The Law Office of Michael P. Forbes, P.C. Wins Case for Client Sued by Student Loan Debt Company
01/29/2014

Within the past week, the Law Office of Michael P. Forbes, P.C. has reached another case victory for a client who was being sued by National Collegiate Student Loan Trust, a company that purchases student loan debt.

Online PR News – 29-January-2014 – Philadelphia, PA – A company that goes by the name of National Collegiate Student Loan Trust has been suing individuals in Pennsylvania and in other states throughout the country for unpaid student loan debt. The Law Office of Michael P. Forbes, P.C. has been able to help many clients win their cases against this student loan debt acquirer, either through favorable court judgments or through case dismissals. One of the most recent of these case victories occurred just this past week. In this case, the law firm—which only serves clients in Pennsylvania, New Jersey and Delaware—was successful in showing that National Collegiate Student Loan Trust could not prove that it owned the loan, or even that it had sufficient account history. The law firm has also helped many other clients win their cases after being sued by the same student loan debt company.
Through its research, the Law Office of Michael P. Forbes found that National Collegiate Student Loan Trust is a Delaware-registered company that has business ties to another company named First Marblehead Corporation. In the lawsuits it filed, National Collegiate Student Loan Trust claimed to be the purchaser of the loans that were subject to litigation. In most of these cases, the company would sue both the student debtor and the guarantor, which would typically be a relative of the student. In these legal matters, the Trust is required to prove that it actually purchased the loan, and also that debt amount and the default date being claimed are accurate. While student loan lawsuits are usually very difficult to challenge, these matters tend to be different because they involve private student loans, which make them fall under the same category as credit card lawsuits.
Over the past eight months, numerous clients have hired the Law Office of Michael P. Forbes for representation in cases involving National Collegiate Student Loan Trust, with only a few of those cases actually reaching trial or arbitration. So far, the law firm has won every single one of these cases that it has handled or has succeeded in getting the complaint dismissed by the court.
In addition to challenging the Trust lawsuits due to a lack of proof of loan ownership or a lack of account documentation, the Law Office of Michael P. Forbes was also able to contest the allegations based on other grounds. For example, some lawsuits were filed beyond their statutes of limitations, or the period of time in which the owner of a loan is legally permitted to file a lawsuit after a loan default. The law firm also identified violations of the Fair Debt Collection Practices Act (FDCPA) in just about each of the National Collegiate Student Loan Trust lawsuits it handled. When these violations are discovered, the defendants can then countersue the Trust and potentially receive up to $1,000 in damages, and possibly even additional payment for attorney fees.
The Law Office of Michael P. Forbes is encouraging anyone who is being sued by National Collegiate Student Loan Trust to take immediate action and contact the law firm for legal assistance. Working with a skilled lawyer who has experience with these types of cases may be the key to a positive case result for the individual who is being sued.
At the Law Office of Michael P. Forbes, P.C., clients get to work with a Philadelphia debt collection defense lawyer who has more than 20 years of legal experience. In addition to student loan debt, the law firm also handles many other types of debt-related issues. For more information about the law firm, visit www.mforbeslaw.com.