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Michigan National Collegiate Student Loan Trust lawsuits

Michigan National Collegiate Student Loan Trust lawsuits

Michigan National Collegiate Student Loan Trust lawsuits

Do you need an attorney to help with a Michigan National Collegiate Student Loan Trust lawsuits? We can Help.

Are you being sued by National Collegiate Trust or Shermeta law group of Rochester / Troy Michigan for past due student loans? If so, you are not alone. Michigan National Collegiate Student Loan Trust lawsuits have become increasingly common as National Collegiate Trust has been aggressively pursuing delinquent student loans from many former students in the State of Michigan.

National Collegiate Student Loan Trust is a Delaware Trust that holds private student loans guaranteed by TERI not the federal government. National Collegiate Trust purchases these private loans from the original lenders. National Collegiate Student Loan Trust Is not the originator of the loan but rather they have purchased the loan from your lender. The originators are well known banks, among others:

  • JPMorgan Chase Bank, N.A.
  • Charter One Bank, N.A.
  • Bank of America, N.A.
  • RBS Citizens, N.A.
  • Union Federal Savings Bank

These loans were structured with the assistance of the First Marblehead Corporation. The First Marblehead Corporation is an education loan finance company that  owns TERI. The Education Resources Institute, Inc. (TERI), is a nonprofit organization that claims to be the largest private student loan guarantor in the US.

They expect that you will not do anything if you are sued by them. If you do not act on this lawsuit, a default judgment will likely be issued against you and you will most likely owe the full amount. National Collegiate Trust will try to collect the judgment against you through garnishing your bank accounts, wages, tax refunds, even through property liens and/or seizures.

To avoid Judgments, garnishments, seizures, and other collection activities, contact the attorneys at Garmo & Kiste, PLC at (248) 398-7100 for a free consultation or send us a private message so that we may take action as soon as possible.

If you have questions about Michigan National Collegiate Student Loan Trust lawsuits, or you are being contacted in regards to paying a student loan by National Collegiate Student Loan Trust or Shermeta law group of Rochester / Troy Michigan please contact Garmo & Kiste, PLC at (248) 398-7100 for a free consultation or contact us with a private message.

If National Collegiate Trust or Shermeta law group of Rochester / Troy Michigan is taking legal action against you to collect the debt, you will need an attorney that can navigate the unique legal landscape of debt collection.  The legal process can be confusing and frustrating even when debt collectors conduct themselves legitimately.  The attorneys at Garmo & Kiste, PLC can do just that.  We regularly handle debt collections cases concerning National Collegiate Trust, Shermeta law group of Rochester / Troy Michigan, and other student loan debt collectors and have worked for debt collectors in the past.  This gives us a unique advantage because we understand both sides of litigation.

For more information about National Collegiate Trust or Shermeta law group of Rochester / Troy Michigan and Debt Collection Defense or to retain Garmo & Kiste, PLC, call us at (248) 398-7100 for a free consultation or contact us with a private message.

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