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Defaulted loans: What you need to know

We refinance defaulted private student loans — here’s how it works


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Hey -,

We’ve answered thousands of calls from borrowers and co-borrowers just like you. Below are the real questions we hear every day, and how Yrefy can help.

Q: WHAT EXACTLY DOES YREFY DO?

A: Yrefy helps borrowers refinance defaulted private student loans — even if their credit is low, they've been denied elsewhere, or they think they’re facing future legal action. We're a lender that actually works with people who are ready for a fresh beginning.

Q: DO I NEED GOOD CREDIT?

A: No. Yrefy doesn’t have a minimum credit score requirement. We know life happens — we’re here to help you.

Q: WHAT MAKES THIS DIFFERENT FROM CONSOLIDATION OR FORBEARANCE?

A: Federal consolidation doesn’t apply to private loans, and forbearance delays the problem. With Yrefy, if approved, your defaulted loan will be refinanced into a new loan — usually with a lower interest rate, and better monthly payments that you actually afford.

Q: WILL THIS STOP LEGAL THREATS OR COLLECTION CALLS?

A: It can. Once your loan is approved and transferred to Yrefy, we become your new servicer. We refinance your old loan, and you work with us moving forward. Many borrowers tell us the relief feels instant — the calls stop, and they feel in control again.

Q: WHAT ARE THE TERMS AND INTEREST LIKE?

A: Most of our borrowers see fixed interest rates between 1.00% and 5.99%, depending on their situation. We also feature a variety of term lengths from 60, 120, and 180 months. Bottom line: we will build a plan that’s tailored to your income and goals.

Still wondering if this is real?

We hear that a lot… Yes — this is very real.

Our mission is to give people a second chance with defaulted private student loan debt. We’ve already helped thousands of borrowers reset, rebuild, and finally move forward.


👉 Call us at 888-346-3394 to talk it through.

Or click below to check if you qualify:

We’re rooting for you,

The Yrefy Team

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