Student Loan Services

For many, student loans can be a helpful tool for developing credit and improving current scores. For others, they might do more harm than good if not responsibly managed.

A large majority of students find themselves in need for some type of student loan to help cover the costs that come with higher education. While it may seem inconceivable, mistakes such as misspelling a name or forgetting an important detail can happen and have serious consequences like having your application rejected automatically if you fail to follow directions properly.

Credit Repair of Chicago can help you avoid a lifetime of debt when it comes to your student loans. Making payments before graduation will make an enormous difference in the total amount owed and how long they take.

Paying now might help you avoid credit card debt.

You may not know that you can take out a refinancing loan to pay down your student loans. You will need good credit, but this is an option worth considering if it means getting rid of the debt sooner than expected.

Borrowers should always be aware of the potential repercussions that can arise from defaulting on any refinanced loan. Deferment and forbearance are two options for people who have been in a financial pinch, but these avenues do not offer protection against lawsuits or having your wages garnished.

If you want to avoid the risks of taking out a student loan, such as harming your credit or defaulting on payments that can lead to wage garnishment and other legal action taken against you by debt collectors, then we are here for you.