If you are a creature of habit like me, I like to conduct research. In my journey of looking for ways to help manage student loan debt, I’ve come across companies and programs who promised to help me pay off my loans quicker. In the beginning stages of my student loan journey, I was contacted by several agencies.
The one thing many of these companies had in common was they promised a FREE evaluation of my student loans, but in the end, they wanted to charge additional fees to help me through the process. Of course, I never took advantage of the programs or gave my information. I thought it was a great idea to still ask questions. In the midst of it all, my #1 question to the companies was…
Why would I pay you for something I can do myself?
Did you know it is just as easy for you to go over to the US Department of Education to get help with student loan forgiveness, income-based repayment, and loan consolidation without having to take extra money out of your pocket to pay a company to do it for you?
The other thing you may not know is many of these companies gather and re-sell your information for a profit?
So again I ask, why pay a company or give a company your information which they can resell for a profit?
The reason people fall into the trap of debt relief is because they either;
#1 did not conduct proper research.
#2 they felt a desperate need to get rid of debt.
Debt relief companies prey on those they feel have a desperate need, those who just finishing school who they think may lack an understanding of debt and finances, the young, older individuals, or those who may have less than perfect credit.
You may think this is my opinion which is fine, but if you study loan companies, businesses, marketing, advertising, and etc, you will find this to be true.
My idea of student loan debt relief is finding ways to pay off debt the old fashion way. Earning hard cash is still relevant when it comes to paying off debt. So, if you liked this post and you want to find out more about different ways you can use to help pay your student loan debt, join my mail list to receive tons of info.
And no…Your information will not be sold for a profit…Your e-mail is only collected to send you valuable and real content on how you can earn extra cash from your home in your spare time!
You won’t regret you did!
Until next time…