MyCreditCounselor.net Helps Struggling Private Student Loan Borrower Negotiate 30% Settlement With KeyBank

July 31, 2019 - /PressAdvantage/ - MyCreditCounselor.net, a professional private student loan negotiation company operated by a NACCC Certified Student Loan Counselor, has recently negotiated a 30% settlement for a private student loan borrower. Jenna Harner had $43,000 outstanding on her loan when the lender, KeyBank, increased the monthly payments to an unsustainable $1,000 a month, despite Jenna having never missed a previous payment. KeyBank then denied Jenna any option to lower the payments and insisted that the payments should be made to the new amount, despite there being no reasonable explanation for the increase, and after being informed that she simply could not afford them.

Feeling like she had no power over the situation, Jenna exhausted all of her communication options with the lender, only to be met with representatives informing her that there was nothing they could do to lower the payments and she would have to pay them or face default. After the loan defaulted, Jenna researched which steps she could take. Upon finding several informative articles by the owner of MyCreditCounselor.net (Andrew Weber), she promptly contacted him for advice.

Following discussions between Andrew Weber and Jenna about the unresolved and stressful situation with her private student loan lender, Andrew made it clear that he had previous experience with this lender and was confident he could arrange a reasonable settlement of the defaulted loan. He began intensive negotiations with KeyBank which resulted in a 30% settlement offer, which she took.

Claiming that the daily phone calls stopped immediately after agreeing to let Andrew take over negotiations on her behalf, Jenna was relieved that a resolution was found quickly and without any further stress.

She had this to say about her experience with KeyBank and MyCreditCounselor.net: "Mr. Weber kept me informed every step of the way while negotiating. The process went very quickly and Andrew Weber was able to negotiate a 30% settlement with the bank."

She continued: "The stress of defaulting was making me sick. As soon as I saw the letter from the bank agreeing to Mr. Weber's negotiated amount it was as if a great weight was lifted off of me. I felt the negotiation charge for the service was well worth it. I never thought I would be out from under this student loan debt. Without Andrew Weber's help, I would still be struggling under the mental stress of the situation as well as the financial stress. I could not have asked for a better outcome."

Andrew Weber is proud to have been able to, yet again, guide another borrower through the arduous process of private student loan settlement. Speaking about the negotiation, he said: "This was one of the best settlements I’ve negotiated this year. We put in place a specific custom strategy to achieve the best outcome with this lender."

In the private student loan world, two of the largest private lenders are Navient and Sallie Mae. For those wishing to find out more about loan forgiveness, and in particular Sallie Mae and Navient student loan forgiveness can read a very helpful blog article here.

For those wishing to contact Andrew Weber, he can be reached through the Mycreditcounselor.net Facebook page as well as his website, www.mycreditcounselor.net.

###

For more information about MyCreditCounselor.net, contact the company here:

MyCreditCounselor.net
Andrew Weber
937-503-4680
andrew@mycreditcounselor.net
P.O. Box 433 Athens, Ohio 45701

ReleaseID: 60029894

More News From Walk To The Place

Trump scraps plan to host G-7 at his Doral golf resort

Oct 20, 2019

WASHINGTON — Responding to stinging criticism, President Donald Trump has abruptly reversed his plan to hold the next year's Group of Seven world leaders' meeting at his Doral golf resort in Florida. "I think he knows," his acting chief of staff said Sunday, "people think it looks lousy." Trump announced a rare backtrack Saturday night after facing accusations that he was using the presidency to enrich himself by hosting the international summit at the private resort owned by his family. "Based on both Media & Democrat Crazed and Irrational Hostility, we will no longer consider Trump National Doral, Miami, as...

Barrett falls vs Duke teammate Reddish, and Zion is next

Oct 20, 2019

NEW YORK — RJ Barrett kept misfiring, a rough start to his college reunion week at Madison Square Garden. Barrett did plenty of things well but not shooting, going 4 for 14 on Wednesday night in the New York Knicks' 100-96 loss to the Atlanta Hawks. Old teammate Cam Reddish left with a victory, but Barrett gets another chance for bragging rights among Duke rookies Friday, when Zion Williamson comes to town. Williamson, Barrett and Reddish were freshmen at Duke last season who went on to become top-10 NBA draft picks. Barrett, the No. 3 pick, and Reddish, taken 10th,...

Impeachment dominates, but much other work awaits Congress

Oct 20, 2019

WASHINGTON — Impeachment may have leapfrogged to the top of the national agenda, but members of Congress still have their day jobs as legislators, and they're returning to work this week with mixed hopes of success. It's a difficult-to-predict time when it comes to possible deals between President Donald Trump and House Speaker Nancy Pelosi, who's kicked off the impeachment inquiry. An important trade agreement has a pulse. An effort to deal with prescription drug prices seems stuck. Divided government has produced scant results thus far, except for a small-scale budget deal that lawmakers are struggling to put in place....

Long a New Mexico icon, Spanish conquistador faces attacks

Oct 20, 2019

ALBUQUERQUE, N.M. — The Spanish conquistador, a New Mexico icon that has long been celebrated in art and honored at festivals as a homage to Hispanic heritage, is under attack. A new generation of Native American and Latino activists in the state is demanding that conquistador images and reenactments be removed from schools, seals and celebrations. They say the figure's connection to colonialism and indigenous genocide makes the conquistador outdated. Elena Ortiz of the Native American advocacy group Red Nation says activists want the conquistador expunged from public spaces to revise the region's narrative about itself. She says the conquistador...

The Latest: Officials: Be kind to PG&E workers amid shut-off

Oct 20, 2019

SAN FRANCISCO — The Latest on power outages in California (all times local): 4:15 p.m. Authorities are asking the public to be kind to frontline utility workers in California as anger mounts against Pacific Gas and Electric over a power shutdown. PG&E is cutting power to customers in 34 counties as dry, gusty winds create dangerous wildfires conditions. The utility's faulty equipment was to blame for a deadly fire a year ago that killed 85 people and nearly wiped out the town of Paradise. Sacramento's KCRA-TV says the California Highway Patrol is investigating an incident Tuesday in Colusa County in...

Sign up now!

About Us

Walk To The Place offers travel news of popular destinations for travelers with the urge to explore these places.

Contact us: sales[at]walktotheplace.com

Subscribe Now!