Good riddance to several debt collectors that seemed hellbent on sending all Oregon student loan debtors into bankruptcy. Pioneer Credit Recovery, Enterprise Recovery Systems, National Recoveries, and Coast Professional had all sued earlier this year once the Education Department said it would no longer send them any more accounts under their current contracts. A federal judge on Tuesday has now dismissed all their claims.
The Department of Education had previously stated that these collectors had mislead distressed borrowers “at unacceptably high rates.” With roughly 7 million Americans in default on more than a $100 billion