Fed Financial
Can debt management companies help with alternative/private student loans?
I have a alternative/private student loan worth about 25000. Money is real tough. I also have credit car debt as well. I was thinking of going to a credit counseling service. Can they help me with my student loans too?
Public Comments
- Unfortunately, no. I just went through it. It's one of the few things they won't touch. Just credit cards etc. Sorry. You may be able to negotiate payments etc. directly yourself though. Good luck.
- You can not default on student loans. There used to be a loop hole where you could pay them off with a credit card and then file bankruptcy but I believe they closed that. I would chat with a lawyer or credit counselor about it. Be careful picking out who you go with though since some credit counselors are not on the up and up. I can tell you that debt reduction does work. I got mine cut in half and now only have a $300 a month loan payment. Its much nicer to deal with then a bunch of people all wanting $300. Best of luck to you!
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- Every parent or student is eligible to borrow the loan for educational purposes. The loan can be used for admission fees, buying books, accommodation, personal computer and such, which are related to educational expenses of a student. An applicant can approve the student loans with or without pledging collateral to the lenders. This provision is programmed, so that, loan can be easily obtained by the people. If, you are ready to pledge your property as collateral, then the property must carry monetary value for example: land, estate, house, car, jewelries, and valuable documents. Tenants and non-homeowners are also provided the same proposals.
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- Yes, they can take care of student loan too.be careful in selecting CCS...Some are good and some are not....Some of them will rip you off more.... You should use Credit Solution.They managed to settle and reduce my debt (including my mortgage and auto loan) by 58%.This company is very reputable in U.S and very reliable. Hope you'll find the right company to get rid of your debt and be happy :) http://creditsolution.ez-mart.biz
