Student loan problems have become an issue for many American families because in today’s educational environment, financial assistance is often seen as a necessity. At the time Student Loans are borrowed, it is assumed that funds will be available once repayment is required. But for many families, they are unable to start making those payments and are forced to watch their Student Loans become delinquent.

 

What most families don’t realize is that the United States Revenue Service is the eventual Collection Agent for delinquent federally guaranteed Student Loans and they have the ability to bypass the normal legal process involved in debt collection. For example, they are empowered to levy bank accounts, withhold tax refunds, place liens on real property and garnish wages all without due process in the courts.

 

Fortunately there is assistance available to prevent this from happening. Merrick Financial & Credit Services has been offering Student Loan Rehabilitation services for years by utilizing available legal remedies. The benefits of going through this program are the following:

• You can regain eligibility for additional financial aid if you return to school.

• Your wages and tax refunds will not be garnished.

• Your loan will no longer be due in full.

• You can regain access to unused deferment and forbearance time.

 

We urge you to contact us for a FREE assessment to see if you qualify to remove your delinquent loans from default status and into a manageable repayment arrangement.