Defaulted Student Loans? The clear path to Default Resolution
According to The Consumer Financial Protection Bureau, there are 8 million student loan borrowers in default.* If you are one of those, you may be asking yourself , How did I get here?
My experience with working with those clients who have student loans has shown me that student loan default could have been avoided had their servicers been forthright with the information they needed to prevent default, and options for student loan default resolution. In the majority of cases that I have seen, the services play hide and seek with vital information, leaving the student loan borrower confused.
Let me assure you that there are several options to not only prevent student loan default, but find a workable default resolution plan. Much of this information is available on the Department of Education websites, however, much of that information is confusing.
Often times, clients ask me to assist them because they are completely frustrated with the whole process and just want to have someone find the best student loan resolution for them. Sometimes student loan borrowers who are in default, just need someone to explain to them the options for Default Resolution. I guide them in the right direction, give them the instructions and the applications, and send them on their way.
If you find yourself in default, and no resolution is clear to you, then feel free to contact my office. I will give you some basic instructions to obtain the information that I need to review, and together we can exercise your best option for Student Loan Default Resolution.
I look forward to hearing from you,
Chris Bush
Bankruptcy and Student Loan Lawyer