Most credit card and personal loan companies have an internal hardship program. On a hardship plan, lenders like Sofi will temporarily lower your interest rate for about 3-12 months. Sometimes, they may lower your payment as well. Obviously, your financial hardship must be compelling to qualify for the benefits.

The only way to get out of a loan with a Sofi is to get another personal loan to pay it off or pay the debt off on your own. Fortunately, Credit Counseling or a Debt Management Program can help restructure the payment and interest terms in your favor.

Sofi might be able to lower your payment if you qualify for their hardship program. Credit Counseling (Debt Management Program) has had great success with lower payments with Sofi as well. A recent study shows that DebtWave Credit Counseling, Inc. lowered the average client's payment more than $200. Not to mention, the average interest rate fell to below 7% on their debt management program.