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).
Why Choose My Debt Collection Defense Firm?
- An impassioned enthusiasm for leveling the playing field with strategies built upon 25 plus years of litigation experience
- Successful and proven track record representing clients against NCT
- An intense belief that my client’s interests be represented clearly and vigorously
- A commitment to a friendly and non-judgmental office environment that welcomes our new clients and takes care of our returning ones
- Voted a PA “Top Lawyer” by Main Line Today Magazine
- Host of radio show Consumer Defense Line on WCHE 1520 AM
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.
In order to win their lawsuit, the National Collegiate Student Loan Trust has to conclusively prove at least three things:
- You took out a private student loan: They need to produce a Promissory Note signed by you.
- They own the loan and have the right to collect on it: They need documents clearly showing that the lender sent it to the depositor who then sent it to them.
- They are asking to collect the accurate amount of debt: They need detailed account records to prove that you truly owe them as much as they are asking.
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.
My goal is to reach as many people as possible to let them know that they do have the option to combat collection agency bullies.
CommittedMy firm is proud to deliver high-quality legal representation and compassionate counsel during this difficult time.
Over 25 years of experience and the qualifications to fight for you and your rights.
We fight back and make the debt collector pay YOU money for their abusive, harassing behavior.
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Michael P Forbes
VOTED AS ONE OF PENNSYLVANIA'S TOP LAWYERS
Mr. Forbes has always been driven by the desire to help others. With that in mind he began his law career representing indigent families in the Philadelphia family law system for seven years.
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