In the United States, student loan debt for all borrowers totals close to $1.75 trillion in federal and private loans according to Forbes. For many, student loans are the only way to obtain the college education necessary for your chosen career path. Unfortunately, this can lead to high monthly student loan payments you may not have the ability to make or defaulting on payments after graduation no matter what industry you are working in.
At Debt Legal Defense, our lawyers understand the stress student loan debt can cause–many of our debt defense lawyers took out student loans for grad school, with some finishing with as much as $125,000 in debt. If you are having trouble making loan payments or have defaulted on your student loan, call us today at 210-468-1008. Our student loan debt lawyers in San Antonio, Texas are highly experienced in defending against creditors and debt collectors and are eager to work with you to come up with a solution.
How Can A Student Loan Lawyer Help Me?
A qualified student loan attorney in San Antonio, Texas will be able to explain what your options are to get out of or lessen the load of your debt. Ways in which a loan assistance lawyer can help you include:
- Find ways to lower your monthly payment
- Offer federal loan debt solutions like consolidation or rehabilitation and private loan solutions like working towards a settlement with your loan provider
- Offer expert advice on how to avoid defaulting on your loan and inform you of your options if you do default
- Represent you in court if you are sued regarding your student loans
- See if you qualify for loan forgiveness
- Help you qualify for an income-driven repayment plan
Defaulting On Federal Student Loans
If you have defaulted on a federal student loan, you have two options to get the loan out of default and into its current status: rehabilitation and consolidation. Rehabilitation refers to making enough consecutive monthly payments to bring your account to date, undo any damage to your credit score, and give you the ability to switch to an income-driven repayment plan.
Consolidation refers to combining all of your student loan accounts into one with one creditor. Loan consolidation could be an option to prevent or stop your wages from being garnished. A Texas student loan lawyer can help you understand your options and which may be best for you.
Student Loan Lawsuit Defense Lawyer
If you have been sued for defaulting on your student loans, a student loan attorney can represent you and take over communication with the credit or debt collectors on your behalf. At debt legal defense, we are highly experienced in defending against debt collectors. We know the most successful strategies to reduce or eliminate any student loan debt claims being made against you, and we will work to negotiate with the lender or debt collector to reach an agreement without going to court.
The burden of student loan debt can be debilitating. If you are struggling with your student loans, contact us today. We offer free consultations to new customers and can arrange a payment plan if needed.