As of 2017, more than 44 million Americans have student loan debts. Even
after graduating college and starting a career, debt burdens can become
overwhelming and hinder your ability to get on with your life. If you
are struggling under the pressure of large student loans and have defaulted
on your payments, you can seek to negotiate a settlement with lenders.
At the Law Office of Simon Goldenberg PLLC, our student loan attorneys
have successfully negotiated with many of the major private lenders such as:
National Collegiate Trust, Citibank, Discover, and
Wells Fargo student loans. Many of our former client's have benefitted from substantial savings
that were achieved as part of the settlement negotiations.
It is a good idea to hire legal counsel to settle private student loan
debts. Here’s why:
An attorney can negotiate with your lender. It is important to convince your lenders that settling for a lesser amount
out of court is more beneficial than seeking full payment through litigation.
Lending agents may offer temporary fixes or restructured rates, but an
attorney can demonstrate your long-term financial situation and negotiate
a settlement that benefits both you and your lender. You must prove that
you have eliminated discretionary spending and have done all you can to
pay the debts. With a lawyer representing your case, you can seek to negotiate
a settlement and protect your interests.
An attorney can help you understand the details. During the negotiation, it is important to pay attention to the details
of the settlement. Lenders may try to impose fees, temporary interest
rate adjustments, and counteroffers that may only hurt your situation
in the long-term. A lawyer can identify key issues and minute details
of your settlement, discuss them with you, and determine a course of action.
It is also important to get the settlement in writing and signed by both
parties, in case a lawsuit should arise in the future.
An attorney can defend you from a lawsuit. In the event a lawsuit is brought against you to collect on an defaulted
private student loan, an attorney licensed in the state of the lawsuit
can help identify potential defenses and even work to negotiate a resolution
in the midst of litigation. Avoiding entry of a judgment is paramount,
and having a comptenent legal advocate can make a big difference in achieving
an accetable compromise.
Call the Law Office of Simon Goldenberg, PLLC Today, Toll Free at (888) 301-0584
If your private student loan has defaulted, you can seek a settlement through
negotiation. At the Law Office of Simon Goldenberg, PLLC, our New York and
New Jersey student loan lawyers can tenaciously represent you to lenders in court and out of court. With
the help of our firm, you can convince them that, due to your strained
financial situation, negotiating a reasonable settlement is more beneficial
than litigation. We can uphold your rights, discuss your options, and
represent you every step of the way.
Contact our office
today to schedule a free initial case evaluation, or call (877)717-0098.
Results vary. Contact us for an individual student loan evaluation.