Debt Reduction Alternatives that Provide Financial Relief Loan consolidation is an approach that lets borrowers take out a new loan with a low rate of interest to payoff high interest loans. Tightened lending criterion has made it difficult for many people to qualify for loans, so the first thing borrowers need to do is check […]
Default on Student Loans: The Negative Effects of Student Loan Default
According to the Department of Education, a total of 225,300 U.S. college graduates had no alternative but to default on student loans- this is the equivalent of 6.7% of all borrowers. Sadly, paying off student debt is not always achievable if suitable employment is not found. Default on Student Loans Ill health, poor employment prospects, […]