On February 15th, 2016, Houston’s Fox 26 News reported the U.S. Marshals Service in Houston is, in fact, arresting people for not paying their outstanding federal student loans. The news outlet told the story of Paul Aker, a Houston resident who stated he was arrested for non-payment of a 29-year-old school loan he received in 1987. Congressman Gene Green said that the federal government is now using private debt collectors to pursue those who fail to repay their loans, and those collectors are obtaining judgments against debtors and asking judges to send the U.S. Marshals Service to arrest them. —
It is with this dilemma in mind that Loan Informer is introducing their new tip guide to help people avoid these harrowing scenarios. LoanInformer.com is quickly becoming a go-to resource for news and information that will help consumers get out of debt and get back on track with their Student Loans. The tip guide includes five suggestions that will help them do just that.
Jessica Baker, a representative of Loan Informer, stated “Consumers who owe federal loans can no longer bury their heads in the sand or run from their debt problem. The federal government wants their money back, and they are taking drastic measures to get it. At Loan Informer, we see it as our mission to help people avoid this kind of trouble. We know that the prospect of getting arrested can be downright scary to just about anyone, but following some simple tips can keep consumers from having to face a situation like that.”
Loan Informer suggests that the first thing people do is to be proactive. Don’t just wait around for the Marshals to show up – do something to take back control. One of the best ways to do that is to first get accurate Loan Information about their debts and educate themselves on which ones could possibly have severe consequences for non-payment. Then, be sure to communicate with creditors, explaining the current financial situation and updating them when things change. The site also warns consumers to avoid debt management and debt negotiation scams that take their money and do nothing to really help them. Finally, Loan Informer suggests that consumers consider taking a credit counseling to help steer their financial situation in the right direction.
“No one wants to have to face the possibility of having the U.S. Marshals come to their home and arrest them. By following our tips, we hope to help people get back in the good graces of the federal government and back on track with their finances.”
About Loan Informer:
LoanInformer.com is focused on helping people lead better lives through financial education that empowers them to take control of their personal finances. The site offers insightful information and education about various types of loans to help consumers fight back, including credit cards as well as personal, business, and student loans.
Release ID: 105600