Student loan debt and the consequences of default

By: Suber0 comments

After completing college, many Americans are left with protracted student loan debt. Due to financial difficulties, they may not be able to make their monthly student loan payments. Every day, college graduates across the country see their student loan debt go into default.

It is important to understand the consequences of defaulting on student loans. If you have defaulted on your loans, you may be experiencing the following problems:

  • Additional fees
  • Limited payment options
  • Wage garnishments and lawsuits
  • Bad credit score
  • Loss of professional license
  • Ineligibility for Student Loan Forgiveness

If you have defaulted on your student loans and are facing these problems, all is not lost. The important thing is that you start working your way out of default. Fortunately, there are ways to get out of default and begin to repair your financial situation. If you want to get out of default, the Suber Group can help you.

When you consult with Suber Group, we will help you find the solution that works best for you. One solution to help you get out of default is to consolidate your student loan. The Suber Group has resources available to help you consolidate your loan and develop a more feasible payment plan. Another option is to rehabilitate your loan by making a series of payments at an agreed upon payment rate. Alternatively, it may even be possible to have your student loan canceled, depending on your circumstances.

Contacting the Suber Group is an important first step in getting out of default and getting back on the right track. We can help you avoid the consequences of non-compliance by providing you with relevant information and defending it on your behalf.

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