You need to know your options if you have been sued by National Collegiate Student Loan Trust in North Carolina. Many consumers don’t know who National Collegiate Student Loan Trust is even after they have been sued. A student loan goes into “default” when the borrower cannot pay the loan payments anymore. The loan is often then sold by the original lender to a third party at a discounted rate. National Collegiate Student Loan Trust is a third party entity who purchases such discounted defaulted on private student loan debt. Even though you might not have known who National Collegiate Student Loan Trust is, they very well might own your debt. The best defense if you are sued by National Collegiate Student Loan Trust is timing. You need to act immediately when you receive notice of being sued, as I will explain.
National Collegiate Student Loan Lawsuit Defense North Carolina
So who exactly is National Collegiate Student Loan Trust? When you take out a private student loan, the bank that you take the loan out from (Bank One, Discover, Chase Bank) funds the loan. Within a short period of time, your loan is then put into a trust pool. Those trust pools are sold to National Collegiate Student Loan Trust prior to payment becoming due. These loans are serviced during repayment by American Education Services (AES) unless your payments go into default, at which time they are transferred to Transworld Systems, Inc. (TSI) for servicing and collections. At this point, National Collegiate Student Loan Trust is basically a debt collector. And they will come after you for payment on the student loan debt with their vast resource of attorneys.
National Collegiate Student Loan Lawsuit in North Carolina
The good news is that you do have options if you are sued by National Collegiate Student Loan Trust in North Carolina. Personally, I have represented many clients against National Collegiate Student Loan Trust and produced outstanding results by negotiating with this debt collector. National Collegiate Student Loan Trust is not unreasonable in being willing to negotiate with consumers in default. Very often they will negotiate and allow the overall loan amount to be lowered and for the consumer to pay back that loan with payments spread out over an extended amount of time. As I mentioned, National Collegiate Student Loan Trust has an extensive legal team at their fingertips ready to carry out thousands of lawsuits against consumers. And not just in North Carolina, but all over the country. You need to make sure the person you hire to help defend your lawsuit has extensive experience in dealing with National Collegiate Student Loan Trust. You could end up saving thousands of dollars if you have qualified representation.
National Collegiate Student Loan Trust Help in North Carolina
Those in North Carolina who have had a lawsuit filed against them are often bewildered that they cannot find a website for National Collegiate Student Loan Trust. That is because they don’t have a website, so it is very difficult to find basic information like a phone number for them or an address. Please view my video What To Do If Sued By National Collegiate Student Loan Trust if you have been sued by them and want more information. If you have been sued by National Collegiate Student Loan Trust in North Carolina or another state and need immediate help, please contact me for a free debt consultation.
Daniel R. Gamez, an attorney focusing exclusively in debt relief, is licensed to practice in all state and federal courts in California and Texas. Mr. Gamez owns and operates the Gamez Law Firm in San Diego, CA. For more information, please contact Daniel Gamez at 858-217-5051, daniel@gamezlawfirm.com or use our online contact form. Stay updated with the latest debt relief tips by following on Facebook and Twitter!