Paychecks & Balances – Episode 100

Today’s episode is about taking control of your debt. Having a lot of debt can feel crippling at times, but there are a ton of resources out there to help regain control of your life’s finances. Today on the Podcast Rich and Marcus interview Leslie Tayne. Leslie founded The Tayne Law Group in 2001 and since then her firm has helped thousands of people resolve their debts for a fraction of their original amount. They specialize in Credit Card Debt Relief, Student Loan Debt Help and Business Debt Relief. Tayne Law will help tailor a plan that works with your budget and financial situation.

 Highlights:

• Before trying to refinance your student loans. You need to determine whether your have Private Loans or Federal Loans. Federal Loans provide many more repayment options.
• Refinance Fee’s should be made very clear in a loan disclosure document. This document shows you how much you’re borrowing, what the interest rate is, what your payments will be and how you can get help if needed. If this information is unavailable it’s highly suggested you stay away from borrowing from that lender.
• It might be in your best interest to hire a professional to help you through getting and paying back a loan.
• Financial Aid offices are only as helpful as the person on the phone/behind the counter wants to be or is allowed to be. Often times they don’t or aren’t able to help you with your student loan questions.
• Credibility is key when dealing with a lot of Credit or Debt relief companies. In some states these companies require licenses given out by the government. If you’re in a state that doesn’t require licensing, make sure you do your research and never pay money up front.
• Bankrupting student loans is not an option.
• Don’t fall victim to debt collection intimidation tactics. Contact a professional to help on your behave.

The Takeaway: It will cost you a little money to hire a professional debt relief company. However, they will handle the situation correctly and often end up saving you money, time and stress.

Paychecks & Balances

Website:

https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: @paybalances

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: @paybalances

 

Fincon 2018

https://www.eventbrite.com/e/fincon18-where-money-media-meet-registration-38632553006?aff=fincon18&afu=180887706058

Leslie Tayne:

Website:

https://attorney-newyork.com/

Facebook: 

https://www.facebook.com/TayneLawGroup/

Leslie's Book - Life & Debt: A Fresh Approach to Achieving Financial Wellness

https://www.amazon.com/Life-Debt-Approach-Achieving-Financial-ebook/dp/B00SVKUP1A