If you failed to meet your debt payments you now owe more due to interests and fees than because of the initial debt principal. (badcreditloanservices.com)
In certain cases, regular debt holdings may be converted to preferred stock as equity contributions when a company seeks relief from its obligations of paying back debt principals at the upcoming due dates. (sapling.com)
That gives you a seven - year window and a rare opportunity to take a substantial chunk out of your student loan debt principal without making a single change to your lifestyle. (elfi.com)