Is Yrefy Default Student Loan Refinancing the right fit for you?
Last Updated: 04/18/2025
SuperMoney User Recommendation Score +88
Strongly recommended26 total votes
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Highlights
Community Rating
Strongly recommended
Fixed APR
1% - 7%
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Variable APR
N/A
Amount Range
$5,000 - $250,000
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Loan Term (Years)
3 - 15
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Number of Reviews
Yrefy Default Student Loan Refinancing Review
Yrefy Default Student Loan Refinancing is a student loan refinance offering by Yrefy LLC . Founded in 2017, Yrefy LLC offers student loan refinancing in 40 states .
Yrefy Default Student Loan Refinancing FAQ
What APRs does Yrefy Default Student Loan Refinancing offer on its student refinancing loans?
The range of APRs you qualify for when refinancing a student loan vary widely by lender and will depend on your creditworthiness and the type of loan you choose. Loans with fixed rates will typically have higher APRs than loans with a variable rate.
Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 1% to 7% APR.
How much can you borrow via Yrefy Default Student Loan Refinancing?
Loan amounts start at $5,000 and go up to $250,000
Does Yrefy Default Student Loan Refinancing charge an origination fee?
Yes, Yrefy Default Student Loan Refinancing charges a loan origination fee of 5% of the loan amount . Yrefy Default Student Loan Refinancing deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.
A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does Yrefy Default Student Loan Refinancing charge prepayment fees?
No, Yrefy Default Student Loan Refinancing does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
What terms does Yrefy Default Student Loan Refinancing offer?
Yrefy Default Student Loan Refinancing provides refinancing loans of 3 to 15 years.
What type of borrowers will Yrefy Default Student Loan Refinancing consider?
Yrefy Default Student Loan Refinancing considers loans applications from:
What do you need to qualify for Yrefy Default Student Loan Refinancing?
Applicants with a credit score of at least 350 and up to 850 may be eligible for Yrefy Default Student Loan Refinancing. Yrefy Default Student Loan Refinancing does not have or does not disclose a minimum annual income eligibility requirement. Note that borrowers can add a cosigner or a co-borrower to either meet eligibility requirements or qualify for lower interest rates.
U.S. citizens are eligible to apply for the services offered by Yrefy Default Student Loan Refinancing.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Bank account information
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
- Proof of citizenship or residence permit
What is the estimated funding time for a student loan refinance via Yrefy Default Student Loan Refinancing?
Yrefy Default Student Loan Refinancing will typically fund loans within 7 and 7 days of approval.
Yrefy Default Student Loan Refinancing Disclosure: Yrefy’s loan refinance program offers fixed rates from .5% APR up to 7.00% APR. Your interest rate will remain constant over the life of your loan and your monthly payment amount will remain the same. Not all borrowers receive the lowest rate. Get started now. To check the rates and terms you qualify for, Yrefy will conduct a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. If pre-approved for a refinance loan, depending on your creditworthiness, your loan approval may require the addition of a co-borrower.
If you are pre-approved as a Borrower, your interest rate will be in the range listed above. The estimated loan option and terms displayed are based on information you provided in the pre-approval application, and are subject to change prior to acceptance. Yrefy LLC is not responsible for any inaccurate information disclosed on this website.
After seeing your offered interest rates, you may choose to continue your application online at https://apply.yrefy.com or by contacting Yrefy’s Advocate. With your prior authorization, Yrefy will complete a hard credit inquiry, verifying the information you provided, and collecting additional information from you (and your co-borrower, if applicable) for Yrefy to determine whether you qualify for a loan. A hard credit inquiry is required for any lender to be able to issue a refinance loan. Up to a 5% fee will be assessed at the time your private education loan(s) are refinanced; this amount will be added to the principal balance of your refinanced loan.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from Yrefy defaulted student loan refinancing
Contact
Headquarters
Hours of Operation
Sunday
Closed
Monday
7:00AM - 5:00PM
Tuesday
7:00AM - 5:00PM
Wednesday
7:00AM - 5:00PM
Thursday
7:00AM - 5:00PM
Friday
7:00AM - 4:00PM
Saturday
Closed
Other Services by Yrefy LLC
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +88, or 4.8 on a 5-point rating scale.
+88
-1000+100
No one recommends
Everyone recommends
Yrefy Default Student Loan Refinancing Community Reviews
Would you recommend Yrefy Default Student Loan Refinancing to your friends?
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
Yrefy might be the best option for your situation if you have defaulted private student loans specially when when your credit score is not so good!
MB
Michaela B.
Nov 25, 2022
May or may not recommend
Its still good to know to have this kind of help in order to finish school and be able to start a carreer so yes!
