Student Loan Debt Forgiveness

How to negotiate your private student loans

Let's be honest, student debt sucks. You've worked hard for all of those years and struggled to get your qualifications, and you are left with a massive debt which you are struggling to repay. 

The good news is that there are solutions - but really only with private student loans.

Private student loans are less regulated than federal student loans so that the way you’d settle private student loans is typically similar to the way you settle other types of private personal debt.

Most lenders will be prepared to discuss student loan settlements but only if you are already in default. 

The next step will be for your debt settlement consultant to reach out to your lender or the collections agency and see what kind of debt settlement negotiations they’re willing to offer to you.

The good news is that you have a higher chance of reaching a settlement is if you have a lump sum of money available. If your lender or collector knows that you could pay something on a defaulted loan, that’s a lot better to them than nothing.

If you don’t have a lump sum of money saved or a future tax refund, ask if they offer other settlement options.


Another solution is to ask if they’d be willing to enter into a payment plan or even rehabilitate your loans. 

The main point here, as with any debt settlement type situation, is to ensure that you work out a solution before it reaches legal action. A skilled debt consultant will be able to ensure your situation is optimized.

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Long Beach, CA 90813


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Debtko is not a Finance Company, Law Firm, Debt Settlement or Debt Consolidation Company. Our Services include debt and credit evaluation for the purpose of advising our clients which services they may qualify for and connecting them with a 3rd party referral partner that may be able to help. Debtko is not responsible for the future outcome of any resulting relationship between a client and a 3rd party service provider. 

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