Chris Bush

Chris Bush

With over 12 years of experience and thousands of cases as a consumer bankruptcy attorney, Chris Bush is on the cutting edge of Bankruptcy and Student Loan Law. Chris can assist you in untangling the options to find the best solution for your specific debt relief case.

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Student Loan Refinance

Borrowers regularly refinance mortgages and other loans whenever interest rates drop. So why maybe not student loans?
Refinancing options for student-loan financial obligation have actually been hard to come by, but a handful of promising advancements are providing borrowers better possibilities of climbing off from under the $1 trillion owed by former pupils for their university costs.

President Obama vowed to expand a program limiting repayment of federal student loans to 10% of a borrower’s earnings, and the U.S. Senate is thinking about a costs that would give more security to students whom use private loans.

“We want more youthful people becoming instructors and nurses and social workers,” Obama said Monday while announcing the expansion of the Pay As You Earn system. “We want youthful individuals to be in a position to go after their dreams. And we want more young people who act responsibly to be in a position to manage their financial obligation over time.”

But some in the private sector are stepping up as well.

While it's nevertheless hard to refinance through huge banking institutions, a handful of newer, much more innovative startups have actually figured out a method to make life easier for student borrowers while still making a revenue for on their own.

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Student Loan Relief

Debt among pupils features reached astonishing levels in current many years. While a great deal of a young person’s debt is in the form of pupil loans, youthful adults are also plagued by car loans, mortgages and overwhelming amounts of credit card debt.

Credit card financial obligation is quickest growing among youthful grownups aged 18 to 24. From 1982 to 2011, credit card debt among this demographic more than doubled. In the same time frame, credit card financial obligation among 25- to 34-year-olds increased more than 50 percent.

And studies show that debt just increases from here. The best method to curb debt later in life is to find out debt management methods early. Debt decrease strategies like debt settlement can assist you spend down outstanding debts now so you can live debt-free later on.

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Consolidate Credit Card Debt

If you are reading this, it’s safe to state you have actually at minimum one credit card. It may be your first card and you’re trying to begin on the right base, or you may possibly have had credit cards for many years and are trying to reduce your debt. No matter where you are in your financial life, you can improve your standing by using note of a couple of easy tips.

If you’re in great standing with your creditors, remain on solid ground by paying on time and making more than the minimum payment. If you’ve already fallen behind or can’t pay your bills, you can take action to remedy the situation by calling creditors, undergoing credit guidance or making use of debt decrease techniques.

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Debt Consolidation Loan

Myth: financial obligation consolidation saves interest, and you've got one smaller repayment.
Truth: Debt combination is dangerous because you treat just the symptom.

Debt combination is absolutely nothing more than a "con" because you believe you've done something about the debt issue. The financial obligation is nevertheless there, because are the practices that caused it – you simply moved it! You can't borrow your method out of financial obligation. You can't get out of a gap by searching off the base. Real debt assistance is not fast or easy.

Larry Burkett, noted economic writer, states debt is not the problem; it's the symptom. we feel debt is the symptom of overspending and undersaving. Our monetary coaches will not recommend financial obligation combination for a customer. Why? Because debt consolidation doesn't work.

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Consolidating Student Loans

Studentl Loan Consolidation & Your Credit

All federal and exclusive student loans are considered unsecured financial obligation. That means they are perhaps not supported by security, by some asset – a home, a vehicle, a piece of land.

Unsecured student loan debt is looked upon more favorably by loan providers when information technology comes to evaluating your credit worthiness. Student loan debt is usually considered good debt because information technology represents an investment in your future.

If you're prompt in making your federal and/or private student loan payments to your lender, having this kind of debt can actually start to strengthen your credit rating after about six months of constant payment. Better yet, if your student loans are consolidated, reducing the number of active reports on your credit report, it can heighten your score because well.

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Credit Card Debt

Guidance and Debt Management Plans

If making consistent and timely credit card payments is a regular difficulty, you may possibly gain from expert help. Credit counseling and debt management plans can help you get straight back on track.

Credit guidance can guide you in the right direction after you’ve taken a couple of wrong turns. An experienced credit therapist can look over your funds and current situation and then assist you make a plan to move forward. He or she can assist you set up a household spending plan, savings plan and repayment plan for present debts. Your counselor can also gauge if you'll need more help.

Among your counselor’s suggestions may be enrollment in a debt administration plan (DMP). A DMP is best suited for individuals whom can afford their monthly repayments but lose track of bills or forget to pay on time. Whenever you enroll in a DMP, you’ll be responsible for just a solitary repayment each month. Instead than spending credit card organizations directly, you’ll send money to your credit therapist, who will then disburse the money to your different creditors. This can simplify your month-to-month bills and may be able to save you cash in interest and fees.

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Credit Card Consolidation

Consolidation and Settlement

Consolidation and settlement are more involved approaches to dealing with too much debt. While they require significant planning and commitment, they can help you out of a tough situation when you have actually too much credit card debt.

Consolidation rolls all your debts into one payment. As with a DMP, it reduces your number of monthly payments. Consolidation may additionally have the benefits of lowering your interest price and enhancing your payment schedule.

