STUDENT LOAN LAWYERS HELPING CONSUMERS DEAL WITH PRIVATE LENDER LAWSUITS
Student loan borrowers in Illinois now owe more than $56 billion. Thousands of people in the Chicago area struggle to repay a federal or private student loan.
If making your monthly private student loan payment is difficult – or becoming impossible – you have some legal rights that you may not even be aware of.
If a private student loan is in default, the lender (or a debt collector if the lender sold it) will likely sue the borrower.
If you’re sued on a private student loan, a private student loan attorney at the Chicago Consumer Law Center can explain your rights and defend you against the lawsuit. Usually we’re able to get the case either dismissed, where our clients’ owe nothing, or settled for a fraction of the amount with a payment plan that a client can afford.
HOW THE CHICAGO CONSUMER LAW CENTER CAN HELP
It doesn’t matter why you’re struggling to repay a private student loan – we’ll help you. Maybe you’ve been dealing with unemployment or a serious illness, or maybe you work at a low paying job and you have nothing to spare after paying your regular monthly bills. Some people simply don’t know about all of their payment options.
If you’re sued by a private student loan lender or by the National Collegiate Student Loan Trust (NCSLT), a student loan debt purchasing company that buys private student loans from original lenders – cheaply – and then sues on the loans, we can help.
In Cook County alone, more than a hundred NCSLT lawsuits are filed every month. Thousands of private student loan recipients in Illinois are sued each year. Don’t panic if you are the target of one of these lawsuits.
Often in these cases, a good debt defense attorney who has experience with student loan lawsuits can have the lawsuit dismissed or settled for a fraction of the amount being sought, and your attorney can negotiate a reasonable payment plan on your behalf.
WHAT IF YOUR PRIVATE STUDENT LOAN IS IN DEFAULT?
The terms of a private student loan may not offer you the protections and payment options that a federal student loan provides. Defaulting on a private student loan probably means that you’ll be harassed by a collection agency, that your credit score will sink, or that you’ll be sued.
Collection fees could even be added to your debt after a default, significantly increasing the amount you owe.
If you’ve been sued on a private student loan, a private student loan attorney at the Chicago Consumer Law Center can defend you and likely obtain a favorable result you can live with. Our attorneys and staff are here to help you through every step of the process.
LEARN MORE ABOUT YOUR RIGHTS
At the Chicago Consumer Law Center, we are dedicated to helping and protecting consumers in the Chicago area. Helping borrowers deal with student loans is just one of the many legal services we offer to Chicago-area consumers.
Call the Chicago Consumer Law Center at (312) 858-3240 to arrange a free Strategy Session about a case filed against you for a private student loan or any other consumer debt-related legal matter.