Best Debt Companys

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Posted By:  |  October 15, 2015

Sheila Bair President of Washington College in Chestertown, MD spoke with MarketWatch explaining what she believes is the real reason is behind the student debt crisis. “You have this dynamic […]

Posted By:  |  October 13, 2015

Student borrowers have long been under the impression that federal student loans may not be discharged through bankruptcy due to poor legal advice. The truth behind the matter is student […]

Posted By:  |  October 9, 2015

Working to payback student debt is what many college students are doing to keep afloat and Dennis Hof, owner of the Bunny Ranch, one of Nevada’s many legal brothels, is […]

Posted By:  |  October 9, 2015

Greece was granted an €86 billion bailout in the second fiscal quarter to release the economic squeeze the country was under. As a requirement of the bailout, Alex Tsipras, Greek […]

Posted By:  |  October 7, 2015

For many young hopefuls the American Dream to attain a college degree, retain a position at an upstanding company and purchase a home have become more like an American Nightmare. […]

Posted By:  |  October 5, 2015

Roughly 25 years ago policy makers strongly encouraged hopeful youth to take out large loans to cover the rising cost of higher education, making bold statements that these borrowers will […]

Posted By:  |  September 11, 2015

As the numbers continually rise on the student loan debt clock, now over $1.3 trillion, a recent survey conducted by MyBankTracker.com concluded that many  student borrowers would go to extreme […]

Posted By:  |  September 10, 2015

SoFi, a leading marketplace lender, announced in a press release the position of big name advisor – Arthur Levitt, the longest-serving chairman of the US Securities and Exchange Commission (SEC). […]

Posted By:  |  September 10, 2015

  Student debt is being viewed as a major problem among Presidential candidates as well as the students carrying that burden, but a new research study shines light on which […]

Posted By:  |  September 8, 2015

Student debt tips the scales at $1.2 trillion with the burden at a record high for graduating students of 2015. Student loan-focused marketplace lending startups like CommonBond and SoFi are […]

Poll

  • How important is it to you for a debt consolidation company to offer financial education resources?
  • Takes your existing debt and try to settle with your creditors for a lower amount. If you pay off the settled amount, your debt will be considered paid in full.
  • Negotiates with your creditors on your behalf.
  • Fee based on a percentage of your total starting debt or a percentage of the debt they save you.
  • Most settlement companies have you create a separate "escrow" account where you will make monthly contributions over a certain amount of time to contribute to your settlement. Once there is a substantial amount of funds to show your creditors, the settlement company will try to negotiate a lower amount of debt.
  • Combines all your debts and creditors into one monthly payment.
  • Allows you to pay one monthly payment to the consolidation company, instead of multiple payments to different creditors.
  • You no longer owe your original creditors; instead you pay one monthly payment to your consolidation company.
  • Consolidation companies can help negotiate lower interest rates on your debts and help lower your total debt payment in the long run. A lower interest rate will lower the amount you owe in the end.
  • Allows you to consolidate all your different debts into one personal loan that can be paid off over time.
  • Can offer borrowers a lower interest rate with a longer payback term (compared to high-interest credit cards or medical bills). This will lower the amount of money required to pay off the loan over time.
  • Personal loan debt consolidation can be an effective way to raise your credit score quickly (within 3-6 months).
  • Borrowers can receive funds from their loan within only a few days.

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