If yes, then you may be in a position to get the case dismissed, according to a recent news article in the New York Times. The article states that National Collegiate Student Loan Trusts, or NCSLT, can’t find the paperwork for tens of thousands of debts which show that the account had been assigned to NCSLT. The missing documents prevent NCSLT from proving to the court that it is the current holder of the account and that loan is owed to it.
According to the news article, “National Collegiate’s lawyers warned in a recent legal filing, ‘As news of the servicing issues and the trusts’ inability to produce the documents needed to foreclose on loans spreads, the likelihood of more defaults rises.’ ” What that means to you the debtor is that you may want to take a stand against NCSLT’s lawsuit to make them either prove the debt is owed to it, or get the case dismissed.
NCSLT sues in the name of its trusts with names like National Collegiate Student Loan Trust 2007-2, or National Collegiate Student Loan Trust 2006-1. NCSLT has filed hundreds of cases in Arizona over the past six years.
You may also have other defenses to the lawsuit, including statute of limitations, school fraud, wrong venue, etc.
For a consultation about your NCSLT case, give BYBEE LAW CENTER, PLC a call at (480) 756-8822 to set up an appointment to review your individual situation.
Bybee Law Center, PLC (480) 756-8822
3 steps to take when being harassed or bothered by debt collectors. Debt credit Attorney Floyd Bybee specializing in Identity theft, collection harassment, and bankruptcy.
