There is currently a record number of Americans facing heavy student debt burdens. Due, in part, to the recent downturn in the economy, more people turned to getting an education as a means of securing future employment. What many of those individuals didn’t realize was that they would be leaving their post-secondary institution with more than just an education. With the increasing demand for education, tuition rates rose, as did the interest rates of lenders. Due to exorbitant interest rates and the challenges of finding employment, graduates are finding it impossible to get started in their chosen industry and face bleak financial futures. Luckily, companies such as SL Account Management have emerged to answer the need for financial assistance.
Why SL Account Management?
While there are numerous debt-assistance companies in the industry to choose from, not all are created equal. SL Account Management is not affiliated with any government agency, Department of Education, or loan servicer. The SL Account Management team specializes in federal student loan documents processing and preparation. The SL team has built up a solid reputation for positive advocacy and debt assistance. They work for their clients and their clients alone.
One of the main roles of the SL team is to ensure that each and every client is aware of and has applied correctly for any debt-relief assistance programs or resources available to them. Many borrowers are unaware of the options available to them, and the SL team will not only advocate for their clients, but are aware of which programs they might be eligible for. Even consolidation options and debt forgiveness are areas that many borrowers can benefit from once they understand the concept and how it can help them.
Documents Preparation and Processing
No one likes paperwork, and when it comes to debt and applying for assistance programs, paperwork is a huge aspect of that. SL Account Management specializes in document processing and preparation so that their clients are applying for eligible programs in the manner and timeframe that the application process demands. With the SL team taking over the documents processing and preparation, clients are guaranteed to be filing and filling out those documents as they are required to. This takes a lot of stress from their clients as they no longer have to worry about doing everything right and on time. This also takes a lot of guesswork out of the process as the debt specialists take over the bulk of the application process.
One of the first services performed by the SL Account Management team is the initial financial consultation. Your SL representative will conduct a one-on-one financial analysis to fully understand your debt, your repayment options, and your future financial goals. Your debt specialist will empower you with information to help you understand your current situation, your rights, and help you work towards your future goals with a repayment plan or schedule that is sustainable and manageable. The goal of the financial consultation is not just to help each and every client with their current financial situation; it is also to help guide them in forming a financial strategy that will produce better results for the future and help them reach their financial goals.
If you are struggling with student debt, you are not alone. From trying to make multiple payments to dealing with exorbitant interest rates, paying down a student loan can seem like an insurmountable challenge. Fortunately, companies like SL Account Management have responded to the growing need for debt assistance in a positive way that puts the power back in the hands of the borrowers.