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USA vs DEBT, Inc. SUPERIOR DEBT SETTLEMENT WITH YOU IN MIND | Financing in Dallas

Are you overextended with Credit Card Debt? If so, you're not alone. The U.S. is on track to reach 1 Trillion dollars in consumer credit card debt by th
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USA vs. Debt

USA vs. Debt | Debt Settlement | Scoop.it
Valerie Edwards's insight:

SLEEPLESS NIGHTS?

DEBT?

 

 CALL NOW!  800-648-5771

 

www.USAvsDEBT.com

 

 

 

We negotiate with all your creditors to obtain a debt settlement. Our debt negotiation specialists will settle your debt for less then the total debt owed.

 

You make monthly payments based on what you can afford.

 

How much debt do you owe?

 

Call 800-648-5771 NOW

for a FREE NO OBLIGATION QUOTE.

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IS DEBT DRAGGING YOU DOWN?

IS DEBT DRAGGING YOU DOWN? | Debt Settlement | Scoop.it
Valerie Edwards's insight:

USA VS DEBT is a Premier debt settlement company that can help you – we provide thousands of clients with an alternative to filing bankruptcy.

Did you know that $10,000 of debt at a 19% rate - paying minimum payments takes OVER 17 YEARS and OVER $18,265 to pay it off? (80% of your payment goes to the credit card company as interest!)

Our program may resolve your unsecured debts in less than 36 months.

Ph. # 800-648-5771

email: info@usavsdebt.com

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Debt Relief. Know your options.

Debt Relief. Know your options. | Debt Settlement | Scoop.it

Via Valerie Edwards
Valerie Edwards's insight:

Basically there are four ways to get out of debt.

 

1-Keep doing what you are doing which is the longest way to get rid of your debt.

 

2-CCCS which is consumer credit counseling services and this is better than no help at all. You have to double up on your payments for the first 90 days of the program so the creditors will accept the proposals. Your credit report will be notated CCCS which is viewed as a chapter 13 Bankruptcy on your credit report.  It will take approximately 5 years to complete the program. The negative remarks will stay on your credit report for 7-10 years.

 

3-Another is Debt Settlement which is what we offer. This actually settles the debt at approximately 40% of your balances owed and is the most aggressive and cost effective way to get out of debt.

 

4-Bankruptcy- which should be your last option. Debt settlement is a bankruptcy prevention program. As such, it may adversely affect your credit rating if your debts are current and you have no history of late payments. However, the debt settlement program will bring your balances to a zero balance which is your goal, right? Since you will have resolved your outstanding debt through our debt settlement program your future creditors will see that you settled your debts instead of filing bankruptcy.

Bankruptcy is probably not your best option. A bankruptcy stays on your credit report for up to ten years, and if you're applying for a mortgage or a re-finance, it will always show up no matter how much time has passed. It can affect your ability to gain employment. If you file for Chapter 7 the court has the right to seize some of your assets to pay your creditors, and if you file for Chapter 13 bankruptcy, the debt still has to be repaid. The court simply sets up a 5-year plan for repayment of your debt at 0 percent interest. Our program will settle your debt over a 12-48 month period and will not leave a permanent mark like bankruptcy.

 

Would you like to resolve your unsecured debts in 24 payments or 36 payments?

 

Call 800-648-5771 or visit www.USAvsDEBT.com today.

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Valerie Edwards's curator insight, December 9, 2013 8:20 PM

There are basically four ways to get out of debt.

 

Keep doing what you are doing which is the longest way to get rid of your debt if you are making minimum monthly payments.

 

CCCS which is consumer credit counseling services and this is better than no help at all. You have to double up on your payments for the first 90 days of the program so the creditors will accept the proposals.

 

Another is Debt Settlement which is what we offer. This actually settles the debt at approximately 40% of your balances owed and is the most cost effective way to get out of debt.

 

Bankruptcy which should be your last option. Debt settlement is a bankruptcy prevention program. As such, it may adversely affect your credit rating if your debts are current and you have no history of late payments. However, the debt settlement program will improve your debt to income ratio and may therefore improve that portion of your credit score. Since you will have resolved your outstanding debt through our debt settlement program your future creditors will see that you settled your debts instead of filing bankruptcy.

Bankruptcy is probably not your best option. A bankruptcy stays on your credit report for up to ten years, and if you're applying for a mortgage or a re-finance, it will always show up no matter how much time has passed. It can affect your ability to gain employment. If you file for Chapter 7 the court has the right to seize some of your assets to pay your creditors, and if you file for Chapter 13 bankruptcy, the debt still has to be repaid. The court simply sets up a 5-year plan for repayment of your debt at 0 percent interest. Our program will get you debt-free over a 36 month period and will not leave a permanent mark like bankruptcy.

 

With our debt settlement program you can select which accounts you would like us to settle for you. This will be discussed during your free consultation. www.USAvsDEBT.com 800-648-5771

Valerie Edwards's curator insight, June 14, 2014 10:14 PM

Download our app and pick your payment.  Search USAvsDEBT in iTunes.  https://itunes.apple.com/us/app/usa-vs-debt/id479820943?mt=8

 

 

 

 

Click here to see what your payment could be: https://www.youtube.com/watch?v=MphWbCObu40

 

 

Download our FREE calculator to see how you can settle your debt in 24 or 36 easy payments.

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USA vs. Debt

USA vs. Debt | Debt Settlement | Scoop.it
Valerie Edwards's insight:

Let USA vs. Debt, Inc. KNOCK YOUR DEBT OUT OF THE BALL PARK!

 

Call 800-648-5771 to settle your debt in 36 easy payments.

 

 

visit us at: USAvsDEBT.com

 

*individual results may vary.

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USA VS DEBT APP

www.usavsdebt.com Debt Calculator provides guidance and tool to plan about managing DEBT in better way. This Calculator provides in depth, analysis about ins...
Valerie Edwards's insight:

Are you over extended with credit card debt? You are not alone.

USAvsDEBT, Inc. can settle your unsecured debt in 36 easy payments. Call NOW 800-648-5771 .

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Your Money: Programs to help shed student debt - USA TODAY

Your Money: Programs to help shed student debt - USA TODAY | Debt Settlement | Scoop.it
Your Money: Programs to help shed student debt
USA TODAY
SHARE 167 CONNECT 64 TWEET 25 COMMENTEMAILMORE.

Via Skip Boykin
Valerie Edwards's insight:

Student Loan Consolidation Options

 

1.       Standard Repayment

With the standard plan, you'll pay a fixed amount each month until your loans are paid in full. Your monthly

payments will be at least $50, and you'll have up to 30 years to repay your loans with a fixed interest rate.

