There are very few options for refinancing private student loans. For the most part in order to gain any benefit, your credit needs to be significantly better than when you borrowed. They also charge origination fees which can tack as much as 15% more onto your loan balance.
Sub:
#5student loan
Replied on
05-18-2009, 07:57 PM
Also, OP, you may want to try AES. I know a few people, whose student loans were going into 'Default'. I'm sorry, but, I don't know the number off hand. I KNOW if you do a search on the Internet, you can find it.
By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.