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Press Release – updated: Oct 7, 2018 05:00 PDT
ROHNERT PARK, Calif., October 7, 2018 – For many people in the United States, debt is overwhelming. Establishing good habits to combat this can be easier said than done. Ditching a fixed mindset (the belief that one’s abilities and basic qualities are simply fixed traits) and developing a growth mindset (the belief that one’s skills and qualities can be cultivated through effort and perseverance) is one way that experts say can help people achieve their financial goals. Ameritech Financial, a document preparation company that assists federal student loan borrowers with federal repayment plan applications, encourages student loan borrowers to establish positive habits when it comes to their loan repayment but reminds them that there are resources to help.
“Income-driven repayment plans help borrowers by potentially lowering their monthly payments. Even when repayment is going smoothly, borrowers might not be able to shake negative thoughts about their loans,” said Tom Knickerbocker, executive vice president of Ameritech Financial. “Focusing on cultivating a growth mindset can result in a much more pleasant repayment experience.”
According to writers at the Wealth Clinic, there are four ways to positively change one’s “money mindset.” These are to be aware, accept what it is, allow change to happen and take action. These may be easier said than done, but putting one’s mind to something and following steps can improve anyone’s financial outlook. Through effort and perseverance, writers like Sara Lindberg believe that revolutionizing one’s finances is possible. She argues that a fixed mindset features a focus on what’s going out, which can result in feeling limited and held back. On the other hand, a growth mindset allows consumers to more easily focus on what is coming in, which can enable savings and debt-payoff goals. By focusing on income, it can be more possible to allocate money and get motivated to follow through on personal finance goals.
EVEN WHEN REPAYMENT IS GOING SMOOTHLY, BORROWERS MIGHT NOT BE ABLE TO SHAKE NEGATIVE THOUGHTS ABOUT THEIR LOANS. FOCUSING ON CULTIVATING A GROWTH MINDSET CAN RESULT IN A MUCH MORE PLEASANT REPAYMENT EXPERIENCE.
TOM KNICKERBOCKER
EXECUTIVE VICE PRESIDENT OF AMERITECH FINANCIAL
Taking these steps is particularly helpful for financial success, but this is not the only way to reach that point. Student loan borrowers may improve their financial system by applying for a federal income-driven repayment plan. Such plans calculate payments on income and family size and can create some room in a monthly budget.
“Financial stress can be hard to cope with and sometimes it might need some special attention,” says Knickerbocker. “At Ameritech Financial, we help borrowers apply for programs that may assist them in better-positioning their finances, so then they may be able to see their loans and the repayment process in a positive light.”
About Ameritech Financial
Ameritech Financial is a private company located in Rohnert Park, California. Ameritech Financial has already helped thousands of consumers with financial analysis and student loan document preparation to apply for federal student loan repayment programs offered through the Department of Education.
Each Ameritech Financial telephone representative has received the Certified Student Loan Professional certification through the International Association of Professional Debt Arbitrators (IAPDA).
Ameritech Financial prides itself on its exceptional customer service.
Contact
To learn more about Ameritech Financial, please contact:
Ameritech Financial
5789 State Farm Drive #265
?Rohnert Park, CA 94928
1-800-792-8621
?media@ameritechfinancial.com
