How To - Default Student Loan Consolidation

Before we talk about defaulted student loan consolidation it must be realized a student loan default is really no different than any other loan default.

This is fast becoming a financial atrocity in the United States and other parts of the world as figures are showing in excess of 30% of students have been in or are currently in default.

These loans in a lot of cases are accumulating interest at a frightening rate and lots have run past the $100,000.00 with people's lives being destroyed and until now no chance of getting out of this position.

For most of these run away loans default student loan consolidation is not an option as the sum has become so large that there is no possible chance of securing consolidation so a different strategy has to be implemented.

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Another misconception with defaulted student loan consolidation is that once someone realizes they are in trouble and unable to consolidate their loan the think they should declare themselves bankrupt. This is not a solution and not necessary as there are much better options.

There also some known processes to be able negotiate outstanding loans down by 40% or more, have 30, 60, 90, 120, and 150 day late payment reports removed from your file almost overnight. You can also get harmful inquiries removed in days instead of months.

Default student loan consolidation is an option in some cases however if your situation doesn't allow a consolidation there certainly are some other option. The key here is to do something and not just let the situation escalate by doing nothing. If you follow some proven principles and take action you can certainly turn thing around.

If you proceed with default student loan consolidation or you choose some other action you also need to consider your money management in the future or it won't be long and you can be back in the same situation again. There are some great easy to follow money management programs to assist your financial future. The key here is it is your future; you are in control of the out come so let's get our house in order.

With 30% of students in the United States now having their loans in default, action needs to be taken. Default Student Loan Consolidation is an option in some cases however if your not able to consolidate your loan or don't feel you should have to we have the answer for you.