An Arizona woman, who was also a cafeteria cook at Monte Vista Elementry School in Arizona was appointed treasurer of the Parent Teacher Organization (PTO). Seems she was more than just a cook in the kitchen because she had a special recipe to cook the books as well. PTOs help parents and schools work together. …
Question: Dear Steve, I filled for Bankruptcy Chapter 13 five years ago, and it was discharged last year. I included my student loans, private and federal. National Collegiate Student Loan Trust refused was contacted to submit their claims but refused. Now that I am out of bankruptcy, they are trying to file a judgment against …
Question: Dear Steve, National Colligate garnished my wages, and 6 months after garnishment stopped, they tried to garnish my wages again for over 3000 in interest. That I assume they didn’t include? I paid over 7500. The only reason I know that they are trying to garnish me again is that the courts sent me …
By Gregory Frank, FRANK LLP. What a Student Loan Recordkeeping Mess A group of murky Wall Street trusts have taken millions of dollars from Americans, claiming they are owed almost $12 billion in student loan debt, even though they cannot prove it. The Attorney General of New York and other regulators have forced National Collegiate …
A group of attorneys are fighting the good fight in a case involving another stinking National Collegiate Student Loan Trust case. The arguments about why these particular private student loans should be discharged in bankruptcy have been sharpened through several cases and litigation. When I read the summary, in this case, it seemed that the …
The stinkiness of National Collegiate Student Loan Trust loans is something I’ve talked about for a long time. Attorney Austin Smith has been one of the leaders in the charge against these putrid private student loans. The problem with the loans is how they originated, slicked, packaged, and sold to investors. Strictly speaking, the loans …
Here is a very interesting bankruptcy case from earlier in 2020. Judge Jennemann had no patience for National Collegiate Student Loan Trust and eliminated the private student loans in full. She also awarded attorney fees to the consumer as well. This case shows, if a creditor claims your private student loans are exempt from discharge …
New York Attorney General Letitia James today announced that she has secured protections for thousands of student borrowers who defaulted on student loans and who were subject to misleading and unlawful actions by Transworld Systems, Inc. (Transworld), one of the nation’s largest debt collectors. The agreement resolves an investigation of Transworld — the principal debt …
National Collegiate Student Loan Trust (NCSLT) is a messed up private student loan player. I still think their daily suits against people could be defeated with smart legal brains representing consumers because the debts would struggle to be validated if challenged. The debacle over the chopped up and the divided pool of student loan debt …
In 2017, the Consumer Financial Protection Bureau (CFPB) sued the National College Student Loan Trusts (NCSLT) and their debt collector, Transworld Systems, accusing the two defendants of illegal student-loan debt collection. Specifically, the CFPB accused NCSLT and Transworld of collecting on private student loans after the statute of limitations had expired and of suing debtors …
