Category Archives: Student Loan Consolidation

Which student loan debt relief agency is reputable and safe?

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I receive many, many emails with the following question: “How can I know if it’s safe for me to work with any student loan debt relief agency?” And my answer is always the same: No debt relief agency is truly recommendable, in my opinion. Debt relief agencies all offer the same services, as though they were “unique” programs that could only be obtained through their agency. For example, things like: federal student loan consolidation access to Obama’s student loan forgiveness Continue reading

Washington Attorney General & CFPB sue Student Loan Processing (debt relief agency)

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  Last Monday (April 6, 2015), Washington Attorney General Bob Ferguson filed a lawsuit against Student Loan Processing. Allegedly, this firm had been exploiting student loan borrowers by tricking them into paying for federal loan benefits that were designed to be 100% free. In other words, Student Loan Processing was positioning the benefits provided by the U.S. Department of Education as though they were “unique” programs that could only be obtained through their agency. Oy vey. Interestingly enough, back in Continue reading

How to Consolidate your Federal Loans: for FREE!

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  Most borrowers do not realize that they can consolidate their federal loans for free, and unethical debt relief agencies take have taken full advantage of this fact. They’ve been charging borrowers expensive closing costs + monthly fees, all while claiming that consolidating federal student loans is something that’s too difficult to attempt alone, and can only be done through their agency. Well, enough of that. Read on to see just how easy it is to consolidate your federal student loans (for free!):   Federal Student Continue reading

To consolidate… or NOT to consolidate? (That is the question)

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Student loan consolidation is being pushed by the media, lenders and debt relief agencies alike, as the quick, one-size-fits-all solution to all student loan worries. While consolidation is an attractive option, due to its ability to combine all your payments into one, it’s not the only option you have for repayment assistance… and it’s certainly not the best choice for everyone! Don’t fall for the “quick fix” solution gimmick that debt relief agencies are pushing: consider the following points to find out Continue reading

Beware of the Student Loan Consolidation Temptation

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Note: This article was published as a 3-part educational series for the Deseret News on April 11, June 25 and July 17, 2013. It defines: the 3 different types of consolidation (federal, private & overall) things to consider prior to consolidating pitfalls to avoid (such as rushing into consolidation as though it’s a one-size-fits-all solution – unethical debt relief agencies always push this) I’ve consolidated the series into one post here, for easier reading. – – –   Student loan Continue reading

Beware of the student loan consolidation temptation

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  Student loan consolidation is being offered as the quick and easy solution to all student debt-related problems. However, before anyone consolidates, they need to make sure that they truly understand the financial impact of what they’re getting into. Consolidation can be a big help for the right candidate, but it can also wreck havoc for the wrong one.   Click below to read the full article at Deseret News: http://www.deseretnews.com/article/865578000/Beware-of-the-student-loan-consolidation-temptation.html?pg=all