My accounts are current, but my hours at work were recently cut. I was barely able to make the minimum payments before. Now it will be impossible. I was glad I was able to speak with My Decreasemypayments Counselor, and create a plan that will pay off my debt in a reasonable amount of time, instead of paying payments for 20 years.- Incredibly relieved!, Chre G. - Brookfield, MN
Decreasemypayments saved us without a doubt! We Just finished the program and much better off than where we started a few years ago! I would work with Decreasemypayments anytime! Thanks for saving us and allowing us to breathe again.- Thanks Decreasemypayments!, Brian A. - Richmond, VA
If you have Federal Student Loans you may qualify for any of the student loan forgiveness programs that are available to borrowers. Start today and enter into a loan forgiveness program and look forward to your financial freedom.
If you are suffering from a financial hardship, you may qualify for an Income Based Repayment. Income Based Repayments often result in a ZERO payment, and unlike a deferment the term on your loan is being diminished while in the zero payment.
Consolidating your federal student loans will give you one new loan with one payment, and into a repayment plan you can afford. Consolidating also puts you into the forgiveness programs and makes you eligible for Public Service Loan Forgiveness.
We know you have a lot of questions. Please review our Frequently Asked Questions below to get a better understanding of studen loan consolidation and if it is the right option for you.
Generally, you are eligible to consolidate after you graduate, leave school, or drop below half-time enrollment.
A Direct Consolidation Loan has a fixed interest rate for the life of the loan. The fixed rate is based on the weighted average of the interest rates on the loans being consolidated.
Repayment of a Direct Consolidation Loan can begin 60 days after the loan is dispursed, or sooner. Assent will notify you when your first payment is due.
If there's money leftover and you have credit card payments due before the plan gets underway, go ahead and pay the bills. If you're not able to pay the credit card payments due before the plan goes into effect, you may see late fees reflected on your next creditor statements.
Collection calls usually stop after the third consecutive payment. If you continue to receive collection calls after your creditor has posted three consecutive payments, please contact us by e-mail with the name of the creditor and the last four digits of the account number to allow us an opportunity to investigate.
Absolutely. Completing a budget can be a frustrating process. We will help you build a budget which will help you monitor your monthly expenses.