Loan Forgiveness

Written By Aaron Sarentino
Dec 12, 2022
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Loan forgiveness is a type of debt relief program that allows you to have some or all of your student loans forgiven based on your employment, income level, and other qualification criteria. Loan forgiveness is typically offered only through government programs, such as the Public Service Loan Forgiveness Program, which offers loan repayment for qualifying individuals who work for the public sector or in nonprofit organizations. Additionally, private lenders may offer some benefits to their customers, such as the option to make interest-only payments while enrolled in school. However, most student loan borrowers will not qualify for these benefits and will instead experience high levels of debt due to steep repayment terms and interest rates. If you’re struggling with student loan debt or want more information about how much help may be available to you, speak with a financial advisor or contact your student loan lender.

Loan forgiveness is designed to assist individuals in managing the high cost of education by providing relief from some or all of their student loan debt. Eligibility requirements vary depending on the program, but may include factors such as employment type and income level. Loan forgiveness programs are typically offered through government agencies and nonprofit organizations, although private lenders may also offer certain benefits to their customers. However, few borrowers will qualify for these programs and most will instead be saddled with high levels of debt due to steep interest rates and repayment terms. If you’re struggling with student loans or want more information about what options might be available to you, speak with an Americor professional, financial advisor, or your student loan lender to learn more about potential opportunities and the associated eligibility requirements.​


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Americor provides debt solutions to thousands individuals and families all over the country. We’re a next-generation debt relief company with a proprietary platform designed to help clients get out of debt quickly. Together we’ll develop a strategy for you to enjoy a debt free lifestyle. Learn more about how Americor can help relieve the burdens of debt today.

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We provide debt resolution services. Our clients who make all monthly program payments save approximately 40 – 50% of their enrolled debt (average of 43%) upon successful program completion, before program fees. Fees are based on a percentage of your enrolled debt at the time of starting the program and range from 15%-25% of your enrolled debt. Programs range from 20-48 months. Clients must save at least 25% of each debt due to an enrolled creditor before a bona fide settlement offer will be made. On average, clients receive their first settlement within 4-7 months of enrollment and approximately every 3-6 months thereafter from when the prior debt was settled. Not all Clients complete the program. Estimates are based on prior results and may not match your results. We cannot guarantee that your debts will be resolved for a specific amount or percentage or within a specific timeframe. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting, legal advice or credit repair services. Our program is not available in all states; fees may vary by state. Some programs may be offered through The Law Firm of Higbee & Associates d/b/a Advantage Law. The use of debt resolution services will likely adversely affect your credit. You may be subject to collections or lawsuits by creditors or collectors. Your outstanding debt may increase from the accrual of fees and interest. Any amount of debt forgiven by your creditors may be subject to income tax. Clients may withdraw from the program at any time without penalty and receive all funds from their dedicated account, other than funds earned by the company or fees paid to third-party service providers, as may be applicable. Read and understand all program materials prior to enrolling. Certain types of debts are not eligible for enrollment. Some creditors are not eligible for enrollment because they do not negotiate with debt relief companies. To determine the offers you may be eligible for, Americor conducts a “soft credit pull.” This credit pull does not impact your credit score, creditworthiness, or ability to obtain credit from other sources. The soft pull is not a tradeline entry, it does not report against your score and will only take a few minutes.

Americor Funding, LLC (18200 Von Karman Ave, 6th Floor Irvine, CA 92612) is fully accredited by the Better Business Bureau (BBB), the American Fair Credit Council (AFCC), and the International Association of Professional Debt Arbitrators (IAPDA). CA Department of Financial Protection and Innovation (DFPI) License # 603K913.

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