According to the New York Federal Reserve, student loan debt has risen by over 300% in the last 8 years. It’s something that affects millions of Americans and can become rampant and uncontrollable.
Private student loans have high interest rates and lenders, creditors, and banks are aggressive and want to collect their money. They’ll sue you, garnish your wages, freeze your bank accounts, and do all they can do to get their money from you.
In our recent video, Michael Jaafar speaks on how you can handle private student loans that are spiraling out of control. It’s possible to lower your private student loan debt and lower your monthly payments by negotiating with creditors.