The one good thing about the bad economy is that these companies are doing what it takes to help you out! It is a win-win situation for you and the company. The company makes money off the consolidation and you save money by having a lower interest rate and making one payment.
Almost all of the advertisements offer an 800 number to call and speak to a representative. Even if you do not want to give away all your personal information, it might still be a good idea and call just to see what types of offers they can give you. There are MANY different companies that do this, so please do not feel like you have to work with the first company that you talk to. Now get out there and save some money by consolidating your debt.
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Every single day we notice companies advertising for these types of services. On the Internet and on television we see ads that offer you a lower interest rate and one payment a month for all of your bills. The one good thing about the bad economy is that these companies are doing what it takes to help you out! It is a win-win situation for you and the company. The company makes money off the consolidation and you save money by having a lower interest rate and making one payment.
Almost all of the advertisements offer an 800 number to call and speak to a representative. Even if you do not want to give away all your personal information, it might still be a good idea and call just to see what types of offers they can give you. There are MANY different companies that do this, so please do not feel like you have to work with the first company that you talk to. Now get out there and save some money by consolidating your debt.
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