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A Dime of Prevention Is Worth A Dollar of CureDefault Aversion Assistance: Late Stage Delinquency accounts can often be cured with a third party call before the borrower's account goes into default. In a recent Guaranty Agency Pilot at a large midwestern agency, fifty percent of the delinquent accounts characterized as Skips, were located and counseled back into a current status. Default Reduction Activities: FAMS can help you take advantage of the time when withdrawing students are in their Grace Period by making calls to counsel the borrower into repayment. For default prevention assistance, contact FAMS. |