The standard plan is a good fit for you, if according to your budget the IBR, ICR and PAYE plans are higher

in monthly payment, as the standard plan does not account for your finances.

 

2.       Graduated Repayment

With this plan your payments start out low and increase every two years. The length of your repayment

period will be up to 30 years. If you expect your income to increase steadily over time, this plan may be right

for you. Your monthly payment will never be less than the amount of interest that accrues between payments.

 

3.       Income Contingent Repayment (ICR)

(Not available for parent PLUS Loans)

 

This plan gives you the flexibility to meet your Direct Loan obligations without causing undue financial

hardship. Each year, your monthly payments will be calculated on the basis of your adjusted gross income

(AGI, plus your spouse's income if you're married), family size, and the total amount of your Direct

Loans. Under the ICR plan you will pay each month the lesser of:

1. the amount you would pay if you repaid your loan in 12 years multiplied by an income percentage

factor that varies with your annual income, or

2. 20% of your monthly discretionary income.

If your payments are not large enough to cover the interest that has accumulated on your loans, the unpaid

amount will be capitalized once each year. However, capitalization will not exceed 10 percent of the original

amount you owed when you entered repayment. Interest will continue to accumulate but will no longer be

capitalized.

The maximum repayment period is 25 years. If you haven't fully repaid your loans after 25 years (time spent

in deferment or forbearance does not count) under this plan, the unpaid portion will be discharged. You may,

however, have to pay taxes on the amount that is discharged.

 

4.       Income-Based Repayment Plan. (IBR)

Under this plan the required monthly payment will be based on your income during any period when you

have a partial financial hardship. Your monthly payment may be adjusted annually. The maximum

repayment period under this plan may exceed 25 years. If you meet certain requirements over a specified

period of time, you may qualify for cancellation of any outstanding balance of your loans.

5.       Pay As You Earn. (PAYE)

On December 2012 the DOE announced that borrowers with Federal Student Loans may now be able to take

advantage of a new repayment plan that could lower their monthly federal student loan payments. The plan,

known as Pay As You Earn, caps monthly payments for many recent graduates at an amount that is

affordable based on their annual income. This new option follows through on President Obama’s promise to

provide student graduates with relief on their student loan payments and help them responsibly manage their

debt payments.

Pay As You Earn plans cap monthly payments for Federal Direct Student Loans at 10% of discretionary

income for eligible the borrowers.

 

The process is simple for you; we do all of the tedious red tape!  

Fill out this form www.USAvsDEBT.com and a specialist will contact you with your options.

 

 

By submitting this form you consent to receiving a telephone call from USA VERSUS DEBT, Inc. Under  TCPA Act (47 U.S.C. § 227)  you do not hold USA VERSUS DEBT,  Inc. liable for any damages.

 

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Tweet from @USAvsDEBT7

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God Created World has been nominated for our Top 50 Educational Apps list of 2016! http://www.usavdebt.com/
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Is the next President going to pay YOUR DEBT?

Is the next President going to pay YOUR DEBT? | Debt Settlement | Scoop.it
What is keeping you up at night your President or YOUR DEBT? Here's what USA VS DEBT can do for you: • Settle your debts for 40% of what you owe in most cases • Lower your monthly payments • Settle your debt in 36 months or less • You choose a payment that fits YOUR budget; not theirs’ All of our consultations are free of charge and you are under no obligation for a free analysis. As you are aware, this is a time-sensitive issue and the interest on your debt compounds daily. CALL NOW 800.648.5771 to discuss any questions or concerns you may have to resolve your debt.
Valerie Edwards's insight:
What is keeping you up at night your President or YOUR DEBT? Here's what USA VS DEBT can do for you: • Settle your debts for 40% of what you owe in most cases • Lower your monthly payments • Settle your debt in 36 months or less • You choose a payment that fits YOUR budget; not theirs’ All of our consultations are free of charge and you are under no obligation for a free analysis. As you are aware, this is a time-sensitive issue and the interest on your debt compounds daily. CALL NOW 800.648.5771 to discuss any questions or concerns you may have to resolve your debt.
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USA Vs. Debt debt settlement

USA Vs. Debt debt settlement | Debt Settlement | Scoop.it
Debt settlement and credit profile improvement services for individuals seeking debt relief
Valerie Edwards's insight:

Today most Americans are suffering with debt. It is destroying families and relationships.  Make a difference by educating your own friends and family members that there is help.

 

Settle your debt in 36 easy payments.  CALL NOW 800-648-5771. Visit us at:  www.USAvsDEBT.com  for a FREE, private consultation.

 

Find out what your options are and do not suffer another year.

 

 

 

 

THIS IS THE YEAR OF THE LORD 2015!

 

Check us out on YouTube:http://www.youtube.com/watch?v=MphWbCObu40

 

We appreciate your interests in our company’s services.

Many blessings!

Valerie Edwards, President

 

Ph #     1-800-648-5771
Fax #    1-866-757-3989
Direct # 214-394-2044


Email: VEdwards@USAvsDEBT.com  

 

 

 

Visit us at:  www.USAvsDEBT.com <http://www.usavsdebt.com/>;

Refer your family members or friends and receive a $50.00 gift card.

Click here: http://www.usavsdebt.com/

 We believe to receive BIG is to believe BIG!  God says he will bless those that bless you and curse those who curse you.  Be a blessing to someone today.

 

Disclaimer: USA VS DEBT does not provide legal, tax, or investment advice.

If a client needs legal advice, legal expertise or court filings, they must seek the advice of a licensed attorney. Individual results may vary. The information contained in this e-mail is intended only for the use of the individual or entity to which it is addressed and it may contain information that is privileged, confidential and/or exempt from disclosure under applicable law. If the reader of this message is not the intended recipient (or the employee or agent responsible to deliver it to the intended recipient), you are hereby notified that any dissemination, distribution, or copying of this e-mail is prohibited. Interception of e-mail is a crime under the Electronic Communications Privacy Act, 18 U.S.C. 2510-2521 and 2701-2709. If you have received this e-mail is in error, please notify the sender by telephone call at the number listed above or by return e-mail.

 

 

 

Let no debt remain outstanding, except the continuing debt to love one another, for he who loves his fellowman has fulfilled the law.

Romans 13:8

 

 

 

 

 

 

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Debt Relief. Know your options.

Debt Relief. Know your options. | Debt Settlement | Scoop.it

Via Valerie Edwards
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Valerie Edwards's curator insight, December 9, 2013 8:20 PM

There are basically four ways to get out of debt.

 

Keep doing what you are doing which is the longest way to get rid of your debt if you are making minimum monthly payments.

 

CCCS which is consumer credit counseling services and this is better than no help at all. You have to double up on your payments for the first 90 days of the program so the creditors will accept the proposals.

