Re: Private Student Loan.
No he does not have to show the circumstance and debt management companies are non-profit organizations and charge a fee of about 25 dollars that you add up to your monthly payment. Also, going through debt management does not affect your credit. During the loan repayment time, you may not be able to apply for credit cards but debt management shows a responsible attitude and creditors like that. I know cause I took advantage of that right after I graduated, though my ‘student loan’ was actually my credit card debt.