Experience Relief from Your Unsecured Student Debt
As the cost of higher education skyrockets, Americans continue to battle student loan debt. If you have a large amount of outstanding unsecured private student loan debt, our associates may be able to settle your debt for less than you currently owe.
At Liberty Debt Relief, we will work with you and your creditors to negotiate a debt settlement on your unsecured debt. Whether your goal is to lower your monthly payments so that they are better aligned with your budget and salary, or you’re trying to get out of debt overall, we can build a strategy that fits your needs.
If you’re experiencing a financial hardship that is preventing you from making your payments on time, contact Liberty Debt Relief for a free consultation today!
Different Types of Student Loan Debt
Based on the kind of student loan you have, your plan for debt relief might be different. There are two basic types of student loans: privately-issued and government-backed. Although Pell Grants technically are considered a third type of student aid, they don’t need to be repaid under normal circumstances and, therefore, aren’t typically grouped with these other student loans.
There are three types of government-backed student loans: Stafford, Perkins, and Direct Loans. These loans are similar to private loans in that they gather interest and adhere to a strict repayment timetable. Unlike private loans, though, they often have borrowing limits for each semester. The benefit of these loans is that they usually carry lower interest rates that may not kick in until well after graduation. One disadvantage is that government-backed student loans can’t be discharged in bankruptcy or settled through negotiation.
To receive debt relief from government-backed student loans, you have to enroll in a restructuring program through the federal government. There are many options here depending on your situation, including the Federal Direct Consolidation Loan program, the Public Service Loan Forgiveness program, or an income-based repayment program. We can point you in the right direction for help with your federal loan.
Private student loan debt is usually easier to restructure, as these loans are through independent lenders. With our expertise in negotiating with creditors, Liberty Debt Relief can look over your finances with you and determine how much of this unsecured debt you can afford to pay off. Then, we’ll work with your lenders to potentially lower how much you owe.
Why Liberty Debt Relief?
We understand how the current industry landscape and rules surrounding student loan debt impact you. Once you reach out to us for your free consultation, we sit down with you and analyze your individual needs to create a unique plan. We have helped many happy clients improve their financial situation with our proven results.
We know every situation is different and requires personalized consideration. At Liberty Debt Relief, we have the industry experience and know-how to help you navigate the world of private student loan debt.
What Our Clients Say About Us
Making the choice of getting a loan was not easy, but Liberty made my entire experience so reassuring that I would recommend Liberty to anyone looking for a personal loan. From rate to closing, Liberty was there to help me understand my options. Making a choice is now easy and user-friendly.
For me, it is never a light thing when it comes to borrowing money for my small business. So, I turned to Liberty and they were not only clear and precise, they offered the best loan rate from other competitors. I felt like I was treated like an important customer and never had a question go unanswered. Try Liberty and you will see what I mean.
I want to make sure that everyone knows how awesome Liberty really is. I called, they listened, and money was deposited in my account fast and hassle free. Best in class!
These guys are so much fun to work with. They understood my situation and made every effort to accommodate my needs. From initial contact to loan conception, Liberty is by far the most user-friendly lender I know.
Reduce Your Debt and Stay Debt Free
Consolidating your debt to combine any outstanding private student loan debt from various creditors into one, manageable payment may be one option. This may ensure more of your payment goes towards the principal, rather than high interest.
However, if you want to lower your debt, we’re here to help. By creating a carefully laid-out strategy for negotiation, you could end up reducing and resolving your debt.
Contact our trusted experts and get your personalized student loan debt solution today!