National Collegiate Student Loan Trust Lawsuits

Debt Collection Defense Lawyer - Call (610) 991-3321

Are you facing a lawsuit from the National Collegiate Student Loan Trust? I have successfully defended many clients from these lawsuits, and I may even be able to turn the tables on the Trust and sue them for violating your rights under the Federal Fair Debt Collection Practices Act (FDCPA).

At Law Office of Michael P. Forbes, PC, I defend clients throughout Pennsylvania, and in the myriad of cases I have handled in multiple states, only a few cases have needed to go as far as the trial or arbitration stage. Thus far my firm has won every case outright or gotten the court to dismiss the lawsuit. Find out I may be able to help you when you contact my office today.

What is National Collegiate Trust?

National Collegiate Student Loan Trust is an entity that acquires and manages private student loan debt, assuming the responsibility for collecting payments. In the event that you have failed to fulfill your student loan obligations that were acquired by National Collegiate Student Loan Trust, you could potentially face legal action for debt collection.

National Collegiate Student Loan Trust operates as a company that possesses multiple Delaware trusts, which consolidate various private student loans. These loans are typically purchased from private lenders such as Bank of America, JPMorgan Chase, and Citizens Bank. The trusts subsequently issue bonds that are backed by these student loans.

It is important to note that National Collegiate Student Loan Trust is not a direct lender, which can lead to confusion if you receive a notice requiring payment or indicating that you are in default regarding a National Collegiate Student Loan Trust loan.

What is the National Collegiate Student Loan Trust Statute of Limitations?

The statute of limitations to file a lawsuit against a client is 4 years from the date of the last payment. 

Sued by the National Collegiate Student Loan Trust? Know Your Legal Rights & Options!

In many cases, it turns out the National Collegiate Student Loan Trust filed the lawsuit against a client beyond the statute of limitations, missing the deadline and thus rendering the suit void. In most cases, the FDCPA has been violated, which means that clients can sue the Trust for damages, and in some cases, attorney fees.

On the Trust’s end, the paperwork involved is often sketchy, and it’s likely that they can’t even pinpoint which of their trusts holds your loan. Even so, neither investors nor the National Collegiate Student Loan Trust want loans to default, and the trust will aggressively pursue debt collection. If you fight back and look closely at their lawsuit, however, it becomes clear that they might have an uphill battle against you.

With the complex network that is the National Collegiate Trust, a network that often lacks basic documentation, you may be in great shape to challenge their lawsuit. I can determine whether or not the National Collegiate Student Loan Trust actually has a case against you. From defending your rights under the FDCPA to building the strong defense against this student loan lawsuit, levies, and other penalties, my firm has the insight and tenacity to help you.