Bohemia, NY (PRWEB) July 26, 2013 -- On July 26, collection agency Rapid Recovery Solution, Inc. is pleased to learn of a new type of student loan that enables more young adults to pursue higher education.
According to an ABC News article from July 23, titled “Here’s An Alternative to Student Loans,” a lending organization known as 13th Avenue Funding has introduced a way for college students to circumvent banks and avoid excessive interest rates. What’s been dubbed the “pay it forward approach,” young adults pay off student loans only after graduating and entering the workforce. The article notes that “those who benefit from college degrees pay back. Those who don’t pay less, or nothing at all.”
Ambitious students today are applying for loans in the tens of thousands, often handcuffing them throughout their adult lives. This groundbreaking arrangement by 13th Avenue Funding minimizes the risk inherent in loans by acting more as angel investors or venture capitalists and less like predatory banks.
John Monderine, CEO of Rapid Recovery Solution, Inc. comments by saying, “I am always intrigued by alternative methods of avoiding traditional student loans. Continuing through higher education is one of the most beneficial things we can do as Americans, and every individual should find ways to achieve this.” He continues with expert analysis. “In the collection services industry, we never like to see young adults accumulating large amounts of debt before they even secure jobs. We encourage our young clients to pull funds from responsible sources that won’t impact their credit or overall finances so immediately.”
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.
Sean Nolan, Rapid Recovery Solution, Inc, http://www.rapidrecoverysolution.com, +1 (866) 944-8610, [email protected]