Getting sued by SLM Private Credit Student Loan Trust? You aren’t alone.
What if I do nothing with this lawsuit?
- If SLM Private Credit Student Loan Trust is suing you, they are counting on you to do nothing. If you do nothing, a default judgment will be issued against you and SLM Private Credit Student Loan Trust will try to collect the judgment against you by property liens, garnishment of your paycheck and/or bank account, execution upon property, or taking your tax returns.
- If SLM Private Credit Student Loan Trust is suing you, chances are that you owe a lot of money on your student loan. Sitting on it and doing nothing will result in you owing the full amount. Fighting it, on the other hand, may yield way more favorable results.
- Fighting the lawsuit will force SLM Private Credit Student Loan Trust to prove that they lawfully own the loan. They have to account for the debt, and prove that you are legally liable for the debt.
- The amazing thing is, many times, SLM Private Credit Student Loan Trust does not have the paperwork or other documented proof. Other times, the debt is beyond the statute of limitations. There are documented cases all over the United States of National Collegiate Trust lawsuits being thrown out of court because they cannot prove their case.
- If you fight back, you might be able to get the lawsuit dropped, or the case can be settled for a low monthly payment or lump sum figure. By fighting, you can often get a better deal than if you do nothing.
Should I bother fighting the lawsuit?
Ok, I want to find out more. Now what?
If SLM Private Credit Student Loan Trust is suing you, you have a limited time to respond to the lawsuit. Call our office immediately at 586-979-5000 for a free consultation to see what your options are.