National Collegiate Student Loan Trust, usually just called NCSLT, isn’t a one company, but instead a collection of trusts who purchase private student loans originated by more than 50 lenders, including PNC Bank, Citizens Bank, Charter One Bank, Sovereign Bank, HSBC Bank USA, JPMorgan Chase...
There is almost $1.5 trillion in student loan debt in the United States, and nearly 1 in 5 adults have student loan debt. On top of that, more than 10% of student loans are in default. What can you do if you’re behind on your...
The new administration announced plans to roll back consumer protections via an Executive Order. Although the order is vague, it essentially gives the U.S. Department of the Treasury instructions to restructure and limit the Dodd-Frank Act, the law passed to increase consumer protections after the...
Recently, an article titled Why I Defaulted on My Student Loans was published in the New York Times. The op-ed piece discusses a far too common scenario that many students face after graduation. When confronted with the choice of attempting to repay his student loan...
Since 2011, the Consumer Financial Protection Bureau (CFPB) has handled more than 550,000 complaints from consumers facing issues with banks, debt collectors, credit reporting, student loans, credit cards, vehicle loans, and more. So far, the information taken from these complaints has been used by the...
While federal student loans have offered income-based repayment plans and rehabilitation options for several years, private student loans have mostly resisted any such flexibility. There is hope that that may be changing, though, as Discover Bank and Wells Fargo recently announced that they will begin offering student...
While current bankruptcy laws often make it difficult to discharge unaffordable student loans through bankruptcy, there are many other ways you can fight back against student loan collectors outside of bankruptcy. Here’s a list of the six most important tips for fighting student loan collectors: 1. Determine...