Have you been sued by National Collegiate Student Loan Trust? If you have been, chances are this is the first time you have even heard their name. So who is National Collegiate Student Loan Trust? National Collegiate Student Loan Trust purchased your student loan a very short time after the loan funded and prior to any payments becoming due. The loans are serviced by AES until the go into default, at which time they are transferred to Transworld Systems, Inc. for servicing and collections. These are loans that are not guaranteed by the federal government.
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For many, the first time they ever hear the name National Collegiate Student Loan Trust is when they are served with a lawsuit by this entity. Like most debt buyers, they would be happy if you failed to fight the lawsuit, giving them an easy judgment. Under California Laws, once a creditor like this gets a judgment against you, they can garnish your wages, levy on your bank account or attach the judgment to real property. So what options do you have if National Collegiate Student Loan Trust has sued you?
The first thing you should do is contact an student loan debt settlement attorney. Like most debt buyers, this creditor may have a difficult time proving that they own the debt and that you are required to pay them on this debt. But this doesn’t stop them from suing consumers. The mistake most people make is not fighting the lawsuit. Creditors such as National Collegiate Student Loan Trust must do more than simply claim you owe the debt. They must prove it with proper evidence. It’s a shame that most people will ignore these lawsuits out of fear and allow this entity to get the easy judgment they are hoping for. What they don’t want you to do is contact an attorney for assistance. If National Collegiate Student Loan Trust has sued you, you should consider contacting an attorney to determine the best way to defend against this suit. Don’t let them win by digging your head in the sand and hoping the problem goes away. Once a suit is filed against you, it is rare for the problem to just simply disappear.