 

Another is Debt Settlement which is what we offer. This actually settles the debt at approximately 40% of your balances owed and is the most cost effective way to get out of debt.

 

Bankruptcy which should be your last option. Debt settlement is a bankruptcy prevention program. As such, it may adversely affect your credit rating if your debts are current and you have no history of late payments. However, the debt settlement program will improve your debt to income ratio and may therefore improve that portion of your credit score. Since you will have resolved your outstanding debt through our debt settlement program your future creditors will see that you settled your debts instead of filing bankruptcy.

Bankruptcy is probably not your best option. A bankruptcy stays on your credit report for up to ten years, and if you're applying for a mortgage or a re-finance, it will always show up no matter how much time has passed. It can affect your ability to gain employment. If you file for Chapter 7 the court has the right to seize some of your assets to pay your creditors, and if you file for Chapter 13 bankruptcy, the debt still has to be repaid. The court simply sets up a 5-year plan for repayment of your debt at 0 percent interest. Our program will get you debt-free over a 36 month period and will not leave a permanent mark like bankruptcy.

 

With our debt settlement program you can select which accounts you would like us to settle for you. This will be discussed during your free consultation. www.USAvsDEBT.com 800-648-5771

Valerie Edwards's curator insight, June 14, 2014 10:14 PM

Download our app and pick your payment.  Search USAvsDEBT in iTunes.  https://itunes.apple.com/us/app/usa-vs-debt/id479820943?mt=8

 

 

 

 

Click here to see what your payment could be: https://www.youtube.com/watch?v=MphWbCObu40

 

 

Download our FREE calculator to see how you can settle your debt in 24 or 36 easy payments.

Valerie Edwards's curator insight, July 28, 2014 1:52 PM

Basically there are four ways to get out of debt.

 

1-Keep doing what you are doing which is the longest way to get rid of your debt.

 

2-CCCS which is consumer credit counseling services and this is better than no help at all. You have to double up on your payments for the first 90 days of the program so the creditors will accept the proposals. Your credit report will be notated CCCS which is viewed as a chapter 13 Bankruptcy on your credit report.  It will take approximately 5 years to complete the program. The negative remarks will stay on your credit report for 7-10 years.

 

3-Another is Debt Settlement which is what we offer. This actually settles the debt at approximately 40% of your balances owed and is the most aggressive and cost effective way to get out of debt.

 

4-Bankruptcy- which should be your last option. Debt settlement is a bankruptcy prevention program. As such, it may adversely affect your credit rating if your debts are current and you have no history of late payments. However, the debt settlement program will bring your balances to a zero balance which is your goal, right? Since you will have resolved your outstanding debt through our debt settlement program your future creditors will see that you settled your debts instead of filing bankruptcy.

Bankruptcy is probably not your best option. A bankruptcy stays on your credit report for up to ten years, and if you're applying for a mortgage or a re-finance, it will always show up no matter how much time has passed. It can affect your ability to gain employment. If you file for Chapter 7 the court has the right to seize some of your assets to pay your creditors, and if you file for Chapter 13 bankruptcy, the debt still has to be repaid. The court simply sets up a 5-year plan for repayment of your debt at 0 percent interest. Our program will settle your debt over a 12-48 month period and will not leave a permanent mark like bankruptcy.

 

Would you like to resolve your unsecured debts in 24 payments or 36 payments?

 

Call 800-648-5771 or visit www.USAvsDEBT.com today.

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Debt Relief. Know your options.

Debt Relief. Know your options. | Debt Settlement | Scoop.it
Valerie Edwards's insight:

Download our app and pick your payment.  Search USAvsDEBT in iTunes.  https://itunes.apple.com/us/app/usa-vs-debt/id479820943?mt=8

 

 

 

 

Click here to see what your payment could be: https://www.youtube.com/watch?v=MphWbCObu40

 

 

Download our FREE calculator to see how you can settle your debt in 24 or 36 easy payments.

more...
Valerie Edwards's curator insight, December 9, 2013 8:20 PM

There are basically four ways to get out of debt.

 

Keep doing what you are doing which is the longest way to get rid of your debt if you are making minimum monthly payments.

 

CCCS which is consumer credit counseling services and this is better than no help at all. You have to double up on your payments for the first 90 days of the program so the creditors will accept the proposals.

 

Another is Debt Settlement which is what we offer. This actually settles the debt at approximately 40% of your balances owed and is the most cost effective way to get out of debt.

 

Bankruptcy which should be your last option. Debt settlement is a bankruptcy prevention program. As such, it may adversely affect your credit rating if your debts are current and you have no history of late payments. However, the debt settlement program will improve your debt to income ratio and may therefore improve that portion of your credit score. Since you will have resolved your outstanding debt through our debt settlement program your future creditors will see that you settled your debts instead of filing bankruptcy.

Bankruptcy is probably not your best option. A bankruptcy stays on your credit report for up to ten years, and if you're applying for a mortgage or a re-finance, it will always show up no matter how much time has passed. It can affect your ability to gain employment. If you file for Chapter 7 the court has the right to seize some of your assets to pay your creditors, and if you file for Chapter 13 bankruptcy, the debt still has to be repaid. The court simply sets up a 5-year plan for repayment of your debt at 0 percent interest. Our program will get you debt-free over a 36 month period and will not leave a permanent mark like bankruptcy.

 

With our debt settlement program you can select which accounts you would like us to settle for you. This will be discussed during your free consultation. www.USAvsDEBT.com 800-648-5771

Valerie Edwards's curator insight, July 28, 2014 1:52 PM

Basically there are four ways to get out of debt.

 

1-Keep doing what you are doing which is the longest way to get rid of your debt.

 

2-CCCS which is consumer credit counseling services and this is better than no help at all. You have to double up on your payments for the first 90 days of the program so the creditors will accept the proposals. Your credit report will be notated CCCS which is viewed as a chapter 13 Bankruptcy on your credit report.  It will take approximately 5 years to complete the program. The negative remarks will stay on your credit report for 7-10 years.

 

3-Another is Debt Settlement which is what we offer. This actually settles the debt at approximately 40% of your balances owed and is the most aggressive and cost effective way to get out of debt.

 

4-Bankruptcy- which should be your last option. Debt settlement is a bankruptcy prevention program. As such, it may adversely affect your credit rating if your debts are current and you have no history of late payments. However, the debt settlement program will bring your balances to a zero balance which is your goal, right? Since you will have resolved your outstanding debt through our debt settlement program your future creditors will see that you settled your debts instead of filing bankruptcy.

