meet andrew weber, private student loan negotiator and certified student loan counselor
I’m the top non-attorney private student loan settlement specialist in the United States, having helped thousands in their pursuit to find a valid, feasible alternative to private student loan forgiveness. For most, this means reaching a final settlement amount with your loan provider, their contracted debt collector, or a debt buyer.
Is Private Student Loan Forgiveness Through The Government Possible?
I get asked this question a lot and let me tell you, the answer is no. The federal government has NO authority to offer private student loan forgiveness. To have that authority, it would have to pass through both houses of Congress, and would be viewed as a “bailout” of private student lenders (who are in no real financial trouble). Needless to say, this has no chance of happening in the current or near future political environment.
Is There An Alternative to Forgiveness?
I offer no nonsense, no upfront fee settlement negotiation on private student loans; and specialize in settling high balance, high risk private student loan accounts for as low as possible.
Another important aspect I can assist with is helping you to begin rebuilding your credit – due to the settlement itself – before the typical seven-or-so-year span individuals in default wait through before making their move. Life continues. Marriage. A house. Kids. Someone needs surgery, or is dealing with ongoing medical issues. Sometimes, you don’t have the benefit of waiting it out when it comes to having the negative impact of a defaulted student loan weighing on your credit score. Since I’m also a NACCC Certified Credit Counselor, in addition to being a private student loan expert, I’ve created and offer a comprehensive Credit Building Guide to each of my clients, post-settlement.
NACCC Certified Student Loan Counselor and NACC Certified Credit Counselor - CERTIFIED SINCE 2011.
Default and student loan impact on credit
Many of those I work with are looking for clarification on how not making student loan payments, and allowing an account to go into default or delinquency, will impact their credit score – both in the short and long term.
In the short term, your score will drop significantly. Although past negative marks will remain for a period of seven years, they do not negatively impact your score for that long (this is a common misconception). By settling out a defaulted private loan and following my credit building advice, many clients are back into a good score range within 1-2 years after settlement, at most. Negatives have less of an impact after 2 years, and building new positive payment history is key to rebuilding good credit after settlement.
An unresolved student loan default will not magically disappear – and for private loans, we see this all too often resulting in surprise lawsuits when defaulted accounts are ignored (especially higher balances).
Request a no-obligation, cost-free consultation with me, Certified Student Loan Counselor Andrew Weber. I’m here to listen, and ready to utilize my established industry relationships so you don’t have to battle it out with debt collectors and try to figure out the complex nature of private loan debt negotiation on the fly.
About Andrew Weber
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