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"Credit Boost Chronicles"
Welcome to ANOTHER edition of Credit Boost Chronicles—your go-to source for game-changing strategies, fresh insights, and actionable tips designed to empower your financial journey! Today we want to discuss STUDENT LOANS!
Important Update: Student Loan Delinquency and What You Can Do
Since the end of the pandemic payment pause, millions of Americans have found themselves struggling to keep up with their student loan payments. Right now, about 4 million people are in delinquent status with their student loans—a number that continues to grow as the financial landscape shifts.
This has been catastrophic, dropping the Nations National Average Credit Score!
But it’s not just the missed payments that are causing concern. The federal government has become much more aggressive in collecting on these overdue balances. They are now garnishing wages STARTING MAY 5TH from borrowers who have fallen behind. These actions can have a serious impact on your financial well-being.
Public Service Announcement:
If you or someone you know is facing student loan collections, it’s important to remember that there are options available to help you get back on track. One of the most effective solutions is student loan rehabilitation.
This program allows you to set up a payment plan based on your income, making it more manageable to start paying again. After making nine on-time payments, your loan can be brought back into good standing, and the collections process will stop AND YOUR REPORT WILL BE CLEAR OF THE BAD REMARKS!
Please share this information with anyone you care about who might be in this situation. Taking action now can help prevent further financial hardship.
And remember, if you or anyone you know needs help repairing or restoring their credit, we’re here to assist. Don’t hesitate to reach out for support.
Best regards,
Your team @Micah Abigail!
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