Many of my clients are co-signers on private student loans owed to National Collegiate Student Loan Trust. Most of them are parents who co-signed on their child’s private student loan. The loan that they co-signed on was NOT originally with National Collegiate Student Loan Trust (NCT), so they are very confused when they receive notice …
Tag Archives: student loans
6 Student Loan Debt Statistics For 2016 That College Grads Need To Know
How to Stop a Bank Levy by National Collegiate Student Loan Trust
If you’re wondering how to stop a bank levy by a private student loan lender, such as National Collegiate Student Loan Trust, then you are not alone. 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 …
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How to Get Out of Default
Private student loans are not unlike credit cards. If you find that you can’t pay your private student loan, your loan will go into default and you will need to find a way how to get out of default. According to Motley Fool, 43 million Americans collectively owe $1.3 trillion in student loans. Students who …
How to Defend a Student Loan Lawsuit from Wells Fargo
I received a call a few months ago from a very worried young man that wanted to know how to defend a student loan lawsuit from Wells Fargo. He owed Wells Fargo $16,421 in private student loans. His loan had gone into default, because he could not pay his student loan. My client, like so …
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How to Get Student Loans Out of Default with Loan Rehabilitation
Help! I live in San Diego and want to know if I can get my student loans out of default with a loan rehabilitation? I can’t pay my federal student loan to Navient. My loan is now in default and the US Department of Education is sending their debt collectors after me, I’m afraid of …
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Can I Really Represent Myself Instead of Hiring a Student Loan Lawyer?
Anyone can learn the law and defend themselves in a civil case (excluding some small claims courts), so the answer is yes. And anyone can negotiate a debt settlement, as long as you educate yourself thoroughly. Keep in mind that the plaintiff’s attorneys have vast resources at their fingertips and are ready to use them …
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4 Tips for Settling Your Debt Lawsuit with a Debt Settlement Before It Goes To Trial
When you cannot pay your credit card bills, student loan debt or other kind of debt, your debt will grow with accruing interest, your credit will suffer, and the debt collectors could start contacting family, friends and employers to find you. The end result will likely be that your creditor will file a lawsuit against …
8 Tips For Dealing With Student Loan Debt After Graduation
Graduation is upon us! Many new college graduates will be confused about what to do if they are graduating with student loan debt. According to higher education and student loan expert Mark Kantrowitz, among the 70% of students who will graduate with student loans, the average amount of student loan debt for a 2016 graduate …
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Loan Rehab Program For Federal Student Loans
You never expected to end up in over your head when you applied for federal student loans, but circumstances have a way of working out differently – and now you’re in default on payments. Fortunately, you have options such as student loan forgiveness to move out of default, get back on track with monthly payments …
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