Bankruptcy is probably not your best option. A bankruptcy stays on your credit report for up to ten years, and if you're applying for a mortgage or a re-finance, it will always show up no matter how much time has passed. It can affect your ability to gain employment. If you file for Chapter 7 the court has the right to seize some of your assets to pay your creditors, and if you file for Chapter 13 bankruptcy, the debt still has to be repaid. The court simply sets up a 5-year plan for repayment of your debt at 0 percent interest. Our program will settle your debt over a 12-48 month period and will not leave a permanent mark like bankruptcy.

 

Would you like to resolve your unsecured debts in 24 payments or 36 payments?

 

Call 800-648-5771 or visit www.USAvsDEBT.com today.

Scooped by Valerie Edwards
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Debt Relief. Know your options.

Debt Relief. Know your options. | Debt Settlement | Scoop.it
Valerie Edwards's insight:

There are basically four ways to get out of debt.

 

Keep doing what you are doing which is the longest way to get rid of your debt if you are making minimum monthly payments.

 

CCCS which is consumer credit counseling services and this is better than no help at all. You have to double up on your payments for the first 90 days of the program so the creditors will accept the proposals.

 

Another is Debt Settlement which is what we offer. This actually settles the debt at approximately 40% of your balances owed and is the most cost effective way to get out of debt.

 

Bankruptcy which should be your last option. Debt settlement is a bankruptcy prevention program. As such, it may adversely affect your credit rating if your debts are current and you have no history of late payments. However, the debt settlement program will improve your debt to income ratio and may therefore improve that portion of your credit score. Since you will have resolved your outstanding debt through our debt settlement program your future creditors will see that you settled your debts instead of filing bankruptcy.

Bankruptcy is probably not your best option. A bankruptcy stays on your credit report for up to ten years, and if you're applying for a mortgage or a re-finance, it will always show up no matter how much time has passed. It can affect your ability to gain employment. If you file for Chapter 7 the court has the right to seize some of your assets to pay your creditors, and if you file for Chapter 13 bankruptcy, the debt still has to be repaid. The court simply sets up a 5-year plan for repayment of your debt at 0 percent interest. Our program will get you debt-free over a 36 month period and will not leave a permanent mark like bankruptcy.

 

With our debt settlement program you can select which accounts you would like us to settle for you. This will be discussed during your free consultation. www.USAvsDEBT.com 800-648-5771

more...
Valerie Edwards's curator insight, June 14, 2014 10:14 PM

Download our app and pick your payment.  Search USAvsDEBT in iTunes.  https://itunes.apple.com/us/app/usa-vs-debt/id479820943?mt=8

 

 

 

 

Click here to see what your payment could be: https://www.youtube.com/watch?v=MphWbCObu40

 

 

Download our FREE calculator to see how you can settle your debt in 24 or 36 easy payments.

Valerie Edwards's curator insight, July 28, 2014 1:52 PM

Basically there are four ways to get out of debt.

 

1-Keep doing what you are doing which is the longest way to get rid of your debt.

 

2-CCCS which is consumer credit counseling services and this is better than no help at all. You have to double up on your payments for the first 90 days of the program so the creditors will accept the proposals. Your credit report will be notated CCCS which is viewed as a chapter 13 Bankruptcy on your credit report.  It will take approximately 5 years to complete the program. The negative remarks will stay on your credit report for 7-10 years.

 

3-Another is Debt Settlement which is what we offer. This actually settles the debt at approximately 40% of your balances owed and is the most aggressive and cost effective way to get out of debt.

 

4-Bankruptcy- which should be your last option. Debt settlement is a bankruptcy prevention program. As such, it may adversely affect your credit rating if your debts are current and you have no history of late payments. However, the debt settlement program will bring your balances to a zero balance which is your goal, right? Since you will have resolved your outstanding debt through our debt settlement program your future creditors will see that you settled your debts instead of filing bankruptcy.

Bankruptcy is probably not your best option. A bankruptcy stays on your credit report for up to ten years, and if you're applying for a mortgage or a re-finance, it will always show up no matter how much time has passed. It can affect your ability to gain employment. If you file for Chapter 7 the court has the right to seize some of your assets to pay your creditors, and if you file for Chapter 13 bankruptcy, the debt still has to be repaid. The court simply sets up a 5-year plan for repayment of your debt at 0 percent interest. Our program will settle your debt over a 12-48 month period and will not leave a permanent mark like bankruptcy.

 

Would you like to resolve your unsecured debts in 24 payments or 36 payments?

 

Call 800-648-5771 or visit www.USAvsDEBT.com today.

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Debt Settlement Texas | Debt Negotiation in Texas | Debt Relief Texas - USAvsDEBT

Debt Settlement Texas | Debt Negotiation in Texas | Debt Relief Texas - USAvsDEBT | Debt Settlement | Scoop.it
Call 800-648-5771 to settle your Debt. USAvsDEBT offers Debt Settlement Services in Texas for consumers seeking Debt Relief, Debt Negotiation in Texas.
Valerie Edwards's insight:

History of Student Loans

The federal government began guaranteeing student loans provided by banks and non-profit lenders in 1965,

creating the program that is now called the Federal Family Education Loan (FFEL) program. The first federal

student loans, however, provided under the National Defense Education Act of 1958, were direct loans

capitalized with U.S. Treasury funds, following a recommendation of economist Milton Friedman. But when

Congress wanted to expand on that start, budget rules made the guarantee approach seem more attractive.

Under then-prevailing budget rules, a direct loan would have to show up in the budget as a total loss in the

year it was made, even though most of it would be paid back with interest in future years. In contrast, a

guaranteed loan, which placed the full faith and credit of the United States behind a private bank loan, would

appear to have no upfront budget cost at all -- because the government’s payments for defaults and interest

subsidies would not occur until later years. This raised concerns among economists, who worried that the

government was making financial commitments without accounting for the ultimate costs.

In 1990, economists got what they wanted. With President George H.W. Bush’s signature on the Federal Credit

Reform Act (which was included in a larger budget reconciliation bill, the Omnibus Reconciliation Act of

1990), all government loan programs—whether guarantees of commercial loans, or loans made directly from a

federal agency—would have to account for their full long-term expenses and income. Every loan program

would have an estimated “subsidy cost.”

The subsidy cost is the amount of money that needs to be set aside when the loan is made in order to cover the

costs to the government over the life of the loan. According to the Government Accountability Office, the old

approach "distorted costs and did not recognize the economic reality of the transactions," while the new

approach "provides transparency regarding the government's total estimated subsidy costs rather than

recognizing these costs sporadically on a cash basis over several years as payments are made and receipts are

collected."

This more rational approach to budgeting changed the nature of policy discussions on Capitol Hill.

Student loan programs were among the first to be affected.

