Yrefy Review: Defaulted Student Loan Refinancing

Yrefy is a private lender that focuses on refinancing defaulted student loans.

Refinancing your student loans can be a great opportunity to save money. A potentially lower interest rate could help you manage your student loans more effectively.

But if your student loans are already in default, it can be a challenge to find a refinancing opportunity that is willing to work with you. You still have an option, though, with Yrefy.

Yefry can step up to help you obtain the refinancing that you need for your student loans in default. Let’s take a closer look at how Yrefy could help you refinance your defaulted student loans. 

What Is Yrefy?

Yrefy has provided student loan refinancing since 2001. The company was founded with the goal of helping private student loan borrowers in default obtain refinancing opportunities. Since its founding, Yrefy has funded $6.8 billion in student loan refinancing, new money, and consolidations. 

Yrefy has become a popular recommendation of the Dave Ramsey show for borrowers with defaulted student loans. They're also a big sponsor of the Charlie Kirk Show.

What Does It Offer?

How can Yrefy help you? Here’s what the company offers. 

Refinancing Opportunities For Defaulted Borrowers

Student loan refinancing can help you tap into a lower interest rate which could be key to helping you manage your student loans efficiently. But if you are in student loan default, it can be difficult to find a lender that is willing to help you refinance. That’s where Yrefy can step in to help you out.

The lender is ready and willing to help you refinance $5,000 to $250,000+ of private student loans, even if you have poor credit. Yrefy looks beyond your credit score into a variety of other factors to determine your eligibility for a refinance. 

Rebuild Your Credit

A defaulted or delinquent student loan can be a big hit to your credit score. But refinancing will likely help you improve your score because you'll begin to log positive payments. According to Yrefy, many customers see a boost to their credit score within six to twelve months. 

Interest Rates

Yrefy will provide a refinance with a fixed interest rate attached. Depending on your unique situation, that interest rate could range from 1.00% to 5.99%. 

Unfortunately, you won’t be able to determine your exact interest rate without making a call to Yrefy. Although the phone call can be an inconvenience, it could open the door to a student loan refinancing opportunity with a reasonable interest rate. 

Limited Website Information

Compared to other refinancing lenders, Yrefy's website is woefully sparse on details. Here are just a few of the many questions that you won't be able to find answers to on their site:

• What repayment terms are available?
• Is there a formal hardship forbearance policy?
• Can you pause payments if you return back to school or are called on active military duty?
• Are there any application or origination fees?
• Is there a penalty for early loan payoff?

We would like to see Yrefy take the time to publicly address all of these questions on their site rather than forcing borrowers to ask about them over the phone.

Are There Any Fees?

Yrefy provides a no-cost review of your private student loan situation. However, as we've already highlighted, the company is vague on the other costs you might encounter. It's likely that you’ll run into several fees throughout the refinancing process. Unfortunately, Yrefy doesn’t share that information ahead of time. 

How Do I Contact Yrefy?

You can contact Yrefy by phone at 1-888-819-9556. Additionally, you could call the corporate office at 6910 E. Chauncey Lan, Suite 105, Phoenix, AZ at 800-614-8569. These lines are available Monday through Thursday from 7 AM to 5 PM MST and Friday from 7 AM to 4 PM MST.

If you don’t want to make a phone call, there are a few other options. You could shoot an email to [email protected] or contact the company via Facebook Messenger.

If you reach out, the limited amount of customer feedback available on the internet indicates that you'll have a pleasant experience with this A+ Accredited Business as determined by the Better Business Bureau. However, the sample size of customer reviews is small.

How Does Yrefy Compare?

As a student loan refinancing lender, Yrefy isn't alone. You can check out the best student loan refinancing options here.

However, you'll be hard-pressed to find many lenders that will offer to refinance your student loans if you've had a recent default. One lender that might be worth checking out is Earnest as it's known for looking beyond credit scores to things like employment and bank account balances when making its underwriting decisions. 

Also, you can use Credible to seek out offers from multiple lenders in minutes. If you have a desirable job and a low debt-to-income ratio, you'll have a better shot at receiving an offer with a lower credit score.

How Do I Open An Account?

Want to work with Yrefy? Here’s how to get started. First, fill out the contact form on Yrefy’s website. You'll need to provide your name, email, and phone number. After that, a student loan refinancing expert will reach out to you.

At that point, you should be prepared to discuss the details of your situation. Talk to Yrefy about the status of your loan, the amount outstanding, and your unique financial situation. From there, the student loan refinancing expert will let you know if Yrefy will be able to help you.

It's worth pointing out that Yrefy is only available in some states. These include Alabama, Alaska, Arizona, Arkansas, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Kansas, Kentucky, Maine, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, Ohio, Rhode Island, Tennessee, Texas, Utah, Virginia, West Virginia, Wisconsin, and Wyoming. 

Is It Safe And Secure?

Yrefy provides a detailed Privacy Policy that indicates that it shares some of your information with third-party partners. However, you'll have the option to opt out of some of these sharing methods. 

Is It Worth It?

If your student loans are delinquent or in default, Yrefy could be worth looking into as it could offer you a helping hand when most lenders won't. However, you'll want to make sure that you ask about the loan details that are missing on their site and receive satisfactory answers before signing any loan agreements.

If your student loans aren't current (or in danger of) default, you can likely find a better refinancing offer through another lender. Want to explore your options? Here 's a look at our favorite student loan refinancing companies for 2026. 

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