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Student Loan Debt Settlement Lawyers - New York

Have you received a lawsuit or collection letter from the Sallie Mae / SLM Private Student Loan Trust in connection with an old student loan debt? Are you being bombarded by harassing debt collector phone calls? Are you concerned about being garnished or having your bank account frozen by a debt lawyer?

You have rights! Defenses to your debt may exist, and you may be able to fight, discharge, or even the settle the debt at a reduced amount in monthly payments. Consumers have alleged in lawsuits and to the Consumer Financial Protection Board that Sallie Mae has been involved in preditory lending and other unfair practices with respect to the originating, servicing, and collection of student loans.

The debt defense lawyers at Law Office of Simon Goldenberg PLLC help people resolve their private student loan debts with Sallie Mae / SLM Student Loan Trusts, and other private student loan issuers. We defend consumers from student loan lawsuits and protect them from unscrupolous debt collectors. Where elegible, our attorneys can help negotiate a debt settlement for a reduced amount, sometimes in long-term monthly payments.

It's never too late to seek your legal resolution options. Our New York Student Loan Lawyers can advise you as to all legal options, which may include lawsuit defense, debt disputing, and/or debt settlement.

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Background Information on the SLM Private Credit Student Loan Trust

The SLM Student Loan Trust is a Delaware trust, associated with Sallie Mae where multiple private student loans are pooled together by banking institutions for hedging purposes. SLM Private Credit Student Loan Trusts include private loans strictly originated by Sallie Mae. If your loan was originally serviced by Sallie Mae, it may be pooled in a SLM Private Credit Student Loan Trust. The securitization of these pools of loans into trusts allows them to be sold to investors on the financial markets.

As of recently, a company called Navient was spun-off from Sallie Mae Inc. to handle the servicing of federal student loans, which comprised a substantial amount of the annual revenues for Sallie Mae. Sallie Mae lent over $160 billon of student loans to nearly 25 million students, making it the biggest lender of student loans in the United States.

In or around 2010, the Consumer Financial Protection Bureau was made in order to take over certain responsibilities from the Federal Trade Commission in reference to regulating collection agencies and other consumer based business. The CFPB had reported receiving over 1,500 complaints regarding Sallie Mae and it's servicing of private and government student loans.

A group of consumers brought a class action against Sallie Mae under a federal consumer protection law known as the TCPA - Telephone Consumer Protection Act. In this consumer lawsuit, the Plaintiffs allege that Sallie Mae caused possibly unauthorized and repeated robot-calls to be made the the borrows in conncection with the servicing or collection of student loan accounts.

An example of a debt collection agency that may have been assigned to collect on behalf of Sallie Mae and SLM Private Credit Student Loan Trust: Allied Interstate LLC, and Central Credit Services F/K/A Integrity Solution Services. Some of the New York Law Firms that may have been hired to collect and/or bring a lawsuit on behalf of SLM Private Credit Student Loan Trust: Forster & Garbus, LLP; Jaffe & Asher LLP.

Sample Cases Represented by the Law Office of Simon Goldenberg*

On behalf of our Client's, our lawyers have fought and resolved many cases with the debt collectors and attorneys representing Sallie Mae and SLM Private Credit Student Loan Trust. Where appropriate, you may be able to resolve your debt within the realm of a settlement at a reduced amount. Some client's matters result in quite a substantial savings compared to the actual balance.

In SLM Private Credit Student Loan Trust 2006-B v. D.G.,the Defendant was sued by Forster & Garbus on behalf of the SLM Private Credit Student Loan Trust for a private student loan debt in an amount exceeding $26,000.00. After representation by our debt settlement law firm, our client entered into a settlement with Forster & Garbus for $12,800, achieving a savings of over $13,000.

In SLM Private Credit Student Loan Trust 2006-A v. J.D., the Defendant was sued by Forster & Garbus for a debt owed in the amount exceeding $19,000. Through the assistance of our new york debt settlement lawyers, the Plaintiff agreed to discontinue the action without requiring any settlelement payment from the client.

You may have strong defenses to your debt. You have rights that protect you from wrongful debt collection practices under both state and federal law. Under Federal Law, consumers have strong rights under the Federal Fair Debt Collection Practices Act of 1977 (FDCPA), and the Fair Credit Reporting Act (FCRA). Our New York Student Loan Debt Lawyers are experienced in the various resolution options available to private and federal student loan debtors, and can fight to help achieve the best results.

Do you want a debt settlement for Sallie Mae and SLM Private Student Loans?

Our debt settlement lawyers can help you understand your options, which may include lawsuit defense, debt settlement, or possibly a student loan discharge.

*Each case is unique. Prior results do not guarantee future performance. The case summaries listed on this website are sample cases, they do not reflect the entirety of the cases our office may have addressed with that entity, they are not necessarily chosen to reflect our "average" results or most common results, and the listed results are not indicative of what might be achievable for another client. All listed figures are approximations, and despite our best efforts to maintain accuracy, may be subject to typographical error or other bona-fide human error, for which we make no warranties or guarantees. The federal cases that may be listed on this page against the creditor or collection entity are not purported to be brought by our law firm. Unless otherwise specified, these federal cases are unrelated to our law firm.

The information on this website is provided for general informational purposes only, it is not legal advice, and none of the information posted is intended as an accusation by our office of any wrongdoing by any entities.

If you have a defaulted student loan account with SLM Student Loans Trust, Sallie Mae, or any other entity collecting on a private student loan, call our office for a free evaluation.

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