We Are Here For You In Appleton 920-659-5606

We Are Here For You In Appleton 920-659-5606

Due to precautions related to COVID-19, we have expanded our options for remote consultations. Please contact our office to discuss whether a full phone consultation or video conference is appropriate for your situation.

Do Not Be Overwhelmed By Your Debts

Student Loans in Default

Upon graduation, most student loan borrowers are placed in a standard 10-year repayment plan. Reality quickly sets in that the high-paying job they thought would be waiting for them upon graduation in nowhere to be found. Immediately they realize that they will not be able to afford their student loan payments. Inaction is not an option at this point!

There are several repayment options available. Some are based upon the balance of the student loan while others are based on your income. One option you should not consider, however, is defaulting.

Defaulting Can Seriously Hurt You

Defaulting on your student loans is serious. Severe consequences can result from default. Immediately upon default, the entire loan balance is accelerated and the whole amount is due. Additionally, the Department of Education can take up to 15% of your disposable income through wage garnishment. The department can also intercept your tax refund and/or Social Security benefits.

Given the seriousness of the collection methods available to the Department of Education, you must avoid having your student loans reach default status. If your student loans are currently in default status, it is critical that you resolve the default as soon as possible.

Defaulting Is Not The End. We Can Help You.

If your loans are in default status or close to being declared in default, now is the time to contact Timothy J. Helbing to discuss your repayment options. Reach out to us online or call 920-659-5606 to get started.