Since the economy took it's major nose dive a few years ago, not only were there record amounts of debt problems in general, but the Student Debt Rate was the highest ever seen.
Even worse is that since the debt laws have been changed by governments to give creditors even more power, so they can decrease the amount of time and increase the probability of collect the debts.
This stands to reason since the dreaded Credit Crunch left everyone scrambling to try and collect money from everyone else, before they last their job, and everything else.
However, the main reason is believed to be that since the Governments are in the worst shape of all with being Trillions and trillions of dollars in the hole; it's assumed they want to increase their own probability of being paid the loads of owed money.
Of course, the Students who owed for Student Loans never had it easy in the first place, or for many years now.
Unfortunately, it has only gotten worse. Generally speaking, Student Loan Debt is NEVER given any consideration, has no time limit, and MUST always be paid. As rough as that sounds, it's gotten even tougher the past two years.
So how could it get tougher that what was just explained?
Well, mainly it's the time factor and collectability. They used to be at least more lenient in pursuing the debt, yet never forgetting about it.
These days, they push very hard through collection agencies, who are even granted the power to process wage garnishees, etc.
As bad as the facts are about all the Student Debts, there ARE things you can do to alleviate some of this to make things better.
That is what we will discuss in certain areas of this site and provide a Free Debt Relief Calculator From http://www.studentdebtsrelief.com
We hope this information can be of value to those who need it.
Tags: debt relief calculator, calculator, student debt relief
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