Services

Key Characteristics of Students that Default

Of the borrowers who defaulted the majority had contact issues:

• 49% had bad phone numbers
• 95% were not successfully contacted by phone during the 360-day collection effort leading up to default

LoanWise utilizes the latest skip-tracing technology to pro-actively reach out to at-risk students and counsel them back into good standing, avoiding default.

Default Aversion programs are customized to the specific needs of the school and include:

• Call Campaigns
• Letter Series
• Late-Stage Delinquency
• Default Prevention Seminars
• Exit Counseling

• Deferment/Forbearance
• Consolidation
• Repayment Counseling
• Skip tracing
• Rehabilitation

LoanWise’s targeted and innovative outreach programs are critical in reducing default rates in today’s economy for students and schools. Please contact us for more information. Know More. Save More.

800.301.5051