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Are you a defaulter?

Defaultedloan.net is there to help you get back on the right track of life with your finances. Our main objective is to offer you financial freedom helping you to get out of debt and the default status.
At defaultedloan.net, we guide our consumers to effective default assistance and debt management programs helping them to recover from debt and secure a better credit rating.

How to Stay out of Default?
You would definitely not want to default on your student loan. However, with loans you can be never sure of its status. defaultedloan.net offers you expert guidance on loan default outlining the way of staying away from defaults. The solutions are multiple; follow our expert guidance in maintaining a clean credit record.

How Consolidation Helps?
Are you worried over managing several student debts at once? With consolidation, at your service you should not worry about clearing your debt. Know how consolidating your student loans can help you save money and effort during your repayment period. Defaultedloan.net provides expert assistance in loan consolidation.

Worried about fixing your credit rating?
Loan defaults are certainly never intentional. However, anybody with a student loan debt can become a defaulter with a dip in your credit rating. However, this does not imply that you cannot restore your credit rating to a good stand. We at defaultedloan.net aim to provide you with repayment plans that help in getting back your payment in track.

Are you Aware of your Rights?
Being a Defaulter does not make you defenseless. You should never encourage threatening calls or abusive collection practices from debt collectors related to your student debt. Know your rights regarding debt collection practices and fight the odds more skillfully with us. We provide consumer right assistance offering a complete database of knowledge regarding to your rights.

So, what keeps you waiting? Contact us today to lead a better life out of defaults and debts.
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5 things to Be Remember
The consequences of defaulting on a student loan are high and serious. Five things can affect you severely at once you default on your student loan. Here, is a look -

1. Garnishment of wages or Loss of Income tax refund
The Government holds the right to garnish your wage or seize your income tax refund in a bid to collect the outstanding amount.

2. Lawsuit initiated by the Federal Government
The Federal Government can also file a lawsuit against you for an indefinite period concerning the defaulted student loan in an aim to collect the amount.

3. Ineligibility for further financial aid
Defaulting on your student loan makes you non-eligible for any further loan grants or assistance from financial institutions.

4. High collection charges and penalties
Once you default, the federal government immediately imposes a default fee upon your student loans. In addition, the collection agency also charges an extra amount increasing your total balance greatly.

5. Poor credit rating
A defaulted loan always brings along a drop in your credit rating, which affects your personal, professional, and financial life greatly.

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