Defending Against National Collegiate Student Loan Trust Lawsuits

Mr. N. James Turner's Collections Legal Blogs

Licensed for 41 years

Attorney in Orlando, FL

National Collegiate Student Loan
Trust
is suing consumers across the country for past due private student
loans.   National Collegiate Student Loan Trust is not a
lender but is a Delaware Trust that holds private student loans guaranteed by
TERI rather than by the federal government.  
Stated simply, it buys student loans from the original lenders and
attempts to collect them for a profit. 
These private student loans were used by students to assist in financing
the cost of attending undergraduate, law school, business school, medical
school, dental school, and other graduate programs.

In order to obtain a judgment
against the borrower on a defaulted student loan, National Collegiate Student
Loan Trust
must prove ownership of the loan. 
Given the fact that the consumer did not borrow the money from that
National Collegiate Student Loan Trust, it must show how it acquired the loan.  Proof of assignment of the student loan to
National Collegiate Student Loan Trust is a requirement.

National Collegiate Student Loan
Trust
counts on consumers doing nothing so it can obtain a default judgment
against the borrower.    From a statistical standpoint, more than 90%
of all collection lawsuits – including those for private student loans – end up
with a default judgment.  Tragically, most
borrowers who receive lawsuit papers simply do nothing to defend themselves.

It is important for consumers to
defend themselves against lawsuits brought by National Collegiate Student Loan
Trust
and to demand that they prove their case.

Defending Against National Collegiate Student Loan Trust
Lawsuits

‹ Blogs Home