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FORBEARANCE LETTER
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SUBJECT:
[FIRST], this is [FROM] from DefaultPrevention.com
[FIRST], Per your request you will find attached a forbearance form.
Please complete and
fax back to me @ [FAX]
.
This form will bring your account current and allow you more time
before a payment is due.
If you have any questions, please contact me at my number below.
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DEFERMENT LETTER
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SUBJECT:
[FIRST], this is [FROM] from DefaultPrevention.com
[FIRST], Per your request you will find attached an Unemployment
Deferment Form to complete and fax back to me @ [FAX].
This form will bring your account current and allow more time before
a payment is due. If you have any questions, please contact me at one of
the numbers below.
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150-210 DELINQUENT LETTER
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SUBJECT:
[FIRST], this is [FROM] from DefaultPrevention.com
[FIRST], STOP!!
URGENT GOVERNMENT STUDENT
EXTREMELY DELINQUENT
[FIRST}, YOUR GOVERNMENT STUDENT LOAN IS VERY DELINQUENT.
Other attempts have been made to contact you concerning this delinquency,
if you continue to avoid these notices you will default. A defaulted Loan is
very serious and cannot be reversed. You may complete the attached Forbearance
form and fax back to me at [FAX], or you may contact your servicer:
[FIRST], I am NOT a collector I am here to assist you with your government
student loan to prevent it from defaulting.
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LAST EFFORT DEFAULT LETTER
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SUBJECT: [FIRST], Your loan is about to default
[FIRST], Your government student loan is just 5 days away from defaulting.
Once this happens, I will no longer be able to assist you, the government will
step in and take over. I have attached a
Forbearance Form
for you to complete
and fax back to me at [FAX]. This will bring your account current and allow more
time before a payment is due.
[FIRST], DO NOT DELAY on this matter, because a default student loan has very
serious consequences
.
If you have any questions, please contact me at one of the numbers below.
Consequences of a Defaulted Loan
1) Your loans will be turned over to a collection agency.
2) You will be liable for the costs associated with collecting your loan,
including court cost and attorney fees.
3) Your wages will be garnished.
4) Your state and federal
income tax refund will be intercepted
.
You will not receive a refund until your loan is paid in full, including all late fees.
5) Your credit record will be ruined for many years,
making it difficult to obtain an auto loan, mortgage, or credit cards.
A bad credit record can also harm your ability to get a job.
6) You will not be eligible for another government student loan.
7) You may not be able to renew a professional license you hold.
8) Your Social Security will be garnished.
If you have any questions, please contact me at one of the numbers below.
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STOP DEFAULT LETTER
=================
SUBJECT: [FIRST], YOUR LOAN IS ABOUT TO DEFAULT! I can help you!
[FIRST], I can help you! Your government student loan(s) you
received while attending [SCHOOLNAME] is
delinquent
and about to default
. To rectify this situation you
may apply for a Forbearance which will bring your account current and
allow more time before a payment is due.
The only way to prevent your loan from defaulting at this stage,
is for you to contact [BANKNAME] at [BANKPHONE]
and request a verbal Forbearance.
If you allow your loan to default, your wages will be garnished
and you will not receive a tax refund until the loan plus late fees
are paid in full. Also, if you are receiving any state aid
(unemployment), it may be affected. If you have any questions
please feel free to contact me at one of the numbers below, I am not a collector.
Defaulted Loan Consequences
1. Wages Garnished
2. NO TAX REFUND! Tax Refund will be intercepted by government
3. You will not be eligible for another student loan
4. You may not be able to renew professional license
5. Social Security will be garnished
6. May affect enlisting in the Armed Forces.
7. Credit record will be ruined for many, many years making it difficult to obtain a mortgage, auto loan, or credit card.
8. Your loans will be turned over to a collection agency.
9. You will be liable for the costs associated with collecting your loan, including court cost and attorney fees.
If you have any questions, please contact me at one of the numbers below.
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FRIENDLY REMINDER LETTER
=====================
[FIRST], I can help you! [FIRST], This is a friendly reminder that your government student loan is delinquent. Please call [BANKNAME] at [BANKPHONE] to solve this situation asap. [FIRST], I can help you on this free of charge so please contact me at one of the numbers below.
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Signature and CODE for Letters
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Email has been sent:
To: #emailTO#
From: #emailFROM#
Subject: #emailSUBJECTREPLACED#
Attachment:
DLForb.pdf & DLunemploymentdef.pdf
Body:
#ParagraphFormat(emailBODYREPLACED)#
contentid=”logo”
disposition=”inline”
/>
contentid=”signature”
disposition=”inline”
/>
#session.login.firstname# #session.login.lastname#
Student Loan Specialist
Phone: #session.login.phone#
Fax: #session.login.fax#
Toll Free: #session.login.tollfree#
Email: #session.login.faoemail#