Settlement is a good choice for individuals whom can’t pay for the credit card debt they’ve racked up. You can enlist the assistance of a debt settlement firm or negotiate directly with loan providers to have your debt reduced. Whenever finished effectively, you may owe just a small fraction of your initial debt.

Credit cards can be helpful whenever utilized properly. They’re convenient and can enhance your credit background. Nevertheless, misusing or overusing the line of credit can have lasting negative effects. It’s important to make use of credit cards wisely and seek assistance when you really need it.

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Refinance Student Loans

Student Loans

For you, and numerous students like you across the country, graduation does not come with a job. It can come with a heap of student loan debt. The average borrower in the university course of 2013 is expected to carry more than $35,200 in student loan financial obligation. That debt may be accompanied by growing credit card debt, as well as a car loan and maybe also a home loan.

Did You know?

The costs for a higher education are among the fastest-rising costs in American culture these days. Since 1980, tuition expenses at U.S. universities and universities have actually increased 757 percent. In comparison, food and electricity expenses have risen about 150 % and gasoline rates have increased more than 400 percent over the same period of time.

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Student Loan Debt

People in debt commonly justify their student loan debt, saying that they will be in a position to spend down their debts after they graduate and begin working full-time.

However, credit card debts and automobile loan debts are considered bad debt. They don’t add financial value to your life such as by increasing your web worth or your earning power.

High levels of debt – especially bad debt – at more youthful ages are leading much more pupils and young individuals to the bankruptcy courts.

Before filing for bankruptcy, youthful consumers may want to look into debt combination and debt settlement, which can enhance their monetary standing.

In debt combination, all or several of your debts are rolled into one. You’ll nevertheless owe the exact same amount of money, but you’ll be accountable for simply one bill each month, making your debt payments easier and more manageable. It can additionally conserve you cash in interest over time.

Financial obligation settlement decreases the amount you owe through negotiations with your loan providers. You can get a debt settlement business to negotiate on your behalf, or you can negotiate directly with your creditors. A successful settlement can conserve you cash.

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Consolidate Debt

Consolidating student loan debts by taking out one large loan or a loan secured against a mojor asset, such as a home to pay down a combination of smaller debt or accounts, is not something we would advise. It uses one lump sum to cover for the entire amount owed on multiple loan accounts. On the other hand, that new student loan is now secured. You may have just taken an unsecured loan and collateralized it against your house or other personal asset. By taking out a new student loan, you can qualify for a lower or fixed interest rate on your loan and may be required to make a single monthly payment.

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Auto Loan Delinquency Rising

Late Car Payments?

The number of people 90 days late in car payments approaching peak levels since the subprime crisis of 2010.

If you’re late on your car payments, come in for a Chapter 13 consultation!

Compassionate. No-nonsense. Great job. Saved me $85K!

I had three choices: two large groups, or DebtDoc. I chose DebtDoc because of their numerous excellent reviews from clients as well as other attorneys. Also, I wanted someone to provide personal service and have a vested interest in my difficult student loan case.

I certainly made the right choice. DebtDoc's attorneys personally answered two of my phone calls and regularly answered my emails, even on one Sunday evening.

After 30 years of student loan "prison", he got me freedom AND he even got the US Dept. of Justice to dismiss 25% of my loans, which saved me $85K.

I feel like I have a new lease on life because of DebtDoc. I wish I could recommend 10 stars.

Client Testimonial

To whom it may concern,
DebtDoc's attorneys are extremely knowledgeable with the complexities of Federal Student Loans.
I went from a thriving career to full medical disability, ending with an SSDI placement. Unfortunately, I lost everything and became unable to continue making the student loan payments, so it was in deferment for over five years. When the SSDI settled I tried to negotiate an affordable payment plan with the loan holders but they refused my efforts, instead demanding over twice the amount I could afford.
I contacted DebtDoc and found them to be courteous, responsive and quick to assess my situation. They were sure they could help and took time to answer all questions, which relieved much anxiety. Within months they successfully resolved the debt! With much confidence, I highly recommend DebtDoc.
Sincerely,
 CJWaldenSignature
CJW

Clients with Student Loan Debt

Clients with Student Loans

Some information I need to evaluate your Student Loan options is contained in your National Student Loan Data System Report. Instructions for obtaining this report are available on my web site at sandiegostudentloanlawyer.com/nslds-report. Simply print/save the reports as a PDF, of all pages. Please DO NOT "DOWNLOAD" THE REPORT from the link - this creates a text file that is very difficult to read; please print the web page as a PDF file - the summary page of all loans AND the individual reports for each loan. Samples of these pages can be viewed by clicking the respective links in the previous sentence. I look forward to reviewing this report with you and assisting you with the management of your Student Loan debt.

I have prepared a brief questionnaire for you to fill out to provide me most of the information I will need. Please click this questionnaire link and provide me with the information listed. I would also like to see copies of your most recent pay stubs or other income information.

My office is located at 2727 Camino Del Rio South, Suite 135, San Diego, CA 92108. The main entrance to the building is on the right/west side. I am on the first floor; when you enter the building, turn right and I’m in the suite at the second door on the left. If the suite door is locked, please call or text at 619-678-1134 and I will let you in. (Unfortunately, I usually can’t hear a knock at that door.) I look forward to meeting with you and assisting you on your path back to financial freedom.