While I'm a man who's been known to state the obvious more than once, I'd like to reiterate that paying off student loans can be a task. The payments that are made monthly can be quite high, especially for new graduates who haven't been able to acquire a high-paying job yet. To say that it's a chore to pay off these loans would be an understatement. That being said, though, should the debt collection agency hired to collect the debts be to blame? Perhaps not entirely since I know all too well just how irresponsible some college students can be.
A debt collection agency will be employed during the situations with the highest of stakes imaginable. When funds aren't paid for on time, collection agencies will be brought in but the good ones like Rapid Recovery aren't in the business to hurt others. Despite what people may read in the news, most agencies such as this desire a peaceful resolution for every case they acquire. It's hard to excuse the attitude of students, though, and many of them simply don't want to take up responsibility when they have to.
I attended classes with someone who didn't believe that paying off student loans was a reality after attaining his degree. I knew that student loan payments were expected of me and I've been paying them off with success so far. My friend didn't share my mindset, sadly, and he was absolutely taken aback by the billing statement he received. Instead of working to pay it off, though, he ignored it to the point of where funds piled on too greatly. That's when the phone calls came.
Most student loan payment companies will offer alternative forms of payment if transferring money from checking or savings accounts isn't possible. For example, I use Nelnet in order to pay off my loans every month and if I weren't able to make the payment required for every month, I would be given an alternative. Payments can be lowered or postponed to certain degrees so that making the deadline is a simpler task. With alternatives such as these, simply ignoring those who request payment is the worst choice to make.
I can't say that I fully back debt collection agencies because not every single one is going to be raring to help people. Students are not entirely innocent, either, since they are fickle by nature. They will change their mindset if it benefits them and they will not think highly of paying off a fee so substantial. A few hundred dollars every month is outrageous, but it remains a responsibility on the part of the student. The debtor and collector can come to a calm resolution, however, if they decide to work together.
A debt collection agency will be employed during the situations with the highest of stakes imaginable. When funds aren't paid for on time, collection agencies will be brought in but the good ones like Rapid Recovery aren't in the business to hurt others. Despite what people may read in the news, most agencies such as this desire a peaceful resolution for every case they acquire. It's hard to excuse the attitude of students, though, and many of them simply don't want to take up responsibility when they have to.
I attended classes with someone who didn't believe that paying off student loans was a reality after attaining his degree. I knew that student loan payments were expected of me and I've been paying them off with success so far. My friend didn't share my mindset, sadly, and he was absolutely taken aback by the billing statement he received. Instead of working to pay it off, though, he ignored it to the point of where funds piled on too greatly. That's when the phone calls came.
Most student loan payment companies will offer alternative forms of payment if transferring money from checking or savings accounts isn't possible. For example, I use Nelnet in order to pay off my loans every month and if I weren't able to make the payment required for every month, I would be given an alternative. Payments can be lowered or postponed to certain degrees so that making the deadline is a simpler task. With alternatives such as these, simply ignoring those who request payment is the worst choice to make.
I can't say that I fully back debt collection agencies because not every single one is going to be raring to help people. Students are not entirely innocent, either, since they are fickle by nature. They will change their mindset if it benefits them and they will not think highly of paying off a fee so substantial. A few hundred dollars every month is outrageous, but it remains a responsibility on the part of the student. The debtor and collector can come to a calm resolution, however, if they decide to work together.
About the Author:
Click here today if you are looking for a full service debt collections agency that can collect your funds for you!. Free reprint available from: Is the Debt Collection Agency The Problem?.
0 comments:
Post a Comment