The sad part is I see too many borrowers get caught up in the student loan scam that is
private student loan debt settlement.
Private student loan debt settlement options are available, however it is more efficient to first challenge the legal authority of a collection agency's right to collect on a debt prior to just settling, similar to if you were to get a speeding ticket, often consumers hire an attorney to fight the ticket and get it dismissed.
Not exact matches
A collection agency, whether through the US government or
private lender, won't usually settle a defaulted
student loan debt if it's less than the amount that the lender is likely to receive over the life of the original
loan — so negotiation is essential during
settlement talks.
Learn about
debt settlement services to resolve
private student loan debt next.
Private student loans, usually issued by banks, are a better target for
debt settlement than federal
student loans.
Private student loan debt will qualify for
debt settlement.
Debt settlement will be the next best solution for us to use to resolve your private student loan d
Debt settlement will be the next best solution for us to use to resolve your
private student loan debtdebt.
The closest alternative to
private student loan forgiveness would be settling a
debt through a
debt settlement service.
Keep your federal on the IBR or other income driven repayment program, get rid of your unsupportable consumer
debt, and be aware that the
private student loan may disappear and resurface later but get help at that time to negotiate a
settlement arrangement on it.
Basically, you can apply the principles of credit card
debt settlement for
private student loans.
And my fee is pretty small in comparison to how much money they save on their
student loan debt once we get them into a
loan program for federal
student loans or a
debt settlement for
private student loans.
Consumers in Michigan may either have their
private student loan debt settled on a
debt settlement program where they could pay back a fraction of what's owed, which may result in negative credit.
If you live in San Antonio —
debt settlement,
debt consolidation,
debt validation, federal
student loan consolidation and
private student loan relief is all available right here at Golden Financial Services.
In my
private student loan settlement law practice, I have learned that lenders tend to treat
private student loan debt like any other unsecured
debt (like credit card
debt).
After filling out the form above, consumers may obtain information and quotes on credit card and
debt consolidation programs,
debt settlement programs,
private and federal
student loan relief programs and credit repair options are available.
Stay Tuned for Part 2 of our «How to Win a
Private Student Loan Debt Lawsuit» blog series where we will discuss «4 Tips for Settling Your
Debt Lawsuit with a
Debt Settlement Before It Goes To Trial»