Unfortunately the world of private student loans is not very friendly. If you are being harassed by a debt collector or have had a lawsuit filed against you, you should call immediately. Why? What is so urgent?
The last thing you want is a default judgment against you. If a collector gets a judgement against you they can enforce it against your property. This definitely matters! Frequently this can mean that your bank accounts are frozen, your wages garnished, your car repossessed, your personal property seized and sold, and to add insult to injury, a lien is sometimes placed on your home.
There are many situations where hiring a skilled NACA attorney can shift the outcome. In some situations I might even be able to recover against the collector for you! Obviously this depends on the circumstances. But whatever the facts are, I would always consult with a skilled attorney in this situation, someone who gives you the courtesy of a free initial consultation.
If no lawsuit has been filed, but you are receiving harassing calls or letters you should contact me anyway. This is because debt collectors must comply with the Fair Debt Collection Practices Act (FDCPA). This is a federal law that restricts the actions of third-party debt collectors who are attempting to collect debts. In some circumstances, illegal conduct by debt collectors actually allows you to recover against the debt collector.
Even if it turns out that you have no claims, defenses, or counterclaims, I think you will find that I can be of great assistance in negotiating a reduced settlement amount. Negotiating with creditors and collectors can be frustrating and stressful. I likely can save you stress and money in this situation.