Stop Student Loan Debt Collection Harassment.
“I defaulted on my Student Loans, now what?
When you fall behind on your student loans, you can take solace in that you are not alone. The student loan debt crisis in American is growing by the day. Student loan debt ranks second only to mortgages as the largest type of debt owed by Americans. The current student loan delinquency rate is just over 11%. Defaulted loans can result in long term consequences for your financial future. Many people ask how to get a student loan out of default?
Over 44 million Americans owe roughly $1.4 Trillion in student loans. This massive amount of debt has resulted in many debt collectors trying to get a piece of the action. While there are some collectors who collect student loans every day and follow the law, there are many collecotrs who cross the line in order to get more money and disregard the consumer’s rights when trying to get a payment on a student loan.
Student Loan Collection Methods: Federal vs. Private Loans
If your student loans are in default, it’s important to understand that there is a difference in what a collector can do based on if the loans are private loans or federal loans. For example, a school loan in default that is a federal loan can result in garnishment of your wages as soon as your loan is in default, but if it is a private loan then the lender must win a lawsuit against you before attempting to take a portion of your pay. Also, Social Security or other federal benefits can be affected, and a portion taken if the defaulted loans are federal loans, but not if they are private loans.
Debt Collection Harassment Examples
The Federal Debt Collection Protection Act, also known as the FDCPA, makes it illegal for a student loan debt collector to harass, oppress, or abuse anyone else they contact regarding the loan. If the debt collector engages in any of the following tactics, you may have a case:
Using profanity or abusive language
Calling you before 8:00 a.m. or after 9:00 p.m.
Calling you multiple times per week
Talking to others about your debt
Calling your workplace
Threatening to sue you, harm you, or destroy your credit
Telling you or anyone else that you’ve committed a crime
Calling repeatedly for the wrong person
Failing to notify you of your right to dispute the debt
Trying to collect more than legally allowed
Is Defaulting on a Student loan a serious issue.
Defaulted loans or defaulting on a
Can a debt collector garnish my wages?
Yes, a collector can garnish your wages on a Federal Student loan or if they obtain a judgment from the courts.
Can a debt collector sue me?
Yes, a collector can sue you so long as the debt is within the statute of limitations
Can deb t collector report my debt to the collection bureaus?
Yes, Debt collectors are allowed to place the collection account on your credit report
Can a debt collector arrest me?
Debt collectors don’t have the authority to have you arrested for a debt. However, if you violate a court order, e.g. an order to appear in court, the judge can issue a warrant for your arrest. Depending on the laws in your state, you may be arrested for certain debts like unpaid child support or traffic tickets.
Consumer Rights Law Firm, PLLC
is a law firm that specializes in helping clients who are facing harassment from debt collectors in any form, including telephone communication. Rather than suffer alone, contact our office to begin the process to stop the debt collecotr harassment. Our office has been assisting consumers since 2010. We have an A+ rating with the Better Business Bureau.
Consumer Rights Law Firm Better Business Bureau
If you are interested in learning more about how to safeguard yourself and prevent harassment from Transworld, Inc. call us at (877)700-5790
for immediate assistance or visit our website at www.consumerlawfirmcenter.com
“I would highly recommend the Consumer Rights Law Firm to anybody that has been harassed! They were very professional and straightforward about my rights”.
“I had the pleasure of dealing with Consumer Rights Law Firm PLLC on 2 different occasions the staff were very courteous and helpful, and they were familiar with the Collection Agency’s in question and the harassment calls stop, I was even compensated. I would recommend this company to anyone going thru this type of harassment a very satisfied customer”.
“Because of a lie from a third-party debt collector that threatened me financially I nearly made the mistake of paying the debt collector money I couldn’t afford. The people here were friendly, knowledgeable and settled my case quickly. THANK YOU SO MUCH!!”
Check out the links below for more information:
Massachusetts Attorney General
Free assistance to stop debt collection harassment. Please call us now at 877-700-5790. Stop the Calls!