A Little Known Secret to Resolving Private Student Loan Debt
Sheryl S
Latest posts by Sheryl S (see all)
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- A Little Known Secret to Getting Private Student Loan Relief – FB - January 11, 2017
- School Scam Victims Can Now Challenge Private Student Loans - December 3, 2016
Here’s what private lending companies don’t want consumers to know…and what thousands are quickly learning about getting relief on their private student loan debt, payments and interest:
Americans may be surprised to learn that people have been able to get their debt, payments and interest reduced by up to 50% on their private student loans, in some cases more. What’s more impressive is that, those in financial hardship, could get relief on their debt for less than what is owed.
With millions of Americans suffering from private student loan debt, it’s time struggling Americans start learning and taking advantage of this service.
A Choice Many Don’t Think Of
The first choice many consumers think of to get relief on their private student loan is trying to refinance them. For those with good credit, this is an attractive option but there’s a catch:
Lenders are only happy to refinance private loans to people who are credit worthy and can show the ability to make the loan payments. Unfortunately, people with poor or fair credit do not qualify for this option. Typically less that 2% of individuals get approved for refinancing and in most cases a co-signer is required.
This is bad news for the millions who are faced with high interest and unpayable debt. Their debt only continues to accumulate. Fortunately, there is a solution. This debt relief option is available to all qualified individuals regardless of credit. With the right help, struggling consumers could get their debt to a place where it is actually affordable.
How Does It Work?
Each program provides, harassment protection, legal coverage and savings guarantees for those that qualify.
Individuals can find out if they qualify and how much they could save by starting the savings review. The savings review asks a few questions about the individuals debt and financial circumstances. For those struggling with their private student loans they can find out how to finally tackle it for good.
If you have any questions or comments, please engage in our discusson below – we look forward to chatting.
“The collectors were hounding my son every day of the week, and at all hours to get him to make monthly payments of $1,000.00 on his private student loans, which was a joke. They even threatened to take me and my son to court and said they would take all our assets. Thanks to Challenge Student Debt, we learned there are laws to protect consumers from these types of actions and ways to get the principal, interest and payments reduced.” – Joanne – Trenton, NJ
“I had no idea how much interest on my loans would be over the years that I was in school. No one had ever told me about this. All of my loans added up to around 35% of my monthly net income but, I could not get them reduced. I went into default and was getting letters from collectors threatening to sue me. I was super stressed, until I found Challenge Student Debt. Now I know I can get relief on my debt based on my financial hardship” – Cindy – Evanston, IL
“After I had maxed out all of my credit cards, I turned to Navient for a Private Student Loan. Within 2 weeks, I had $30,000 deposited into my account. My loan with Navient has grown to $48,000. Navient was demanding $450 monthly. If I were to pay it, I would pay a total $104,000. That has all changed since I have talked to Challenge Student Debt.” – Oliver – Catonsville, MD
“I have $55,000 in Private Student Loans from Navient. This was the worst decision ever. My family had signed me up for these loans because they did not know any better, and now I am the one struggling. I am working full time to simply make ends meet, but I still could not afford the payments and ended up in default. I was way beyond frustrated before I found Challenge Student Debt. My stress is gone now!” – Jessie – Davis, CA
