If you fall into the 40% of individuals whose Student Loans have fallen into the “late” or “delinquent” status, or worse yet collection activity has started, there is hope! ASCENT’s ELNS program is designed to provide you with a “workout” of your current situation. A delinquent or defaulted student loan will definitely have a negative impact on your credit scores. A defaulted student loan will not be discharged in a bankruptcy and will not “fall off” your credit report after 7 years. You will end up paying your student loans one way or another, so why not be proactive and structure a settlement that you can live with before you are forced to accept terms that might not be ones that you can handle at some point down the road.
If you fall into the 40% of individuals whose Student Loans have fallen into the “late” or “delinquent” status, or worse yet collection activity has started, there is hope! ASCENT’s ELNS program is designed to provide you with a “workout” of your current situation. A delinquent or defaulted student loan will definitely have a negative impact on your credit scores. A defaulted student loan will not be discharged in a bankruptcy and will not “fall off” your credit report after 7 years. You will end up paying your student loans one way or another, so why not be proactive and structure a settlement that you can live with before you are forced to accept terms that might not be ones that you can handle at some point down the road.
Unlike other debts, collection accounts, even judgments and tax liens, student loans remain in tack and collectable until they are paid. You cannot discharge a Federal Student Loan off in bankruptcy. It is a collectible debt until it is paid. So the time to act is now!
Even if you wages have been garnished or bank accounts have been frozen. ASCENT’s ELNS Negotiators can have the garnishments lifted and the bank accounts unfrozen almost immediately after you have engaged the services of ASCENT. We will work with you in structuring new terms for your student loan. It includes bringing your loan to current status to remove delinquency status from your loan as reported by the credit bureaus. Your credit scores will see an increase and you will be back on your way to rebuilding your credit and your credit scores. No longer will delinquent student loans hold you back from obtaining financing, credit card accounts, or even qualifying for a mortgage.
Take your first steps today to getting your student loans back on track with payments you can afford!
WE COMMUNICATE WITH ALL THREE CREDIT BUREAUS FOR YOU:
