By [http://ezinearticles.com/?expert=Mary_Foster]Mary Foster
There is no end to the number of degrees you acquire in your life. After all life is a continuous learning process. However, the academic cost becomes expensive at the graduation, post graduation and other higher levels. Banks and financial institutions offer students education loans. However, it involves certain credit problems, they are:
1. It can negatively affect your credibility. The reporting and listing of default loans are done to national credit bureaus.
2. In case you are employed and are unable to pay your installments, there is a very possibility of you losing your job.
3. The loan that you take may or may not be in default but in either case it won�t relieve you in bankruptcy cases.
4. In case you require a permit to start your practice, it can be canceled or revoked.
5. It can also disqualify you from taking loan consolidation or financial help.
6. It can even negatively affect you income tax refunds.
7. The default can make you ineligible to obtain a car loan or credit car.
8. Defaulted loan case is transferred to collection agencies who charge attorney fees and collection fees. It further adds to your debt.
To make monthly installments more affordable, you can take Consolidation default loan student. Some of the benefits of taking this loan are:
1. fixed and low interest rates
2. easy installment process
3. no credit checks or application fees
4. flexible plans for paying installments as per a person�s financial needs
5. the payments can also be paid in advance, there are no fines for prepayment
6. a loan counselor clarifies all your doubts and makes the process to get loan easy and convenient
7. borrower benefits are provided, which lowers the interest rate
8. most importantly, monthly installments are lowered by as much as 45%
Mary Foster is a Financial Adviser with 10 years as an Accountant. She is the author of Consolidation Default Loan Student Weblog at: http://www.69designz.com Read her latest articles and recommendations to help find a debt free plan that works.
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