American Financial Benefits Center Encourages Open Communication With Partners About Finances and Debt

EMERYVILLE, Calif., Feb. 19, 2018 /PRNewswire/ -- Being compatible with a romantic partner depends on many factors. And while financial compatibility isn't always easy to talk about, money is often a big influence on a relationship. Therefore, communicating about money and debt is essential. American Financial Benefits Center (AFBC), a document preparation company that helps align its clients with federal student loan repayment and forgiveness programs, encourages open communication about finances and debt with one's partner or spouse.

"We encourage all of our clients at AFBC, and everyone in general, to be open about their financial and debt situation with the people closest to them," said Sara Molina, Manager at AFBC. "Usually this means their spouse. This way, a couple can work together as a team to handle that debt."

Two people don't even have to be at the same socioeconomic level, or have the same income or debt levels, to make their relationship work. Experts say both acknowledging and remaining judgment-free of a person's upbringing or socioeconomic background helps bridge the divide between a couple's differing personal histories.

It's obvious, though, that someone's financial situation can make them more—or less--attractive to a potential or current partner. And debt—including student debt—is sometimes used as a metric for assessing compatibility before a relationship gets too far, possibly because it may reveal money management skills.

AFBC encourages people to have an open mind when it comes to student debt, though. While no one should feel obligated to date someone, student debt should be looked at in context of the person's life, not just as a standalone number. Student loan borrowers might also be managing their debt quite well, even if the balance numbers are high. Federal student loan borrowers may be in an income-driven repayment plan, for example, with affordable monthly payments and the expectation of forgiveness after a set number of years of repayment.

AFBC clients, for example, receive assistance selecting and applying for repayment plans that base their monthly payment on income and family size. Clients can expect yearly help with the recertification process. In these income-driven plans, after a 20- to 25-year period, any remaining balance will be forgiven.

"Student loans, especially federal loans with all the repayment options, can be more complex than they seem at first glance," said Molina. "At AFBC, we help borrowers manage their loans, even if their balance is high. We hope others see how complicated student debt is—a situation may be much more positive than you think."

About American Financial Benefits Center

American Financial Benefits Center is a document preparation company that helps clients apply for federal student loan repayment plans that fit their personal financial and student loan situation. Through its strict customer service guidelines the company strives for the highest levels of honesty and integrity.

AFBC is a member of the Association for Student Loan Relief (AFSLR), and each representative on the phone has received the Certified Student Loan Professional certification through the International Association of Professional Debt Arbitrators (IAPDA).

Contact

To learn more about American Financial Benefits Center, please contact:

American Financial Benefits Center
1900 Powell Street #600
Emeryville, CA 94608
1-800-488-1490
[email protected]

Related Links

AFBC home page

SOURCE American Financial Benefits Center

Related Links

https://afbcenter.com