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Yrefy Default Student Loan Refinancing

in Student Loan Refinancing from Yrefy LLC

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Yrefy Default Student Loan Refinancing

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in Student Loan Refinancing from Yrefy LLC

SuperMoney Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

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Highlights
Community Rating Strongly recommended
Loan Amount $5,000 - $250,000
Loan Term (Years) 3 - 15 years
Fixed APR 0.5% - 7%
Variable APR N/A
Number of Reviews 6

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 across the USA.

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 0.5% 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:

  • undergraduate students
  • graduate students
  • parents of students
  • undergraduate degree holders
  • graduate degree holders
  • parents of graduates

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. Yrefy Default Student Loan Refinancing will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations. Note that borrowers can add a cosigner or a co-borrower to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Yrefy Default Student Loan Refinancing. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Yrefy Default Student Loan Refinancing.

To qualify, applicants may need to provide the following documentation:

  • Recent pay stubs
  • Recent bank statements
  • Driver's license
  • 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 provide a credit approval decision in less than an hour and fund the loan within 7 to 7 days.

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.
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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 Default Student Loan Refinancing

Yrefy, LLC is a national specialty consumer finance lender, focusing explicitly on distressed private student loans. Our proprietary credit and risk tolerance model allows us to lend to the underserved, lower credit tranches. With Yrefy, student borrowers achieve financial independence and realize their financial goals.

Contact

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

About Yrefy Default Student Loan Refinancing

Availability

  Available in 40 states
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Ohio
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Application Fee $0
No Prepayment Fee
Origination Fee (%) 5%
Co-signing Allowed
Cosigner Optional
Credit Score Range 350 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Retired
  • Unemployed
Immigration Status Considered
  • U.S. Citizen
Joint Loan Applications Accepted
  • Co-borrower
  • Cosigner
  • Individual Applications
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Recent Pay Stubs
  • Proof of Identity
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Customizable Payment Dates
Funding Time Range 7 days
Payment Options
  • Automatic Payments
  • Check by mail
  • Bank Transfer
Fixed APR 0.5% - 7%
Loan Amount $5,000 - $250,000
Loan Term 3 - 15 years

Yrefy Default Student Loan Refinancing Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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