Permanent Disability Discharge
Another option to eliminate student loan debt is with a permanent disability discharge. This program is less costly than a bankruptcy, doesn’t require making your financial situation public, and lacks many negative credit repercussions.
- When you think of someone with a permanent disability, what picture comes into your mind?
- For most people, it is someone in a wheelchair.
- But that is a myth, because most people in wheelchairs can and do work.
However, the truth is, most permanent disabilities are invisible. There are many kinds of conditions that might make someone have a permanent disability. But you can’t discharge of your student loan debts due to a disability if you can do any type of work.Â
I will explain how to prevent your student loan debt from exploding. However, if it is too late to stop that, I will find options to repay your student loan debt at the lowest possible cost.
In summary, to seek financial advice from a debt collector or anybody you owe is foolish. Your best interests and the lender’s best interests are always in conflict. Even a friendly and pleasant customer service representative will be promoting their employer’s objectives, not yours.