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What to Do if You’re Sued by National Collegiate Student Loan Trust

What to Do if You’re Sued by National Collegiate Student Loan Trust

If you’re being sued by National Collegiate Student Loan Trust, you need to consult Macon attorneys Buzzell, Graham & Welsh. It’s possible that your student loan is uncollectable, meaning your debt could be wiped out.

Due to skyrocketing tuition and fees, most students graduate today with some amount of debt. Federal loans still play a big part in financial aid packages, but they aren’t always enough to cover the whole cost of college. That’s when students turn to private loans. Private loans, which come from banks instead of the government, usually have fewer consumer protections and higher interest rates.

Take Note of Aggressive Collection Practices

High interest rates make it easier to fall behind on payments after an injury, job loss or family illness. Groups like National Collegiate Student Loan Trust buy up private loans from banks as an investment. When borrowers fail to pay, they aggressively go after delinquent loans. Some of these aggressive tactics are illegal and may violate the Federal Fair Debt Collection Practices Act.

National Collegiate May Not Have a Case

This year alone, National Collegiate has sued hundreds of people. But because the organization owns so many loans that have changed hands over and over, they often no longer have accurate paperwork. Without the right paperwork, it’s hard for them to prove in court that they own the loan at all.

Many borrowers have seen their cases dismissed and their debt wiped out. Tens of thousands of people could see their debt erased.

Why You Need an Attorney

Don’t be threatened by the bullying practices of debt collectors or the threat of going to court. Macon attorneys Buzzell, Graham & Welsh can help you understand your options if you are sued by National Collegiate Student Loan Trust over your private student loans. You may be able to:

  • Settle for less than you owe
  • Have your case dismissed
  • Be found to owe nothing
  • Potentially seek damages if collections practices violated the Federal Fair Debt Collection Practices Act

Don’t Be Intimidated Into Skipping Your Court Date

Unfortunately, many borrowers do not show up in court at all. When you don’t show up in court, National Collegiate Student Loan Trust may win the lawsuit automatically. To collect money owed, they may take part of your wages or money you keep in a bank account. Don’t let this happen to you. Contact Macon lawyers Buzzell, Graham & Welsh for expert help navigating this complex area.

The attorneys at Buzzell, Graham & Welsh are ready to fight for your national collegiate student loan trust lawsuit. Schedule a free consultation today by calling 478-217-2072.