Student loan headed for default. Original loan amount was 25,000. Consolidated once 15 years ago with new york higher ed. Then loan went back to direct loan. Now serviced thru mohela. Loan amt is now 70,000.Am i able to consolidate again. When i call loan servicer they have no options for me.
By signing up a debt 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 payoff 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.