Press Release (ePRNews.com) - ROHNERT PARK, Calif. - Feb 28, 2018 - A recent survey showed younger adults are using credit cards in much lower numbers than older generations. Many already have student debt and are hesitant to take on more debt in the form of a credit card and other forms of loans. While a healthy skepticism of any form of debt is good, student loans should not be the main factor holding individuals back from pursuing their financial goals. Ameritech Financial, a document preparation company which helps federal student loan borrowers apply for repayment plans, encourages a holistic approach to taking on new debt.
“It’s totally understandable that folks who are living with student debt are hesitant to take on anything else, and that’s probably not always a bad thing,” said Tom Knickerbocker, executive vice president of Ameritech Financial. “But we hope that people are not sidelining their dreams and goals because of their student debt.”
It’s encouraging that many young adults do not want to borrow money that is beyond their means. Those who are most comfortable with cash and can live a cash-only life are not in the wrong. But not every young person will have the cash reserves on hand to live like that and borrowing within a person’s means is possible. It’s likely for most individuals, even buying a modest car or purchasing a first home may simply require a loan.
We hope that people are not sidelining their dreams and goals because of their student debt.
Additionally, federal student loan borrowers have resources at their disposal to keep their student loans from spinning out of control. Ameritech Financial helps its customers identify and apply for income-driven repayment plans, which calculate a borrower’s monthly payment based on income and family size. This can lower borrowers’ monthly payments and give them more financial leeway to pursue goals other than student loan debt repayment.
“Not all debt is created equal and taking on any debt should be a carefully considered decision,” said Knickerbocker. “But federal student loan debt shouldn’t be a wall blocking someone’s financial milestones, whether those milestones concern new debt or not.”
About Ameritech Financial
Ameritech Financial is a private company located in Rohnert Park, California. Ameritech Financial has already helped thousands of consumers with financial analysis and student loan document preparation to apply for federal student loan repayment programs offered through the Department of Education.
Ameritech Financial is a member of the Association for Student Loan Relief (AFSLR), and each representative on the phone has received the Certified Student Loan Professional certification through the International Association of Professional Debt Arbitrators (IAPDA).
Ameritech Financial prides itself on its exceptional customer service.
To learn more about Ameritech Financial, please contact:
5789 State Farm Drive #265
Rohnert Park, CA 94928