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Private student loans are loans made by financial organizations and are usually used as a way to supplement or replace federal student loans such as Stafford loans, Perkins loans and PLUS loans. Usually these loans are unsecured (meaning there is no collateral of equal value to the loan backing up the loan). In addition, the student applying for the loan usually doesn't have a credit history yet to help the financial lender assess risk. Therefore, the interest rates on these loans can be quite high and be quite varied depending on the lender. When defaulting on a private loan many things can happen which include: Poor Credit, Calls from Collection Agencies, HIGH Interest Payments and potential litigation.

If you are in default on a private student loan call us today and let one of our student loan advisors help! Call us at (800) 515-7876.
Disclaimer: Defaulted Student Loan Solutions is a private company and does not claim to be affiliated with any Federal, State, or Local Government agencies. Defaulted Student Loan Solutions assists people to obtain a Federal Government Student Loan Consolidation by pre-qualifying, preparing and submitting required documentation on their behalf. People with student loan debt can also visit the Department of Education direct.ed.gov website directly and apply for Student Loan Consolidation FREE of charge.
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