At Yrefy, LLC, we are dedicated to helping distressed borrowers regain control of their student loan debt by offering prime rates for refinancing. Many borrowers find themselves burdened with late fees, collection costs, and default interest rates, resulting in an effective APR exceeding 20% and even reaching the maximum usury laws in their state.
Our mission is to provide borrowers with a much-needed solution. Through Yrefy’s refinancing program, borrowers receive a low fixed interest rate with customized terms, making their payments affordable and allowing for rapid recovery and improvement of their FICO credit score.
We specifically focus on supporting delinquent and defaulted borrowers whose primary or largest debt is their student loan. Nearly 68% of these borrowers have co-borrowers, typically parents or grandparents, whose credit is also affected by the outstanding loans. Both borrowers and co-borrowers are highly motivated to seize the opportunity to refinance their private student loan debt at rates that enable them to repay these loans.