Negotiating Student Loan Debt Lawyer, Save Money With Expert Assistance
Negotiating Student Loan Debt Lawyer
When dealing with student loan debt, hiring a lawyer can be a smart move. Our firm specializes in negotiating student loan debt, particularly private student loans. The average private student loan balance in the United States is $50,000, and we understand how overwhelming that can be.
Why Hire Our Firm?
We ensure your private student loan settlements are executed correctly, including proper credit reporting from the lender. Many face trouble with the execution and follow-up of negotiated agreements when they attempt to settle on their own or hire non-lawyers to handle the negotiations.
Proven Strategies and Tactics
Over the years, our strategies and tactics have been honed to address specific lenders and various situations at different points in the collection cycle. For instance, negotiating with a collection law firm requires a different approach than with an internal collection department, even if the lender is the same.
Extensive Experience and Industry Knowledge
With over a decade of experience negotiating with debt collectors, collection attorneys, and banking executives, we have developed a deep understanding of lender behavior. We have successfully negotiated private student loan settlements with major lenders as well as smaller or more obscure lenders. We have successfully negotiated student loan debts with lenders including: Ascent, Brazos Higher Education, Citizens Bank, Citizens One, College Ave, CommonBond, Credible, Custom Choice, Discover Student Loans, Edly, Earnest, ELFI (Education Loan Finance), First Republic Bank, Funding U, INvestEd, Juno, Laurel Road, Lend-Grow, LendKey, MEFA, MPower Financing, Nelnet Bank, PNC Bank, Purefy, Rhode Island Student Loan Authority (RISLA), Sallie Mae, SoFi, Splash Financial, SunTrust (now Truist), Union Federal, U-Fi, Wells Fargo.
Importance of Negotiating Relationships
The student loan industry involves fewer agencies and lenders compared to the credit card industry. Over time, we often negotiate with the same companies and collection agencies repeatedly. These established relationships play a significant role in the results we achieve for our clients.
Do You Need a Lawyer for Private Student Loan Settlements?
If you are facing legal situations such as a lawsuit or a wage garnishment, consider hiring a lawyer because of their training, expertise, and license to practice law. If you negotiate without a lawyer, and the lender decides to litigate, you are going to end up retaining a lawyer anyway.
Our Method vs. Traditional Debt Relief Models
Unlike the traditional “old school” debt relief model, which involves saving up over years, our method focuses on immediate action to prevent legal action while negotiating for a reduced sum payoff. This approach helps improve credit scores faster and reduces the risk of litigation.
Strategic Default on Private Student Loans
For those already in default, negotiating a reduced sum payoff can only improve their credit score. For those current on their loans, strategic defaulting involves a temporary credit score drop but significant monetary savings. This decision should be made after being fully informed of the pros and cons.
Considering Refinancing?
Refinancing can be an option for those with a good credit profile and income. However, many do not qualify due to high Debt to Income ratios. Settlement remains a viable option for those unable to refinance.
Beware of Debt Settlement Scams
The debt settlement industry has a bad reputation for a reason. There are non-lawyers that are telling you that you don’t need a lawyer and then they “mess up” what could have been a better resolution.
Attorney Cook “wrote the book” on student loan debt.
Get Started Today
Ready to become one of our settlement success stories? Our creative strategies can help you overcome obstacles and achieve a successful settlement. Contact us today and start your journey to financial freedom.
Don’t let student loan debt control your life. Contact our firm today to start negotiating your student loan debt. Our expertise can save you money. Contact us to take the first step toward financial freedom.
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