Tag Archive for: student loan

With October closing in and we need to begin paying back our student loans, don’t wait and speak with a professional today to make sure you are up to date on your payments/loans. The professionals at Prosperity Financial Network will review your loans, and give you alternatives and their honest recommendations to get them paid off quick! Here is what creditors love to see.

1. Avoidance of default. Creditors want to avoid the cost and
   hassle of dealing with a defaulted loan, and debt settlement
   offers a way to recover some of the outstanding debt while
   avoiding the risk of default.
2. Faster repayment. PFN Partners can often negotiate a lump
   sum payment or a series of payments that are faster and
   more reliable than trying to collect the debt through other
   means, such as wage garnishment or a lawsuit.
3. Reduced costs. Working with PFN can reduce the costs
   associated with trying to collect a debt, such as legal fees and
   the time and resources required to pursue collection action.
4. Increased recovery rate. By negotiating a lower debt
   balance, PFN can increase the chances of collecting the debt,
   which may be better than the creditor receiving no payment
   at all.
5. Improved customer relations. Creditors may also see debt
   settlement as a way to improve customer relations, as it
   offers a way for the debtor to resolve their debt in a way that
   is more manageable and less damaging to their credit score.

WHY DEBT SETTLEMENT?

• Loss of income. If a consumer loses their job or experiences a significant decrease in income, they may have difficulty making their debt payments and may need to negotiate with their creditors to come up with new payment plans.
• Unexpected expenses. Consumers may incur unexpected expenses, such as medical bills or car repairs, that strain their ability to pay their debts. Debt negotiation may be necessary in these cases to help manage their debts.
• Poor financial management. Some consumers may have difficulty managing their finances and may accumulate too much debt as a result. They may need to negotiate with their creditors to come up with a plan to pay off their debts.
• High-interest rates. Some consumers may have debts with very high-interest rates, which can make it difficult to pay off. In these cases, debt negotiation may be necessary to reduce the interest rate.
• Predatory lending. Some consumers may have been the victims of predatory lending practices, in which they were given loans with high fees or interest rates that they did not fully understand. In these cases, debt negotiation may be necessary to modify or forgive these loans.

It’s time to find financial freedom through debt settlement – it’s a smart and practical
solution for your debt woes. As someone who struggled with student loans for years, I was glad I made the call to get it taken care of. So if you have questions feel free to contact me here. But if you click on Prosperity Financial Network you would be one step closer to financial freedom.