Tips and Advice

Interest on Federal Student Loans Waived by President Trump in Response to COVID-19

On March 13, 2020, President Donald Trump declared a national state of emergency in response to the ongoing spread of the Coronavirus (COVID-19) which is now classified as a global pandemic. As part of this declaration, he announced that there would be a waiver of interest payments on all federal student loans. “I’ve waived interest on all student loans held by federal government agencies, and that will be until further notice,” President Trump said during his statement. At Southwest Recovery Services in Dallas, TX, our team of professional debt collection agents understands how important it is to act with unity during this unprecedented time of crisis, and we feel it is important to spend time clarifying some of the confusion that may be circulating regarding this decision among our clients, and our readers.

Common Reasons Why Someone Won’t Pay a Debt

When people are trying to avoid paying a debt, they could be doing it for a multitude of reasons. Be it fear or uncertainty, they aren’t skipping on their payments for no reason. We’re here to talk about the three common reasons people give for not paying their debts. If you or your organization needs backup getting the money you’re owed, call Southwest Recovery Services. All you need to do is call, and we’ll get started on your case right away with no out-of-pocket costs.

Southwest Recovery Ranked as one of the Top 10 Accounts Receivable Consulting Companies in 2019

Toward the end of the year, many people will be eagerly anticipating tax payments. The average federal tax return is around $ 2,000. For the average person, this amount can be a significant contribution to annual expenses such as vacations, car repairs, and holiday purchases. Tax returns can also be used to pay off debts, but sometimes overdue bills are no longer a priority for debtors. At Southwest Recovery Services in Dallas, Texas, our team of experienced debt collection agents has spent years helping our clients recover lost revenue and settle unpaid accounts.