Category Archives: Debt Negotiation

New Federal Student Loan Forgiveness Programs

Student Debt Advocates Advises Borrowers on New Federal Student Loan Repayment and Forgiveness Programs

New regulations brought forth by the Obama administration make it much simpler for borrowers that are permanently disabled to qualify for student loan discharge. Student Debt Advocates has advised over 15,000 borrowers on repayment and forgiveness options.

Brooklyn, NY – April 18 – President Obama and his administration plan to forgive $7.7 billion in federal student loans held by Americans that are currently disabled. The student loan debt burden has been a huge problem for individuals that are permanently disabled. Even with programs existing that allow for these debts to be forgiven, hundreds of thousands of borrowers simply don’t know that this program exists nor how to apply.

With this new update, The U.S. Department of Education and President Obama took steps to help these individuals. Working hand in hand with the Social Security Administration, the department has been seeking out borrowers that are receiving disability payments and have the status of ‘Medical Improvement Not Expected’. There have been a total of 387,000 matches out of which 179,000 are currently in default and at risk of having their social security benefits as well as tax returns garnished.

Student Loan Forgiveness
Effective this week, borrowers who are in this group will receive a letter from the government outlining the steps needed to receive a discharge and total forgiveness of their federal student loan debt. The process for discharge is much simpler than it used to be in the past with no proof of disability needed. Borrowers who receive this letter will simply need to sign it and send it back.

While this new change is a great step toward helping Americans tackle their student loan debt, the $7.7 billion is only half of one percent (.5%) of the total $1.344 trillion in federal student loan debt. Aside from this program there are other options available for borrowers that do not fit this criteria. Income driven repayment and forgiveness plans have been gaining popularity and helping millions of borrowers drop their monthly payment to as little as $0/month.

Student Debt Advocates has been advising borrowers on such repayment and forgiveness plans for multiple years. With over 15,000 people that have been advised, there has been real steps toward made toward making a dent in the student loan debt load burden that borrowers have struggled with. Individuals that are interested in obtaining further information can reach out to Student Debt Advocates by calling (800) 272-5308 or visiting http://www.studentdebtadvocates.com

Contact Information
Student Debt Advocates
http://www.studentdebtadvocates.com
+1 8002725308

New Standard for Debt Negotiation

S&N Debt Solutions Sets New Standard for Debt Negotiation

S&N’s Settlement Program Negotiates Credit Card Debt Promptly

Beverly, MA – September 26 – Settling credit card debt is as much a science as it is an art. And, part of S&N Debt Solutions’ new settlement program is to work in a collaborative way with both the creditor and clients to resolve account balances quickly and fairly. S&N sees this as a win-win situation for everyone involved.

Shannon MacLean, Vice President of S&N Debt Solutions emphasizes the critical role that a well trained and experienced debt negotiator plays when dealing with negotiating lower payoffs with various credit card companies. S&N makes a difference in the way account negotiations are handled from beginning to end.

Shannon MacLean remarked, “It’s unfortunate that people have been financially affected by the loss of their jobs and cost of living increases. Once they get behind on their bills, they often spiral out of control. However, when you look at the other side of the coin, the credit card company extended credit privileges to our clients; therefore, our debt negotiators are responsible for presenting the customer’s financial hardship so the creditor may consider settling the account for less than the balance that is owed.”

S&N Debt Solutions’debt negotiation program is also resolute about establishing as prompt a settlement and payoff schedule as possible. Shannon MacLean explained it this way, “Knowing that time is also money, we want our negotiation department to respect not only our client’s needs but also the needs of their creditors. We strive to communicate clearly with each creditor when our customer will have sufficient funds to resolve their account balance. Communicating our client’s program status is important to the settlement process.”

S&N’s new approach is now yielding positive results as S&N Debt Solutions gains a reputation for having the most reliable and trustworthy negotiators in the industry, even encouraging creditors to be more willing to settle debt when negotiators identify themselves as S&N personnel. Shannon MacLean notes, “Our negotiators need to fill dual roles for our clients and that requires a high degree of professionalism, expertise, and experience. The S&N Debt Solutions’negotiation philosophy is simple: treat creditors the way we treat clients, with respect and honesty.”

The bottom line is that S&N clients refer family and friends because negotiating and settling debt the right way can only be done by knowledgeable experts.

About S&N Debt Solutions:
S&N Debt Solutions is one of the leading unsecured and credit card debt settlement companies in America. Since its inception, S&N has focused on providing its clients with an unparalleled program that allows individuals to pay-off unsecured and credit card balances for negotiated amounts, frequently 50% less than what they owe.

http://debtsettlementnegotiations.com/

S&N offers a sound alternative to bankruptcy, debt consolidation and consumer credit counseling by providing programs and services that are both professional and compassionate.

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Written by:
M. Jeffrey Rosen, CLU, ChFC
jrosen(at)libertyink(dot)com
Liberty Publishing, Inc.
800-722-7270 Ext 122

Contact Information
M. Jeffrey Rosen, CLU, ChFC
Liberty Publishing, Inc.
http://www.libertyink.com
+1 (800) 722-7270 Ext: 122