Prompted by an analysis from the Bush administration indicating that direct loans would be less costly and

simpler to administer than guaranteed loans, Congress created a direct lending pilot program in 1992. In 1993,

newly elected President Clinton proposed replacing the guarantee program with the direct approach as part of

his deficit reduction plan. Estimates from all of the government's budgeting and auditing agencies showed

that direct lending would deliver the same loans to students at significantly lower cost to taxpayers.

As part of the 1993 budget agreement, Congress passed a budget reconciliation bill (the Omnibus

Reconciliation Act of 1993) that would phase in direct lending, starting with colleges that volunteered to

participate and giving the Secretary of Education the power, if necessary, to require colleges to switch until at

least 60 percent of loans nationwide were direct. While the law called for direct lending to replace

guaranteed loans, it was silent about what would happen beyond the 60-percent mark, since that was outside

of the five-year window covered by the budget.

In 1994, the new Republicans leadership in Congress targeted direct lending for elimination. However, many

college and university officials were dissatisfied with the guaranteed loan system and optimistic about the new

alternative. Under the guarantee system, financial aid administrators had to deal with what the Government

Accountability Office labeled a “complicated, cumbersome process,” disconnected from other federal aid and

involving thousands of middlemen. Hundreds of institutions were already participating in the direct loan

program, which operated in tandem with the other federal aid programs.

Ultimately, Congressional leaders stopped short of eliminating direct lending. Instead, they passed a law that

prohibited the Department of Education from encouraging or requiring colleges to switch to the direct loan

program. In theory, this maximized choice: schools could choose to participate in one program or the other. In

practice, those profiting from the guarantee system could use their substantial resources to lure or retain

colleges and universities, while the direct loan program was not allowed to make its own case. Not

surprisingly, campus participation in the direct loan program declined.

In 2003, a team of investigative reporters at U.S. News and World Report looked into what was causing some

colleges to switch back to the guarantee program. Their front-page story found that much like old-time

political ward bosses, the student loan industry “used money and favors, along with their friends in Congress

and the Department of Education, to get what they wanted.”

By 2007, new volume in the direct loan program had reached the lowest share of total federal student loan

volume since it began in the 1990s. This trend, however, reversed in 2008. Widespread credit market

disruptions in 2008 and 2009 threatened the ability of many private lenders to make loans under the federal

guaranteed student loan program, and numerous private lenders discontinued participation in the

program. In response, schools that previously participated in the guarantee program switched to the direct

loan program, and direct loan program volume, as share of total loan volume, began to increase in 2008.

Legislative responses to credit market turmoil also dramatically changed the structure and operations of the

FFEL program. Congress and President George W. Bush enacted a temporary program in May 2008 to allow

the U.S. Department of Education to buy guaranteed loans made by private lenders. The proceeds from the

loans would be used to originate new student loans. The temporary program, the Ensuring Continued Access

to Student Loans Act (ECASLA), marks a major historical change in the guaranteed loan program, as it

provides federal capital to private lenders making student loans. In this regard, the guaranteed program now

shares more characteristics with the direct loan program.

Finally, President Barack Obama proposed in his fiscal year 2010 budget request to Congress a full elimination

of the FFEL program. He argued that subsidies paid to private lenders under the program were unnecessary

and that cost savings could be achieved if all federal student loans were made through the direct loan

program.

In 2010, Congress passed and the President signed into law a bill that eliminated the FFEL program for all new

loans made as of July 1, 2010. All federal student loans have been made under the Direct Loan program as of

that date. The Congressional Budget Office estimated that the elimination of the FFEL program under the law

would generate $68.7 billion in savings over the next ten years. These savings were used to increase funding

for the Pell Grant program.

Source: U.S. Department of Education; New America Foundation

 

Federal Student Loan Consolidation

 

What is consolidation?

The financial meaning of the term:

Taking multiple debt or credit lines and consolidating them into one new payoff plan. Frequently, this is

a consolidation loan, provided to consolidate debts into one loan with one payment.

Why to consolidate:

Consolidation Loans allow borrowers to combine one or more of their Federal education loans into a new

loan that offers several advantages.

• One Lender and One Monthly Payment

With only one lender and one monthly payment due for student loans, it is easier than ever for borrowers to

manage their debt. Borrowers have only one lender, the U.S. Department of Education, for all loans included

in a Direct Consolidation Loan.

• Repayment Options

Borrowers can choose from multiple repayment plans with various term selections to repay their consolidation

loan(s), including an Income Based Repayment (IBR), Income Contingent Repayment (ICR) or Pay As Your

Earn (PAYE). These plans are designed to be flexible to meet the different and changing needs of borrowers.

With a consolidation loan, borrowers can switch repayment plans at any time. If your client selects the IBR

Plan or PAYE and want to change at a later date, your client’s only option will be the Standard Plan.

• No Minimum or Maximum Loan Amounts

There is no minimum amount required to qualify for a Direct Consolidation Loan.

However, we need to make sure the fee makes sense to the client, so we typically stick to $10,000.00 or greater.

• Reduced Monthly Payments

A consolidation loan may ease the strain on a borrower's budget by lowering the borrower's overall monthly

payment. The minimum monthly payment on a consolidation loan may be lower than the combined payments

charged on a borrower's Federal education loans.

 

Who is Eligible for a Federal Student Loan Consolidation?

Consolidation Loans are available to most borrowers of Federal education loans and come from one of two

sources:

• Direct Consolidation Loans are made by the U.S. Department of Education whom you repay.• Federal Consolidation Loans are made through the Federal Family Education Loan (FFEL) Program.

While FFEL funds come from private lenders, such as banks and credit unions, they are subsidized and

supported by the U.S. Department of Education. You repay a FFEL Consolidation Loan to the private

lender that made the loan or to its designated agency.

Whether you receive a Direct or FFEL Consolidation Loan depends on which program you choose. In either

case the terms of the loan (loan amounts, interest rate, and other benefits) are generally the same.

General Program Requirements

Most Federal student loans are eligible for consolidation, including subsidized and unsubsidized Direct and

Federal Family Education (FFEL) Stafford Loans, Direct and FFEL PLUS Loans (parent loans), Federal

Perkins Loans, Federal Nursing Loans, and Health Education Assistance Loans. Private educational loans are

NOT eligible for a federal loan consolidation.

You can get an FFEL Consolidation Loan during your grace period, once you have entered repayment, or

during periods of deferment or forbearance. Borrowers who are in default must meet certain

requirements before they may consolidate their loans.

