Long Beach Student Loan Debt Lawyers
Student loans are a primary means for many people to pay for higher education. However, these debts can add up quickly and often prove difficult to pay. Defaulting on monthly payments can cause major damage to your credit rating and may lead to lawsuits and other legal actions. At Wadhwani & Shanfeld, we help you find a solution to this type of pressing financial problem.
Our legal team has extensive experience helping people either renegotiate student loan payments or eliminate these debts completely. With over 25,000 satisfied clients and an A+ rating from the Better Business Bureau, you can count on us to protect your rights and help you regain your financial footing. To discuss your options, contact our experienced Long Beach student loan debt lawyers today.
Our Long Beach Student Loan Debt Attorneys Have Over 75 Years of Combined Experience
Student loans help provide a college education to those who would not otherwise be able to afford it. Unfortunately, with increasing costs, the total amount needed to obtain a degree can quickly add up. According to the Education Data Initiative, the average amount of student loan debt is estimated at close to $40,000.
Post graduation, you may find yourself struggling to repay these debts. Unfortunately, defaulting on payments can result in the following:
- Higher interest rates and penalties fees, making it even harder to pay off student loan debt;
- Damage to your credit rating, impacting your ability to obtain other types of financing;
- Debt collection lawsuits, resulting in the seizure of tax refunds or other assets, property liens, and potential wage garnishment.
To prevent these and other serious penalties, reach out to Wadhwani & Shanfeld. With over 75 years’ worth of combined experience, our Long Beach student loan debt attorneys can help you find a solution to your problem and protect your financial security.
We Find Solutions To Student Loan Debt Problems In Long Beach
If you are struggling in making student loan payments, it is important to act quickly. Government agencies and private lenders only allow a minimum amount of time to pass before taking legal action. At Wadhwani & Shanfeld, we work to find the quickest and best possible solution to your student loan debt problems.
Generally, student loan debts are exempt from bankruptcy. However, we may be able to have your payments reduced or your debts eliminated if we can prove you suffer an undue hardship. This may include:
- Having a low-paying job with no possibility of a salary increase;
- Having family obligations, such as caring for sick parents, that impact your income level or earning capacity;
- Suffering a long-term disability or other medical condition that prevents you from working.
Contact Wadhwani & Shanfeld To Request A Consultation
Student loan debts are among the most difficult to deal with. At Wadhwani & Shanfeld, we find solutions to help protect you against serious penalties associated with defaulting on payments. To get the trusted legal guidance you need, contact our Long Beach student loan attorneys and request a consultation today.