The page says Sallie Mae private student loan borrowers struggling with payments may find it challenging to avoid delinquency or default, and missed payments can lead to serious financial situations.
Yrefy, LLC is a student loan lender specializing in refinancing distressed and defaulted private student loans. It negotiates with original lenders and agencies to help borrowers refinance, and says borrowers reduce monthly payments by 50% on average.
The company’s mission is to provide relief to borrowers and co-borrowers with defaulted private student loans and offer accredited investors an investment opportunity.
Yrefy is a specialty lender focused on delinquent and defaulted private student loans. Some of the latest student loan news about Yrefy, including press releases, can be found here.
The page says Yrefy and ELFI both offer student loan refinancing but serve different borrower types and have different eligibility requirements. Choosing a lender depends on a borrower’s financial situation, credit history, and loan types.