Loan Terms

Maximum Loan Amount: None

Maximum Loan Length: 30 years

Frequency of Payments: Monthly

Prepayment penalties: None

 

Student Loan Consolidation Options

• Standard Repayment

With the standard plan, you'll pay a fixed amount each month until your loans are paid in full. Your monthly

payments will be at least $50, and you'll have up to 30 years to repay your loans with a fixed interest rate.

The standard plan is a good fit for you, if according to your budget the IBR, ICR and PAYE plans are higher

in monthly payment, as the standard plan does not account for your finances.

• Graduated Repayment

With this plan your payments start out low and increase every two years. The length of your repayment

period will be up to 30 years. If you expect your income to increase steadily over time, this plan may be right

for you. Your monthly payment will never be less than the amount of interest that accrues between payments.

• Income Contingent Repayment (ICR)

(Not available for parent PLUS Loans)

This plan gives you the flexibility to meet your Direct Loan obligations without causing undue financial

hardship. Each year, your monthly payments will be calculated on the basis of your adjusted gross income

(AGI, plus your spouse's income if you're married), family size, and the total amount of your Direct

Loans. Under the ICR plan you will pay each month the lesser of:

1. the amount you would pay if you repaid your loan in 12 years multiplied by an income percentage

factor that varies with your annual income, or

2. 20% of your monthly discretionary income.

If your payments are not large enough to cover the interest that has accumulated on your loans, the unpaid

amount will be capitalized once each year. However, capitalization will not exceed 10 percent of the original

amount you owed when you entered repayment. Interest will continue to accumulate but will no longer be

capitalized.

The maximum repayment period is 25 years. If you haven't fully repaid your loans after 25 years (time spent

in deferment or forbearance does not count) under this plan, the unpaid portion will be discharged. You may,

however, have to pay taxes on the amount that is discharged.

• Income-Based Repayment Plan. (IBR)

Under this plan the required monthly payment will be based on your income during any period when you

have a partial financial hardship. Your monthly payment may be adjusted annually. The maximum

repayment period under this plan may exceed 25 years. If you meet certain requirements over a specified

period of time, you may qualify for cancellation of any outstanding balance of your loans.

 

• Pay As You Earn. (PAYE)

On December 2012 the DOE announced that borrowers with Federal Student Loans may now be able to take

advantage of a new repayment plan that could lower their monthly federal student loan payments. The plan,

known as Pay As You Earn, caps monthly payments for many recent graduates at an amount that is

affordable based on their annual income. This new option follows through on President Obama’s promise to

provide student graduates with relief on their student loan payments and help them responsibly manage their

debt payments.

Pay As You Earn plans cap monthly payments for Federal Direct Student Loans at 10% of discretionary

income for eligible the borrowers.

 

Interest Rates

Consolidation loans have longer terms than other loans. Debtors receive terms of 10–30 years. Although the

monthly repayments are lower, the total amount paid over the term of the loan is higher than would be paid

with other loans. The fixed interest rate is calculated as the weighted average of the interest rates of the loans

being consolidated, assigning relative weights according to the amounts borrowed, rounded up to the

nearest 0.125%, and capped at 8.25%. Some features of the original consolidated loans, such as post

graduation grace periods and special forgiveness circumstances, are not carried over into the consolidation

loan, and consolidation loans are not universally suitable for all debtors.

Fixed Rate Loans

Date of First Loan Type

Fixed Intereisbursement Rate

7/1/11–6/30/13 3.40%

Direct Subsidized Loans

7/1/10–6/30/11 4.50%

7/1/09–6/30/10 5.60% Undergraduate Students

7/1/08–6/30/09 6.00%

7/1/06–6/30/08 6.80%

Direct Subsidized Loans

Graduate and Professional On or after 7/1/06 6.80%

Students*

Direct Unsubsidized Loans

On or after 7/1/06

6.80% All Students

Direct PLUS Loans On or after 7/1/06

7.90% Parents and Graduate Students

Variable Rate Loans

Loan Type

Date of First

Loan Status

Interest Rates for the

Disbursement Period 7/1/12–6/30/13

Direct Subsidized and

7/1/98–6/30/06

Repayment/Forbearance 2.39%

Unsubsidized Loans

In-School/Grace/Deferment 1.79%

Direct PLUS Loans 7/1/98–6/30/06 Any status 3.19%

 

Common terms

Consolidation Loan: In which two or more loans are combined into one single loan. This allows monthly

payments to be combined into one per month, but also can lengthen a repayment term.

Cosigner: Same as endorser or co-borrower. A signer of a loan’s promissory note, who agrees to accept equal

responsibility as the borrower in repaying the loan, although the cosigner does not get the benefit of the

product.

Default: When the borrower’s loan has gone unpaid for more than 9 months. Once the loan enters default, the

total loan balance including interest is due immediately.

Deferment: The postponement of repaying a loan, under certain conditions.

Delinquency: Failure to make a payment on time.

Disbursement: The issuance of the loan installment to a borrower or a school on behalf of a borrower.

Disbursement Date: The date a lender issues funds for a loan to a borrower or to a school.

FAFSA: The free application for federal student aid. This application determines eligibility for federal student

loans.

Forbearance: An agreement between a borrower and a lender to postpone repayment of a loan or reduce

payments. This agreement is only based on certain hardships the borrower has experienced.

Grace Period: The specified time period after a student graduates in which the student does not have to make

payments on the loan.

Half-time student: A student must be taking at least half of the course load required of a full-time student.

This status will be determined by the student’s school.

 

Federal Student Loans

Federal student loans have more favorable terms than private loans. The government sets a low fixed

interest rate. Nearly all students are eligible to receive federal student loan money and they feature a

grace period after school which no payments are due.

Stafford Loans

These loans are available to almost all students who submit a FAFSA and are enrolled at least “half

time”.

Subsidized Stafford Loans

These loans are available for students with a financial need and students are responsible for all the

interest that accrues on the loan including while they are in school.

Unsubsidized Stafford Loans

These loans are available for students without a financial need and they are responsible for all the

interest that accrues on the loan including while they are in school.

Federal Perkins Loan

These types of loans are for students with the greatest financial need. It has a low fixed interest rate of

just 5% and they share many of the characteristics of subsidized Stafford loans. In addition, they

include the advantages of not having fees and having longer grace periods.

Federal Parent PLUS Loans

These loans are for parents of undergraduate dependent students and can be used to fund the entire

cost of the student’s education. The interest rates are a fixed 8.5%. So the other types of loans would be

preferable if available.

Private Loans

In addition to the federal loans, private loans may be available to cover the rest of the education cost for

students. Those who will be taking responsibility for their loans without the help of their parents are

most likely candidates for private loans. There are many companies that offer private student loans

(Sallie Mae, AES, Citi, Wells Fargo, Discover) Interest rates vary based on factors such as Credit Score

and Cosigners.

