A Sign of the Times: SimpleTuition Adds Debt Settlement and Savings Account Partners

Given the challenges in the private loan markets and the uncertainty surrounding the future of FFEL, it should not be surprising to see SimpleTuition seeking to diversify the services they offer.  With student loan defaults accelerating and the savings rates in the U.S. jumping in recent months, these partners seem to make sense but I was still surprised to see them on a student loan site. 

• Debt Rescue USA provides the following marketing pitch about their services:

"In just minutes, Debt Rescue USA will match you up with trustworthy & experienced debt settlement professionals who have helped thousands of people in your exact situation. If you have $10,000 in credit card debt or higher, find out how you can actually settle for less than you owe and get debt relief in as little as 12 to 36 months!"

• ING Direct Checking accounts:

"Electric Orange Checking from ING Direct lets you earn a high yield with easy access to your cash. It's about time your everyday money acted like a savings account."

• WT Direct Savings Account: 

"In today’s financial market, cash is once again king and consumers’ desire to save money and build wealth without high-risk investments has never been stronger. WTDirect Savings Accounts can help you achieve your financial goals."

In terms of their partners on the private loan side, after a few searches on schools throughout the country, their primary lender partners include two non-traditional and four traditional student lenders (Note:  lender partners are signified by logo next to their name on the SimpleTuition Search Results page):

• Non-traditional
  
  • CompleteEd - Credit union product managed by CUNA
  • Lending Club - social lending network
• Traditional lenders
  • Citibank - new partner
  • Discover
  • PNC Bank
  • SunTrust

In order to increase the number of private loan options, SimpleTuition also lists non-partner lenders, such as Chase, U.S. Bank and Wells Fargo.  Interestingly, the leading private lender, Sallie Mae, did not appear on the sample of searches that I ran today. 

Comments

[aion online kinah]

"In today’s financial market, cash is once again king and consumers’ desire to save money and build wealth without high-risk investments has never been stronger. WTDirect Savings Accounts can help you achieve your financial goals."

[Jaden J]

Thanks for the info. For more information about debt settlement letter and debt settlement companies, visit DebtSettlementEssentials.com.

[maellen]

hi ,according to my perception financial condition of any bank is not good ,if we invest any where it's very risky.but thanks for the information.
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maellen
foreclosed homes

[Debt Rescue]

With the investment , we have to bear the risk and financial law says higher the risk higher the returns .

[olique estefan]

You inspired me to be a blogger, thank you for that
This is a very touching blog, If I only could have had an idea I wish I had read the material on here sooner. Thanks for sharing everything this is a very nice blog

[Debt Rescue]

US debt rescue will help settle credibility crunch , hence credit maintainability and settlement can be achieved accordingly .

[Michelle Boudreau]

Great post ! i agree that in today's tight markets money is the king and saving with proper managing cash is the key to build wealth with risk minimization .

[Michelle Boudreau]

Great post ! It is important to sustain reforms to avoid unsustainable debt burdens, and to restore investor confidence. Their efforts should focus on implementing national poverty reduction and growth strategies.

[Robin Smith]

citi bank money transfer are very much easy now-a-days. Once you deposit some money in citbank it will enable you to do better transaction through internet banking.

[aion kinah]

Many thanks for this great article.

[Debt Help]

Debt Settlement has help many across the country become debt free. No wonder it is one of the most sought after debt relief programs.

http://bedebtfreenow.org

[Eliminate Credit Card Debt]

I absolutely agree with what your saying completely. Debt is a serious issue and you absolutely touch base on a lot of key issues.Credit Card Debt will bury you with high interest payments that can be fixed for which you give a lot of good information within this article. Thank you for sharing

[HeatherDebt]

Good information indeed. Sad to see so many debt reduction services are necessary but these are the times we live in.