Need to know how Coloradans are doing with debt? Interested in how Coloradans' credit card debt ranks with the other 49 states? The simple answer is that Coloradans are having a problem with credit card debt, as the average resident owes
While there are several reasons for this, the primary one is thought to be the cost of going to college in
In response to this problem, the company Studentloanconsolidationreviews.org recently did an analysis of the companies available to Coloradans that could help them find relief from their student debts. What Studentloanconsolidationreviews.org found is that the top two providers of these services are National Debt Relief and SoFi (
One of the main reasons why National Debt Relief was ranked number one is because it operates in such an ethical manner. As an example of this, the company charges its customers nothing unless it can find them a better student loan repayment plan than what they currently have.
What can National Debt Relief do to help Coloradans trapped in student loan debts? As National Debt Relief spokesman,
The way that National Debt Relief works is that it first analyzes a customer's earnings, financial situation, debts, family size, educational background, earnings potential and more. It then goes to the website of the
It then evaluates alternate repayment programs such as Extended Repayment, Graduated Repayment and Pay As You Earn Repayment. If National Debt Relief determines that one of these programs would have better terms and lower monthly payments than its client's current repayment program, it then recommend it to him or her. If the recommendation is accepted National Debt Relief prepares all the paperwork necessary to get its client into the new program. While people can do this themselves and for free, many elect to let the professionals at National Debt Relief handle all the paperwork."
National Debt Relief's Ritz also reported that, "This service is totally performance-based. If we can't find a customer a repayment program with lower payments and better terms than what he or she currently has, we charge nothing. If we are able to find a better repayment program and our client accepts it we then prepare all the paperwork necessary to get her or him into the new program. While people can do this free themselves, many of them choose to let our professionals do this for them as the paperwork required to get a person into a new repayment program can be confusing and difficult to understand."
Studentloanconsolidationreviews.org also marked SoFi down because its loans have a fixed interest rate and fixed term. Once a customer signs up for a SoFi loan he or she loses the ability to change to a different repayment program. In other words, a SoFi borrower will have one loan at a fixed interest rate and for a fixed term and no option for changing repayment programs should they hit a rough patch.
Read the full story at http://www.prweb.com/releases/student_loan_debt_relief/in_Colorado/prweb12082168.htm
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