Huntington Beach, CA (PRWEB) February 22, 2013
On 02/21/2013, the Consumer Economic Protection Bureau (CFPB) announced that it is gathering data to develop possibilities for policymakers to make repayment of private student loans more manageable for struggling borrowers. The CFPB has found that private student loan borrowers who want to pay their loans, but face higher payments, lack alternative repayment and refinance possibilities.

Student Loan Lawyer, Christine A. Wilton has observed virtually no alternatives for private student loan borrowers and incredibly aggressive collection tactics employed by these creditors. “Numerous student loan borrowers are in very hard monetary circumstances and there is no way out,” says Christine A. Wilton. “The actions taken by the new bureau are the first step toward locating a resolution to this developing difficulty.”

Attorney Wilton supports the Bureau’s first methods in hunting for methods that private student loan borrowers can have far more flexible repayment options and is in search of input on a range of concerns connected to repayment affordability, such as: