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man4allcats

(4,026 posts)
Thu Jun 5, 2014, 07:31 PM Jun 2014

Anyone know of legitimate companies that assist former students with student loan debt?

A friend of mine graduated from college a couple of years ago. She worked hard as a single mother in her 40s to finish her degree. The only way she could make it was to take out student loans. She is trying now to get her own business started, but so far it's only in the setup stage and for the moment at least she's always broke. Meanwhile, the collectors are constantly hounding her about her unpaid loans. I see ads on TV all the time for one company or another offering their services to help former students get the collectors off their backs. I imagine some are legitimate while others probably are not.

If you know of and/or have experience with any such companies that genuinely are legitimate and provide their clients with a good service to end the hounding and threats of the collectors, please respond to this post with that info or, if you like, PM me with same. I'm worried about my desperate friend and would like to help her with the name of a company or companies that provide a good service to people in this unfortunate situation. I'd pay the debt for her if I could, but I'm almost as broke as she is.

Thanks in advance.

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Anyone know of legitimate companies that assist former students with student loan debt? (Original Post) man4allcats Jun 2014 OP
K&R tabasco Jun 2014 #1
Thank you for the kick! man4allcats Jun 2014 #3
First, have her visit here... PoliticAverse Jun 2014 #2
I just took a quick look at your link. Thanks! man4allcats Jun 2014 #4
I would love to know as well. smirkymonkey Jun 2014 #5
I wish you well, and I hope man4allcats Jun 2014 #8
Thank you! I appreciate it! smirkymonkey Jun 2014 #11
she should see if she qualifies for income based repayment magical thyme Jun 2014 #6
Thank you! I didn't know such an option existed. man4allcats Jun 2014 #9
Greenpath is a nonprofit Autumn Colors Jun 2014 #7
Thank you, AC. I really appreciate this link. man4allcats Jun 2014 #10

man4allcats

(4,026 posts)
3. Thank you for the kick!
Thu Jun 5, 2014, 07:52 PM
Jun 2014

Of course I'd like to get as much in terms of replies as possible, and a kick so early is appreciated.

man4allcats

(4,026 posts)
4. I just took a quick look at your link. Thanks!
Thu Jun 5, 2014, 07:56 PM
Jun 2014

I will advise her to go there first. I have a lot more confidence in the link you posted than anything I've seen on late night TV!

 

smirkymonkey

(63,221 posts)
5. I would love to know as well.
Thu Jun 5, 2014, 08:00 PM
Jun 2014

I am so screwed. I have to pay an enormous portion of my income and I am not even making a dent in it. The interest alone is just killing me. I will never be able to retire or have financial security as long as I live - and that is IF I remain employed. If not, I am toast.

man4allcats

(4,026 posts)
8. I wish you well, and I hope
Thu Jun 5, 2014, 09:49 PM
Jun 2014

some of the info posted here by other DUers may be able to help you. Take care, and best of luck to you!

 

magical thyme

(14,881 posts)
6. she should see if she qualifies for income based repayment
Thu Jun 5, 2014, 08:05 PM
Jun 2014

That's what I'm in, or I would have lost everything. It may still depend on when the debt was taken on (although the last I read, Pres Obama was changing the terms so that all student loans could qualify for one of the repayment programs).

man4allcats

(4,026 posts)
9. Thank you! I didn't know such an option existed.
Thu Jun 5, 2014, 09:54 PM
Jun 2014

Of course it only makes sense that it should, but in spite of everything President O has tried to do, too often that which makes sense doesn't carry a lot of weight. Thank you for this heads up!

 

Autumn Colors

(2,379 posts)
7. Greenpath is a nonprofit
Thu Jun 5, 2014, 09:11 PM
Jun 2014

I checked in to their debt counseling and consolidation programs when my house went into foreclosure. I found a link to them through the whitehouse.gov website.

They're legit and nonprofit.

http://www.greenpath.com/how-we-can-help/student-services

man4allcats

(4,026 posts)
10. Thank you, AC. I really appreciate this link.
Thu Jun 5, 2014, 10:00 PM
Jun 2014

I will forward it and the others posted here by caring DUers like yourself to my friend. She and I are both grateful - she because she is in a tough spot and I because I worry about her. Thank you!

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