RF
Rosa F.
Nov 17, 2022
May or may not recommend
Yrefy offer great rates for paying your loan, and their customer service are very helpful, and very easy to communicate
CU
Chinonyerem U.
Sep 19, 2022
May or may not recommend
I love this because Yrefy Default Student loan does not charge prepayment fees. Meaning you will not have to pay additional fees if you decide to pay the loan off early. And also you can take loan of up to $250,0000 wow that's really amazing that could cover for both undergraduate and postgraduate depending on the course. My friend currently uses it for post graduate and I also ...Show More
VK
Victoria K.
Jul 21, 2022
May or may not recommend
I previously had a job collecting for Nelnet's student loans. I have found that refinancing student loans is generally not a good idea. For this company itself, I don't feel I would recommend. This is just because of my knowledge of how student loans work. There is a lot more options for help if you keep the loans federal.
Omar Pacifico C.
Jul 12, 2022
May or may not recommend
Yrefy might be the best option for your situation if you have defaulted private student loans specially when when your credit score is not so good!
NT
Natawnee T.
Apr 7, 2022
May or may not recommend
This bank definitely helped college go smooth for me. I'd recommend this to everybody.
NW
Noam W.
Mar 31, 2022
May or may not recommend
Yrefy allows people with an average to good credit score to receive loans for their education. However, there is a large origination fee of 5%. That means if you are borrowing $10,000, they will give you $9,500. Keep this in mind before taking a loan. Overall, this company helps many students pay for their education.
AW
Ajoke W.
Mar 29, 2022
May or may not recommend
They help secure a better future with their help as regards financial support and assistance.
MP
Marianna P.
Mar 19, 2022
May or may not recommend
I don't know much about this company, but based on the recent reviews I've seen and done some light research of my own, I wouldn't use this company if the time comes if I need to.
TB
Tabbitha B.
Mar 4, 2022
May or may not recommend
Yrefy Default gives a wide range of loan amounts, this can be helpful for any student! The APR is another great thing about this company’s loans, the rates are quite low unlike other loan establishments.
UA
Umair A.
Mar 1, 2022
May or may not recommend
Well, these guys are not just Refinancing loans but helping the community to live a stress-free life, especially those students who are in heavy debt which other refinance companies are unwilling to intervene. Great Job guys. KEEP UP THE GOOD WORK!!!!!
SR
Santiago R.
Feb 6, 2022
May or may not recommend
The process of applying for a refinancing can affect you if you do not carry out a previous study before applying for it.
Working with YREFY us gives you the following advantages.
* Interest = Fixed rate from 0.5 to 7.5% / Others start at 2.5% to 8%.
* Credit Score = 350 minimum / others starting at 650
* Speed of Approval = Maximum 7 days.
Disadvantages
* Charge 5% upfront fee.
CR
China R.
Feb 1, 2022
May or may not recommend
I was worried about what would happen after graduating but I love the loan start amount and also the great rates as well. Looking forward to working with this!
Jas T.
Jan 30, 2022
May or may not recommend
Their services helped a lot during my credit score construct period. My credit score wasn’t that good before applying for their services and they helped me a bunch with paying off student loans that was weighing me down.
They helped me shield away from loan sharks and choose better options for paying off student loans. They also helped me get extra money in my pocket and their prices are reasonable.
FI
Farah I.
Jan 7, 2022
May or may not recommend
Best student loan refinancing. Would recommend you to open your account.
HN
Haley N.
Dec 16, 2021
May or may not recommend
This company is a very thorough and straightforward website with a lot of information and knowledge about the content.
Jacques De J.
Nov 18, 2021
May or may not recommend
As a recent graduate, I was able to use YReFy to refinance my undergraduate student loans. I trust this company to provide reliable customer support and provide each customer a unique perspective on their refinanced student loans as they were for me.
I could better understand my financial constraints by asking questions and getting a common-sense answer or solution. Oh, and getting approved was not nearly as daunting as I imagined.
BS
Bradley S.
Nov 18, 2021
May or may not recommend
Getting approved is easy and being able to have someone hold your hand during the process of setting up and paying back is simple. Student loans are already a nerve-wracking process so anything that makes it simple to restore your financial foundation is a win in my book and that is where Yrefy truly shines.
KR
Kye R.
Nov 10, 2021
May or may not recommend
I was super worried after I graduated because of my student loans. I am so glad I made the decision to refinance them with Yrefy. The company is reliable and was available to get something more personalized for me. They are great and answer any questions you may have. I am no financial wizard, but they helped me understand the process and I would highly recommend their services!
Showing 20 of 26 reviews
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