Do You Have Defaulted Student Loans?
Your Creditors May Already Be Garnishing Your Wages AND Ruining Your Credit History!!
Failing to pay a student loan – or even if the credit bureaus are reporting that you defaulted on a student loan - is serious and can be extremely costly. Creditors can legally garnish your wages.
In other words, the creditors will take money directly out of your paycheck and you will NEVER see that money again!
The DEADLY Consequences of Having a Student Loan in Default:
• YOUR WAGES WILL BE GARNISHED, meaning your creditors will take money out of your paycheck before you even receive it – up to 15%. If you’re already paying an arm and a leg in taxes, this additional 15% can really hurt! In other words, if your regular paycheck is $600, then it will be reduced permanently to $510!
• CREDITORS WILL TACK ON A MOUNTAIN OF INTEREST CHARGES on the loan amount
• MONEY CAN BE TAKEN OUT OF ANY TAX REFUND YOU RECEIVE up until the loan amount is paid in full. This is the most common method the government uses to collect.
• Your government BENEFITS LIKE SOCIAL SECURITY AND DISABILITY WILL BE TAKEN AWAY
• YOU WILL BE SUED BY THE GOVERNMENT OR PRIVATE LENDER to collect on the defaulted loan. There is no statute of limitations. They can sue you anytime they want…even years down the road.
• MOST IMPORTANT – Your CREDIT WILL BE DESTROYED!!! With bad credit, you will end up paying hundreds and even thousands more down the line when you want to get a loan (auto loan, home loan, or any other type of short-term loan).
The Truth About Your Credit History and a Defaulted Student Loan
Not only will the default appear as an entry on your credit report from the original lender – multiple collection agencies can call you to collect on this debt, and report a negative item on your credit report if you don’t pay.
In other words, a single defaulted student loan can look like 2,3,4, or more bad credit items when lenders or employers check your credit reports.
Despite all the problems a student loan in default can cause, you can fight back like I did and get your defaulted loan to show up on your credit as “PAID AS AGREED” which can help improve a bad credit score.
Here is the secret weapon I used to get rid of my student loan in default.
My finances were tight enough, the last thing I needed was to dump money into a program that doesn’t work.
After spending countless hours researching my options, I found the Lexington Law Firm. After reading up on them, I learned that they have helped others just like me get rid of their student loan in default status. I decided to give them a shot.
I called their 800 number (1-800-292-0204) for a free consultation (I really just wanted to check them out and see if they were a real company.) A paralegal walked me through my options.
She took her time and I didn’t feel rushed or pressured to buy anything at all. She even told me that other questionable negative items on my credit report like charge offs and collections could be disputed and removed. After hearing this, I signed up so they could get started immediately.
I started seeing negative items being removed within the first month of service. I couldn’t believe what I was seeing. My credit score was climbing. All I had to do was send them my credit reports and they did all the heavy lifting.
Within the first 58 days of service, my credit score went up 106 points!
The biggest difference with Lexington Law is that they have been doing this for a very very long time and know the ins-and-outs of credit repair. I’ve heard horror stories from friends about other firms taking your money with very little to no results to show for it.
Not only did Lexington Law get my defaulted student loan to show as “Paid or paying As Agreed” which looked great when lenders ran my credit. They also removed other questionable negative items like charge-offs and collections that were dragging down my score. I kept all the letters and put them up here on my blog:
It was amazing to see the results. Credit bureaus must send you a letter when an item has been deleted. Can you imagine the steam of mail I received from them? I absolutely loved getting letters in the mail showing negative items being removed. Getting these letters from the credit bureaus was the positive lift I needed.
Looking back, I only wish I had signed up for service sooner. I now have a high credit score and am no longer embarrassed to have lenders and employers run my credit. I can now walk confidently into any job interview without the bad credit hanging over my head.
Take a look at a real score chart below from a Lexington Law client and watch as his score climbs month after month.
I encourage you to do what I did and use Lexington Law as your secret weapon against the credit bureaus and creditors. Take back control of your credit – it’s much easier than you think!
For immediate help today, give them a call and see what they can do for you. Tell them your story…chances are they can help. Here is the direct line: 1-800-292-0204 (Select Option “2″).
I’m not alone, here are what some other folks have to say about their experience with Lexington Law Firm. I promise, having good credit is life altering!
“Your firm is absolutely outstanding! I must admit that I was doubtful… Thank you so much for your help! I feel like I am becoming “credit human” again!” — C.A.
“I am very happy with the results that your firm has provided for me. I am now able to get loans and credit cards that were impossible for me to get earlier without your help.” — K.C.
“I would like to first thank you, and Lexington Law for the marvelous work in getting my credit reports back to respectability. I am more than pleased with the results, I had tried this on my own to no avail. I have told several friends about your service, but its up to them. Please feel free to use this for advertising, customer satisfaction, or as a testimonial.” – M.O.
“I would like to thank you tremendously for the work you and your team have done. In just roughly 7 months or so, I have gone from an extremely bad credit situation to being a home owner. I couldn’t have done it without you and your team’s help.” – J.E.
