Rapid Recovery Solution, Collection Services Leader, Offers Tips to Avoid Student Debt

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Rapid Recovery Solution, a collection services leader, comments on an article published on The New York Times blog and offers ways to avoid debt to students.

On March 3, Rapid Recovery Solution, a collection services leader, applauds an article published on The New York Times blog describing ways students can learn about personal finance, offering students tips to avoid becoming overwhelmed by debt.

Addressing mounting concerns of student loans and debt, The New York Times listed a series of articles related to “saving money,” “credit cards and other credit tools,” and “the cost of college” to help students understand the value of money. “For each [area], we start with tips from ‘Money As You Grow,’ a Web site created by the President’s Advisory Council on Financial Capability to provide children and families with straightforward financial advice,” the article stated.

Understanding ways to manage personal finance is crucial topic for parents and students interested in attending college, because it enables them to make “informed decisions” that can help them avoid debt, the article stated. Parents and students can locate tips and resources on ways to save money on moneyasyougrow.org which “will equip kids with the knowledge they need to live fiscally fit lives,” the site stated.

John Monderine, CEO of the New York-based debt collection agency, Rapid Recovery Solution, recognizes the college debt issue and says, “Financial education is an important tool for children so they can avoid encountering debt issues. Money management is a lifelong skill that needs to be reinforced as early as possible.”

Monderine adds, “Saving early is important because it provides a foundation for your fiscal future and arms you with tools to fight off debt – or the possibility of a debt.”

Founded in 2006, Rapid Recovery Solution, Inc. is headquartered at the highest point of beautiful Long Island. Rapid Recovery Collection Agency is committed to recovering your funds. We believe that every debtor has the ability to pay if motivated correctly. We DO NOT alienate the debtors; we attempt to align with them and offer a number of ways to resolve not only your debt but also all their debts.


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