Relief for Parent Loans - for people whose payments are too high......
Why is this important?
There are some folks that will be paying these debts through their retirement years and only living on Social Security. The Servicing Companies will not work with the borrower on these types of loans and think they can get blood out of a stone. If you make 50% less than they payment they are demanding there is something wrong. There should be a loan foregiveness for this type of loan or the possibility to file bankruptcy for relief.
