EC Lending LLC to Begin Refinancing Student Debt

SAN DIEGO, CA / ACCESSWIRE / February 28, 2017 / EC Lending has announced this week that they will begin aiding clients in refinancing student debt. The lending company, which previously specialized in auto finance and credit card consolidation, will now consolidate student debt at lower rates for clients across the United States.

Student debt refinancing is an industry that has experienced steady growth since the Global Financial Crisis in 2007. Students graduating from school in the early 2000’s suddenly saw their job prospects and income growth diminished. The United State’s current student loan model is notably unforgiving; students who have lost their jobs or have been unable to attain high paying work are not given allowances when paying back their debt. In addition, much of the debt is issued at a very high rate.

The company released the following statement through a spokesperson: “Many students are finding it increasingly hard to pay off their student debt in the current economic climate. A lot of our clients in other service lines are suffering form high-interest student debt that is debilitating their ability to grow wealth. We’ve decided that we have the capabilities to help existing in future clients refinance their debt at a lower rate and escape the burden of student loans.”

EC Lending, LLC founded in 2014, is located in Escondido, California. The firm initially started as a loan brokerage for car finance and credit card consolidation, but due to increasing revenues has found itself in the fortunate position of increasing their service lines. A significant market in the student loan area is available due to the often extortionate rates that student lenders charge. EC Lending has found profitable interest rates that will provide considerable value to their customers.

“We should be ready to begin our new services in May of 2016. We’re excited to be begining a new chapter in our company’s history,” a spokesperson said.

Contact@eclendingllc.com

SOURCE: EC Lending

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