How to Quickly Resolve Private Student Loan Debt

Posted by Golden Financial Services on October 13th, 2017

According to the New York Times and Business Insider; “-billion in private student loans may be dismissed due to lost paperwork.” Learn how to resolve private student loan and Alaska debt relief quickly inside this post by Golden Financial Services. Private student loans can be paid in full, settled for less than the full amount owed and also disputed through debt validation where in some cases you may not have to pay it. You can use the same laws banks use against you - you can use against them to resolve your private student loan debt.

Before we talk about private student loan solutions, let’s closely examine the problem.

The New York Times just released breaking news; “As Paperwork Goes Missing, Private Student Loan Debts May Be Wiped Away”

The New York Times stated that; “Judges have already dismissed dozens of lawsuits against former students, essentially wiping out their debt, because documents proving who owns the loans are missing. A review of court records by The New York Times shows that many other collection cases are deeply flawed, with incomplete ownership records and mass-produced documentation.”

Student Loan Debt - America’s Biggest Financial Epidemic That Needs a Cure

More than 11% of consumers across the nation are behind on their private student loan monthly payments. These borrowers have had their credit reports negatively affected, they’re getting illegally harassed by creditors on a daily basis, their balances keep rising due to late fees and interest, and thousands’ of students are even receiving lawsuits.

Over 90% of the private student loan lawsuits being issued wouldn’t hold up in court if the students only showed up to their court date. The problem is that most students who get sued skip their court date because they’re scared, automatically losing the case by default. If they would’ve only gone to court, the lawsuit could’ve been dismissed. Finally, enough students actually attended court, opening the eyes’ of enough judges where they are now seeing that there’s a national epidemic of illegal collection activity on private student loan debt.