As I’ve said in other articles, Ameritech Financial has proven to be a trustworthy company that I have personally inspected and found to be legitimate in their service offerings – but these examples below show the opposite end of the spectrum.
I want you to check out these stories, and really pay attention to what's going on here.
Check out these stories: Needless to say, student loan debt consolidation is high on borrower's minds, and there is definitely a right way and a wrong way to go about doing it. Remember, scammers (and even sometimes legitimate companies) take advantage of people when they are struggling the most.
Once the accounts are transferred, they are considered closed with a zero balance; however, they remain in your credit report to show a complete history of the debt. Consolidation provides grads with the ability to combine their student loans into one megaloan, but it comes with drawbacks. Along with gaining a new degree, many graduates will also leave campus with new student loan payments they'll have to fit into their post-graduate budgets.As long as they are correctly reported as closed, they are a complete and accurate part of your history.Your credit report shows a history of all your accounts, even after they are paid off or closed.