 

Student Loan Forgiveness Program

What is the Public Service Loan Forgiveness Program?

Through the College Cost Reduction and Access Act of 2007, Congress created the Public Service Loan

Forgiveness Program to encourage individuals to enter and continue to work full-time in public service jobs.

Under this program, borrowers may qualify for forgiveness of the remaining balance due on their eligible

federal student loans after they have made 120 payments on those loans under certain repayment plans while

employed full time by certain public service employers. Since borrowers must make 120 monthly payments on

their eligible federal student loans beginning after October 1, 2007 before they qualify for the loan forgiveness,

the first cancellations of loan balances will not be granted until October 2017.

What are the borrower eligibility requirements for loan forgiveness under

the Public Service Loan Forgiveness Program?

• The borrower must not be in default on the loans for which forgiveness is requested.• The borrower must be employed full time by a public service organization for the entire 120 monthly

payments.

What are the specific loan repayment requirements for loan forgiveness under

this program?

• The borrower must have made 120 separate monthly payments beginning after October 1, 2007 on

the student loan.

• Earlier payments do not count toward meeting this requirement.• Each of the 120 monthly payments must be made for the full scheduled installment amount within 15

days of the due date

• The 120 required payments must be made under one or more of the following D.O.E Program

repayment plans–

o Income Based Repayment (IBR) Plan (not available to parent Direct PLUS Loan borrowers)

o Income Contingent Repayment Plan (not available to parent Direct PLUS Loan

borrowers)

o Pay as You Earn (Not available to FFEL loans)

 

Student Loan Forgiveness Program

What types of public service jobs will qualify a borrower for loan

forgiveness under the PSLF

Program?

You must be employed full time (in any position) by a public service organization, or must be serving

in a full-time AmeriCorps or Peace Corps position. Organizations that meet the definition of “public

service organization” for purposes of the PSLF Program are listed below.

• A government organization (including a federal, state, local, or tribal organization,

agency, or entity; a public child or family service agency; or a tribal college or university).

• A not-for-profit, tax-exempt organization under section 501(c)(3) of the Internal Revenue Code.• A private, not-for-profit organization (that is not a labor union or a partisan

political organization) that provides one or more of the following public services:

o Emergency management

o Military service

o Public safety

o Law enforcement

o Public interest law services

o Early childhood education (including licensed or regulated health care, Head Start, and state funded

Pre-kindergarten)

o Public service for individuals with disabilities and the elderly

o Public health (including nurses, nurse practitioners, nurses in a clinical setting and full-time

professionals engaged in health care practitioner occupations and health care support occupations)

o Public education

o Public library services

o School library or other school-based services

 

Student Loan Forgiveness Program

What is full-time employment?

You must meet your employer’s definition of full-time. However, for PSLF purposes, that definition

must be at least an annual average of 30 hours per week.

For purposes of the full-time requirement, you’re qualifying

employment at a not-for-profit organization does not include time spent participating in religious

instruction, worship services, or any form of proselytizing.

If you are a teacher, or other employee of a public service organization, under contract for at least

eight out of 12 months, you meet the full-time standard if you work an average of at least 30 hours

per week during the contractual period and receive credit by your employer for a full year’s worth of

employment.

If you are employed in more than one qualifying part-time job simultaneously, you may meet the

full-time employment requirement if you work a combined average of at least 30 hours per week

with your employers.

 

Rehabilitation Program

For clients that have fallen delinquent past 120 days on their federal student loans may not be eligible for a

student loan consolidation due to their current loan status. In order for a consolidation to happen client must

be brought back into a current loan status. Clients that cannot or chose not to pay their loans back can

typically receive a garnishment of wages within 180 days from the day of delinquency. Student Loans that are

federally backed do not need to go through the lengthy court process in order to successfully garnish a client’s

wages.

An option for getting your clients loan out of default is loan rehabilitation. To rehabilitate your clients Direct

Loan or FFEL Program loan, the collection agency must agree on a reasonable and affordable payment plan

based on your client’s budget and current status.

Your client’s loan is rehabilitated only after they have voluntarily made the negotiated agreed-upon payments

on time.

Note: Payments that have already been collected from your client—for example, through the Administrative

Wage Garnishment (AWG) process or through legal action taken against the client to collect on their

defaulted loan—do not count toward their rehabilitation payments. (Through AWG, payments will be

deducted from their wages until their defaulted loan is removed from default status.)

Once their loan is rehabilitated, they may regain eligibility for benefits that were available on their loan

before they defaulted. Those benefits may include deferment, forbearance, and a choice of repayment plans,

loan forgiveness and eligibility for additional federal student aid.

Other benefits of loan rehabilitation may include the removal of:

• The default status on their defaulted loan,• the default status reported to the national credit bureaus,• wage garnishment, and• Collection fees and late fees,• any withholding of your clients income tax refund made by the Internal Revenue Service (IRS).

After rehabilitation, your client’s monthly payment may be more than the amount they paid while they were

rehabilitating their loan. Delinquencies (late payments) reported before the loan defaulted may not be

removed from your clients’ credit report.

Rehabilitation Process:

• It is a two-step process when a client has fallen delinquent and lost their eligibility for a consolidation:

1. Enroll the client in the Rehabilitation program; there is an additional charge of $300.00 that

brings the total to $999.00. Client can also pay a total of $699.00 total if less than $5K in debt.

2. Once the rehabilitation is completed the client will be eligible for consolidation and

automatically enrolled.

• Once agreement is received and the client is enrolled, client is transferred to the Rehabilitation

Department.

• Rehabilitation representatives will contact the client and receives the Limited Power of Attorney.• Rehabilitation representatives will contact all of the lenders that are in default and sends POAs

to all lenders and works out arrangements with lender/client.

16

• Rehabilitation representative is the mediator between lender and client.• Once agreement is reached between lender and client, payment arrangements are set up directly with

lender for an approximate period of 9 to 12 months.

• Once rehabilitation is complete, accounts will then start the consolidation process.

 

Common Objections

Am I able to consolidate on my own?

You can. However you can also download the necessary forms from the IRS and file your taxes

yourself. But you either purchase software or hire an accountant/CPA to help you file them. Why?

So you can maximize your return and make sure your taxes are filed correctly. The same concept

applies here. You can do it on your own but we guarantee that your paperwork is filed to the

Department of Education Underwriting standards, ensuring that your consolidation will be

accepted immediately, we also make sure that you receive all the benefits in which you may be eligible.

What does my enrollment fee cover?

Your enrollment fee covers the filing of your consolidation as well as the follow up on any and all

information that is required throughout the consolidation. It also covers being able to service you

account as long as needed.

What is the process of the consolidation?

