Students take out loans to pay for high college costs in anticipation of getting a good-paying job after college. But sadly, this can’t be true for most. Annual salary is just not enough to pay off loans amid soaring prices of daily needs. In fact, at present, there are about 40 million Americans buried under a whopping $1.2 trillion student loan debt—the type which ranks highest next to mortgage and which cannot be dissolved by bankruptcy. Wage garnishments are mandatory so people have no choice but to seek ways to get out of indebtedness in the fastest, preferably legitimate, way possible. With this,
Trusted Debt Solutions can help provide the solution.
There are various options of payment strategies, each offering different advantages in relation to the person’s financial capability. Take for example, income-driven repayment. This helps keep monthly payments manageable and lessens chances for default, but it’s not best for everyone. A person in debt of $29,400 with an annual income of $35,000 would pay 26% higher than if he opts for “Pay As You Earn,” says a TICAS report. This means some borrowers would be paying more and longer. It would be wise to have one’s financial capability analyzed before choosing a payment plan.
Trusted Debt Solutions enrollment specialists help students navigate through the legalities and numerical complexities of federal loan repayment. The federal programs they work on include Standard Repayment, Graduated Repayment, Income-Contingent Repayment, Income-based repayment, Pay as You Earn and loan forgiveness. They analyze their clients’ financial capability to determine which program suits them best. Trusted Debt also helps process financial documents for the client’s application for loan consolidation, release or forbearance, as well as negotiate new terms, reduce interest rates, and aid loan forgiveness for a more effective debt solution. It also provides federal evaluation, comprehensive budgeting analysis and financial action plans for free. For more information, visit www.TrustedDebtSolutions.com or call 888-592-4901.
About Trusted Debt Solutions
The company has certified, bonded and insured advisors who help its clients gain optimal advantage over loan repayments and guarantees availability for follow-up consultations. It also has special programs for civil servants, military, public health officials, non-profit employees, educators. It is headquartered in Boca Raton, Florida.