New revenue stream for student loan consolidation companies

Great News!! Student Financial Advisors is now accepting affiliates for partnerships on offering help with defaulted student loans. As part of our on going effort to provide students with the best customer service in the industry we can now offer student loan consolidation companies a profitable avenue to help students who have defaulted on their student loans.

Student Financial Advisors as several options to refinance defaulted student loans.
Once a student loan goes into "default" status the full balance of the loan becomes due immediately. It also means that other options for delaying payment, including student loan deferment and forbearance, can no longer be used. Most importantly student loan consolidation companies, up until now, had no options to help the student with defaulted student loans. This is a new revenue stream for student loan consolidation companies. Best of all after the nine month rehabilitation process the referring student loan consolation company can consolidate those students’ federal student loans.

Eventually, unpaid defaulted student loans can have long-term consequences beyond just the loan directly. For example, the students' credit report will take a hit. Once the loan has been forwarded for collection the student’s wages can be garnished and their federal income tax refunds can be withheld. You also lose your eligibility for other types of federal loans including student loan consolidation. Given the size of most student loans, it's usually impossible to repay a defaulted student loan in the single payment that loan collectors may request. There are mechanisms for repaying defaulted student loans and for both regaining your eligibility for more student loans and improving their credit score.

At Student Financial Advisors we offer assistance to everyday people, looking for financial relief from their student loan debt, federal and private. Daily, we provide help to dozens of people who want to avoid administrative wage garnishments and tax offsets. We help people establish affordable payments and reduce penalties and fees. We assist with student loan consolidation as well as work within a competitive system in which lenders compete for your student loans. This competitive environment yields the best interest rate for the student.

If your company is looking for a way to help students get out of default and get paid for it please contact us at www.studentfinancialadvisors.com