Certification Phase- A request sent out to your original lenders to verify the exact pay off balance.

Summary Statement Phase- A letter is mailed out to you outlining the loans that are included in

the consolidation along with the new repayment plan, monthly payment and interest rate.

Funding Book Phase-Payment is sent out to the original lenders to pay the accounts in full.

Do you work for the DOE?

We do not work for the Department of Education however we work directly with the Department

of Education for the consolidation.

Does this mean I am approved?

Your consolidation will officially be approved once your information is filed. If for any reason the

consolidation is not approved you would receive 100% refund.

How do I know this is not a scam?

You will be receiving paperwork throughout the entire process from the Department of Education

to verify your file is being worked on. You will also be receiving calls and emails to inform you of

the status of the consolidation.

Will my interest rates go down?

The interest rate is a weighted average. That means that there is a possibility that the interest rate

may go down. It should never be higher than what you are paying now.

How long does the consolidation take?

The consolidation can take anywhere from 60-90 days.

Do I have to make my student loan payments during the

consolidation process?

We advise all our clients to make their current payments on time if possible. However the majority

of our clients are unable to make their current payments and the program fee so they make the

decision to make only the program payment. Keep in mind if you have forbearance available we

will apply for one. If it is accepted then payments are not required during the consolidation

process.

What if I do not have the forbearance available?

If the forbearance is not available and you cannot make payments keep in mind that you may

receive phone calls.

When is the forbearance filed?

The forbearance is filed after the documents are received and a payment is made

Will the forbearance affect my credit?

A. If the forbearance is available it will not affect your credit.

B. If the forbearance is not available and you are unable to make your current monthly payment

then your credit may show late payments but some student loans do not report to the credit

bureaus until they are 90 days past due .

What if I cannot afford the consolidation fee?

A. I understand right now the consolidation fee may be hard for you to afford. However we

have split the fee into two or three payments for you. These payments will be made while

your loans are in forbearance and once the consolidation process is complete your new

monthly payment will be more affordable for you thus freeing up cash flow. This is a huge benefit to you.

B. The consolidation fee is charged in order for us to complete the entire process. We do allow

you to place this charge on your credit card only if you are not struggling with your unsecured debts and then with your monthly savings you will be

able to pay this off in no time.

C. Use this chart to calculate the savings: (if the forbearance is available)

1. Current monthly payment: $_______

2. Multiply monthly payment X 5= $_______

3. Subtract fee of the $699 from the above line. So as you can see from some simple

math, as you can see we can save you approximately $_______

Benefits of consolidation

• Have some of (if not the whole amount) of the loan forgiven• Lower your payments into one small monthly payment• Go back to school to finish your degree (Restore your Eligibility for Financial Aid)• Fix your credit report• Get your Federal Student Loan out of Default• Shorten the term of the loan• Release any co-signers on the loan• Stop Wage Garnishment, Prevent Tax Liens• Stop Harassing Phone Calls from Bill Collectors• Restore Forbearances & Deferment Benefits• Obtain your Diploma & Transcripts• Reduce your Monthly Federal Student Loan Payments by 50% -100%

Student Loan Consolidation Processing

Information needed to “Submit to QC”

• Email Address• First and Last name• Date of Birth• Social Security Number• Home address• Current Student Loan Payment• Income (gross income from paystub or AGI from tax return)• Income Type• Marital Status• Tax Filing• Family Size• How do you file taxes (single/jointly?)• FAFSA Pin Number and/or answer the questions

Information to send out contract

All info needed for “Submit to QC”

• Driver’s license number and issuing state• Employer info (including address)• Program type and payment amount• Payment dates/amounts for the consolidation fee• Credit Card/ACH Info

 

Program Fees

USA VERSUS DEBT’s, Inc. Federal Student Loan Consolidation Program in conjunction with Benchmark Processing has a flat fee depending on client’s status:

Consolidation

• $699.00 You can pay this in 1, 2 or 2 EASY PAYMENTS!

 

Change of Repayment Program

• $349.00

Clients that have already consolidated their student loans may need to change their repayment option.

If a client has lost their job or loss in income or consolidated and chose a standard repayment option

may now be eligible for an IBR, ICR or PAYE program.

Rehabilitation

• $300.00

For clients that have fallen delinquent and cannot qualify for an ordinary consolidation may need to

opt into the rehabilitation program first. The fee is $300.00 plus the consolidation fee.

Processing Requirements

1. All Clients must meet all of the Program Guidelines or they will not be accepted.

2. Client must currently not have a current lawsuit or garnishment order. There is an additional fee for

accounts with this garnishment status.

3. Client should not have consolidated their loans prior. FFEL is OK. There is an additional program offered

for accounts that have already been consolidated. If clients have consolidated in the past and have taken out

additional student loans thereafter they may still be eligible for a consolidation. In the event the client is in a

consolidated loan, we may be able to change the repayment type for a fee of $349.00.

Cancellation Policy

Client will receive a Federal Student Loan Consolidation through the Department of Education. If a client is

not approved for a Federal Student Loan Consolidation through the DOE, then the client will be reimbursed

100% of the Consolidation Fee Payment.

Acceptable Proof of Income

‐ Prior Year Tax Return (1040)

‐ One month’s current paystubs

‐ Government Award Letters

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Causes for Possible Delays in Consolidation

• Missing FASFA PIN• If the FASFA PIN IS MISSING: Answers to Security Questions: Mother’s Maiden Name,

Favorite Color, City born in, Hospital born in, Favorite pastime, Dream vacation, First

car….

• Personal information is inaccurate: Client’s last name (what name student loans are

under: married or maiden name)

• Verification of Income and Family size• Verification of Spouse’s information• Verification of Repayment Plan Chosen• Complete understanding of Consolidation Program• Receiving necessary forms back from client in a timely manner• Client changes Repayment Plan• Loans were excluded from the Consolidation• Loans were added since original quote• Monthly payment and Interest rate has changed since original quote

 

 

We have other options for PRIVATE STUDENT LOANS if you are 9 months delinquent.

 

 

This service is available to residents of the following states:

 

 

Alabama  

Alaska

 

Arizona 

Arkansas  

California  

DC

Delaware

Florida

Hawaii  

Illinois 

Indiana

Iowa

Kentucky

Louisiana

Maine

Maryland   Massachusetts       Michigan Mississippi  

Missouri   Montana

Nebraska  

New   Jersey

New   Mexico

New   York

Nevada

North   Dakota

Ohio  

Oklahoma

Pennsylvania

Rhode   Island

S.   Dakota

Tennessee

Texas

Utah

 

Washington

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Confused on your options? Fill out the form www.USAvsDEBT.com and a specialist will contact you with your options.

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