Florida Law Firm Deciphers the Maze of Student Loan Debt Options
Lanigan & Lanigan, P.L., helps erase confusion, frustration with student loan debt relief.
Thursday, January 2, 2013 -- Winter Park, Florida – Set a meeting with Lanigan and Lanigan to identify a plan of attack to eliminate, reduce, or have a student loan debt forgiven in the new year.
Attorneys Eric Lanigan leads an educational website video series on student loan debt relief to clearly explain what options are available with the viable outcomes.
“Everything begins with the type of loan a person holds,” Eric Lanigan said. “If you don’t know whether it’s federal or private that’s fine. But if you know that you’re in default and you’re not doing anything to change that, you have a serious problem.
Default Eliminates Options
“The longer that you wait, the fewer options you will have. Get into an attorney’s office and determine a plan of action before the possibilities disappear.”
Visit the Lanigan and Lanigan YouTube channel holds the video series which includes the following topics:
Law firm Lanigan and Lanigan, P.L., a business and civil, real estate, and financial legal practice offers the online video series to educate those who are struggling to manage, handle or pay student loan debt.
High student loan debt is a common factor in bankruptcy and foreclosure cases, an issue noted regularly by the Lanigans since cases started rolling in regularly since 2007.
Lanigan and Lanigan created processes for demystifying student loan debt relief. Loan repayment, forgiveness, deferment or other options begins with loan payment status. Have payments been made on time and the type of loan determine options.
Eric Lanigan researched student loan debt regulations and the options for clients asking to reduce student loan payments to be proportionate to income. Clients came to the Lanigan and Lanigan offices because they believed that student loan debt could be forgiven or folded into bankruptcy. One thing was clear.
“Your options and possible forms of relief disappear with default,” Eric Lanigan said. “If you’ve gone into default, you’ll have different and fewer options,” Lanigan said.
“But that doesn’t mean that you won’t be able to decrease the amount of overall debt.”
Eric and Roddy Lanigan use their experience negotiating lower mortgage loans for homeowners to negotiate with student loan lenders.
“We discovered that lenders would rather provide financial relief to a homeowner, and to receive some revenue, than not negotiate and lose an entire loan to foreclosure."
Lanigan explained that student loan lenders differ greatly from mortgage loan lenders, but negotiating and finding debtor loan options takes investigation and careful documentation.
There are many options available to debtors if the loan has not gone into default. But not every debtor qualifies. Confused? Call 407-740-7379 to consult with Eric Lanigan and Roddy Lanigan of Lanigan and Lanigan in Winter Park, Florida.