Ameritech Financial: Student Loan Collections May Be Avoided With the Right Repayment Plan
ROHNERT PARK, Calif., Feb. 27, 2018 /PRNewswire/ -- Student loan borrowers are falling behind on their payments at higher rates, and for federal loan borrowers in default, a collection agency hired by the government may be pursuing them to collect their debt. How much freedom these collection agencies have might depends on new decisions made by the Department of Education in the coming days. Despite the news, borrowers have options if they are struggling. Ameritech Financial, a private document preparation company that helps align borrowers with federal repayment plans, helps position borrowers to apply for programs intended to assist in staying out of default, which means avoiding collections.
"Being in collections can be extremely stressful, so we like to help people take action so they don't even reach that point," said Tom Knickerbocker, executive vice president of Ameritech Financial. "Federal student loan borrowers do have tools on hand to keep their loan situation from getting out of control."
For borrowers who may be struggling with their payments and at risk for defaulting, there are options intended to help them avoid falling behind even more. Ameritech Financial assists borrowers in selecting and applying for federal repayment plans that base monthly payments on income and family size. These income-driven repayment plans could potentially lower borrowers' payments and get them on track to forgiveness. IDRs offer loan forgiveness for borrowers after a 20- to 25-year repayment period.
"By avoiding default with an affordable monthly payment, borrowers can avoid all the consequences that may come with collections, like wage garnishment," said Knickerbocker. "These income-driven repayment plans can be a financial lifeboat for borrowers who are having trouble making payments on their loans. At Ameritech Financial, we do our best to make sure our clients are using all the resources they have to stay current on their loans."
About Ameritech Financial
Ameritech Financial is a private company located in Rohnert Park, California. Ameritech Financial has already helped thousands of consumers with financial analysis and student loan document preparation to apply for federal student loan repayment programs offered through the Department of Education.
Ameritech Financial 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).
Ameritech Financial prides itself on its exceptional customer service.
Contact
To learn more about Ameritech Financial, please contact:
Ameritech Financial
5789 State Farm Drive #265
Rohnert Park, CA 94928
1-800-792-8621
[email protected]
Related Links
SOURCE Ameritech Financial
Related Links
https://ameritechfinancial.com
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article