Sep 25, 2018
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