Leslie Tayne, 48, remembers being in her early 20s and unable to pay her private and federal student loans from law school. Her first job out of law school only paid $28,000 a year, and she was unable to afford both her minimum loan payments and her basic living expenses each month.
Tayne put her federal loans into forbearance for as long as she could. But there was no option to defer payments on her private loans, and they went into delinquency.The private loanlender ended up suing Tayne for nonpayment.
As a result, her credit score was damaged and her unpaid debt continued to accumulate interest.
Today, Tayne runs her own debt relief law firm, Tayne Law Group, and she has a nearly perfect credit score of 842 from Equifax using the F…
Read the full article at: https://www.cnbc.com/select/debt-relief-advice/
