4 Things To Know About Student Loan Settlement

If you have student loan debt and are considering settlement, there are a few important things to know. Whether the debt is private or federal, there can be significant consequences for settling with a lender. To make sure that your financial future isn't jeopardized by settling your loans, here are 4 things to keep in mind.

First, it's important to understand that although there are regulations governing how lenders should treat borrowers who want to settle their student loans, they do not always follow these rules. It's also essential to remember that settling may negatively impact your credit score and could limit your ability to receive government-backed loans in the future.

Second, when negotiating terms with a lender, it's critical to get everything in writing before agreeing on anything. That way if something changes later on down the line you'll have evidence of what was agreed upon initially.

The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of the debt and start over.

Our goal is to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706