Student Loan Debt

Default rates for instruction loans are at an all-time high. Student loan debt is not automatically discharged in a bankruptcy. Nonetheless, every circumstance is different. A discharge from student loan debt is not easy, but it’s not hopeless with a student loan lawyer at your side. Handling student loans can be simplified with the help of The Stallings Law Firm.

One of the main things to do is contact your lender immediately once you fall behind. Stopping payments entirely might seem like the obvious alternative, but it is also the worst one. There are other options that might help. For example, in some circumstance you’re in a position to suspend your monthly payments temporarily because of events such as job loss or an unanticipated illness. This can be achieved through a deferment or forbearance. Additionally, there are other payment programs that may be available to you, such as an income-sensitive program, which is based on your current income.

Another potential option is to consolidate your student loans, which means that you can combine multiple federal student loans into one. This might help you greatly lower your monthly payment into a more affordable solution. Before deciding to go through with this option, it’s important to look at your budget to see what you are able to afford.

After filing for bankruptcy, the collection calls seeing your student loans will stop, as will other collection calls. 

If you’re being threatened with wage garnishment or lawsuit, we could shield you. If you are already in default and do not understand how to get out of it all on your own we could guide you. If you are not in default but are behind on bills since you cannot afford your minimum monthly payment we could help you.

It is time that you place yourself in control of the situation because there’s light at the end of the tunnel. Do not allow the strain of your fiscal situation impact you adversely. You won’t understand the right option for you unless you speak with a skilled and experienced student loan attorney who understands at The Stallings Law Firm.