We help people who need student loan help or bankruptcy in Colorado. Since 2006 we have helped thousands of people better understand and solve their federal and private student loan problems.
Solutions Related to Private Loans
SERVICES I PROVIDE:
Communicate with Lender, Servicer(s) or Collector About Repayment
Pre-Litigation Debt Settlement Negotiation & litigation Defense
Lawsuit Defense - help if you are being sued
Pre-Answer Settlement Negotiation
Litigation with Answer and Settlement Negotiation Prior to Discovery
Litigation through Discovery and Settlement Negotiation
Litigation through Motion for Summary Judgment [MSJ], MSJ Response, & Settlement Negotiation
Trial including pre-trial conferences, pre-trial preparation & trial
Post-Judgment Debt Negotiation
ID Theft/Forgery/Unauthorized Signature
We can help but proving this can be difficult , especially if suspected forger is a family member. We can tell you the options available and steps you need to take to get the best solution possible.
Co-signer Issues [99 % of Federal loans do not have co-signers]
We can help both the borrower and the co-signer with payment, default, releases or just the co-signer left with a non-paying borrower — child, spouse, ex-spouse, friend, former mother-in-law or anyone who asked you to sign a private student loan and is not paying, has defaulted or just disappeared..
If you are a borrower who cannot make payments, I can explain how a chapter 13 bankruptcy has an “auto-stay” that protects your co-signer from collection while you are in a 3-5 year chapter 13.
STRATEGIC DEFAULT
If you simply cannot pay on your private student loans [as borrower or co-signer] we can discuss what to do and what to expect if your only solution is to let the loans go into default & collections.
DETAILED HISTORY OF SALLIE MAE, WHICH STILL OWNS PRIVATE STUDENT LOANS, BUT SPUN OFF NAVIENT IN 2014
www.theedadvocate.org/who-took-over-sallie-mae-loans-a-comprehensive-analysis/
WHY NAVIENT OWNS PRIVATE STUDENT LOANS, BUT AS OF 2024 NO LONGER SERVICES THEM
CFPB bans Navient from federal student loan servicing:
consumer financial protection bureau 09/12/2024
Good Afternoon,
We wanted to reach out to share recent news about the proposed order CFPB filed against Student Loan Servicer, Navient. Over the years we’ve heard from many of you and the consumers you serve through our listening sessions and through our complaint portal about issues with Navient. The CFPB’s investigation of Navient kicked off a series of efforts by state and federal agencies to examine forbearance steering and other breakdowns in the income-driven repayment program. Those efforts have resulted in more than $50 billion in debt relief for more than 1 million borrowers who were wrongly steered into forbearance, as well as those who had payments miscounted.
The proposed order, if entered by the court, will largely remove Navient from the federal student loan market by banning it from servicing Direct Loans and servicing or acquiring Federal Family Loan Program loans. The order will also require Navient to pay $120 million in consumer redress and penalties.
Importantly, we want to call your attention to the fact that the CFPB will mail checks to consumers who are eligible to obtain redress under the settlement. Consumers do not need to do anything to obtain redress and should be aware of scammers that may try to use CFPB employees’ names and imagery to try to steal money or private information. The CFPB will never require consumers to pay money to obtain redress, nor will we ask for additional information before consumers can cash a redress check that we’ve issued.
If you have any questions about this proposed order or other CFPB related student loan work, please do not hesitate to reach out.
Thank you,
Students and Young Consumers
Consumer Financial Protection Bureau
CFPB bans Navient from federal student loan servicing and orders the company to pay $120 million for wide-ranging student lending failures
Today, the CFPB filed a proposed order against the student loan servicer Navient for its years of failures and lawbreaking. If entered by the court, the proposed order would permanently ban the company from servicing federal Direct Loans and would forbid the company from directly servicing or acquiring most loans under the Federal Family Education Loan Program.
These bans would largely remove Navient from a market where it, among other illegal actions, steered numerous student loan borrowers into costly repayment options. Navient also illegally deprived student borrowers of opportunities to enroll in more affordable income-driven repayment plans and forced them to pay much more than they should have.
Under the terms of the order, Navient would have to pay a $20 million penalty and provide $100 million in redress for harmed borrowers.