Can I Settle My Student Loans?

Can I Settle My Student Loans?: If you don’t pay back your student debt, it can hurt your finances. If it’s hard for you to make payments, try something different, like talking to your lender about a student loan payoff and trying to settle for less than you owe.

Think about a student loan settlement If:

You’ve been given a lump sum payment to settle your bill.

Your loans have been sent to collections.

It’s already bad for your credit.

Instead, a court ruling is possible.

Student loan Settlement:

Some people settle their student loans for less than what they still owe. This is called student loan settlement. If you are behind on your loans and have some cash saved up, your lender may be ready to work out a settlement deal with you. It works best if you’re behind on your installments but can pay off many of them immediately.

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