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Sued By National Collegiate Student Loan Trust – What Do I Do?
Help! I’ve Been Sued By National Collegiate Student Loan Trust
A large number of lawsuits have been filed against my clients by National Collegiate Student Loan Trust. I receive frequent phone calls from people who were surprised and upset to learn that they had been sued by National Collegiate Student Loan Trust. Most of these people are confused; they’ve never heard of National Collegiate before, and have no idea why they’re being sued by this “Trust.”
Who Is National Collegiate Student Loan Trust?
National Collegiate Student Loan Trust is not a lender. They are a debt buyer who is buys private student loans from banks at a very cheap price.
These cases are all similar to the many that I have defended. The typical fact pattern is like hers – you applied to obtain student loans to help pay for your college education. Then – life happened. You got a divorce, lost your job, had medical issues – and you stopped paying your lender. The loan went into default, and you only became aware of this situation when you are suddenly sued, without any prior notice, by National Collegiate Student Loan Trust.
In most of the National Collegiate Student Loan Trust cases I have defended, I have found that the Trust does not always have the proper documentation required to prove its case.
Since, I am a consumer lawyer and I do this every single day, I know where to find the defects in these cases (yay, me).
When Creditors bring lawsuits against debtors, they have to prove it. My clients are surprised to find that there are strong strategies that I use to defend their rights. A common mistake that my clients make is that they always assume that they are in the wrong. Often, by the time they call me they are at their breaking point.
My clients are usually relieved to know that they have an excellent chance to defend themselves against these National Collegiate Student Loan Trust lawsuits, which they did not know was a possibility, until they spoke with me.
If you are being sued by NCLT (I’m going to use shorthand), you might even be able to turn the tables on them if we find that they violated the Federal Fair Debt Collection Practices Act (“FDCPA”) If that is the case, you could become a plaintiff and sue them for damages you may have incurred. If you call me, I will give you a free evaluation of your case and answer questions you may have about these lawsuits.