Articles & News About Student Loans & School

JK Harris Saves California Man from Student Loan Default

North Charleston, S.C. (PRWEB) November 22, 2007 -- Danilo Linarte says he was at the lowest point of his life this past summer when he defaulted on his student loan.

"The financial hardship was overburdening my family to the point of separation and divorce," said Linarte. "I contacted JK Harris and Company and began to receive immediate results."

Mr. Linarte contracted with JK Harris to negotiate his Student Loan payments. He received a notice that he would be facing a 15% wage garnishment due to defaulting on his student loan to the tune of $15,000.

Linarte was already making payments on another student loan and his budget did not afford him the ability to make a down payment and the monthly payments the collection agency was demanding from him for the defaulted loan. Facing financial hardship, JK Harris set to work with Linarte's creditors to negotiate a repayment plan.

Once Linarte's Case Specialist got the case, JKH got the loan Linarte defaulted on consolidated with the student loan he was already making payments on. It usually takes 10 days for a decision on a consolidation, but the JK Harris was able to get the wait period waived so that the matter could be expedited.

But a few days later, Linarte hit another wall when the loan company said it could not consolidate the two loans due to the wage garnishment reported by the collection agency. Unwilling to give up, JK Harris' Student Loan team kept working for Linarte and found that the collection agency had sent its letters to the wrong address, which explained why Linarte had never received them. The loans were consolidated and a payment plan with a reasonable interest rate was put in place.

"There is no doubt in my mind that without the assistance of JK Harris Services, I would have ruined my marriage," said Linarte. "They compromised with my creditors and got me the best resolution. I can't thank J.K. Harris enough for putting my financial life back on track!"

About JK Harris:

JK Harris & Company, LLC, (www.jkharris.com) based in North Charleston, S.C., is the nation's largest tax resolution firm and has served over 200,000 customers since its founding in 1997 by John K. Harris. JK Harris consultants are available to meet with consumers in over 425 locations nationwide by appointment only. The company also provides services for student loan debt, investment fraud, fee-based financial planning, tax return preparation, and audit representation.

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