National Collegiate Trust (NCT) wants your money!
You took out a private student loan with a bank years ago to pay for your education or your child's, but by the time you or your child graduated the loan amount was so big, and the payments so high, that you couldn't afford to make them! So you didn't, and you went into default!
In swoops National Collegiate Trust. They bought the loan from the bank so that they could sue you, because that's what they do. They buy debt at a discount, then collect at a profit! They hired a law firm that sued you, got a judgment against you, and now wants to use it to reach into your pocket for your money, making your life miserable with bank levies and wage garnishments!
Most people think that there's nothing they can do. They borrowed the money, they have to pay it back even though they can't afford to do so, and they can't wipe it out in bankruptcy! They just give up!
But that's only because they don't know NCT's secret!
This secret is so powerful that once known, it can be used as a shield that can repel their attacks, like bank levies, wage garnishments, or even the lawsuit itself! But it is also the worst kept secret that nobody seems to know about!
Luckily, I knew about it, and I revealed it last year to a reporter for the New York Times! That's right, I blew the whistle on them, but even then, most folks here in New Jersey still don't know about it! What's worse: Telling NCT that you know the secret could potentially make the whole claim go away!
Wait, what? A secret that if known can make a 5-figure+ loan go away? That can't be true!
I don't blame you for being skeptical; skepticism is good here. I'd be skeptical too if some lawyer I'd never heard of before told me on the Internet that he could make my student loan go away! It sounds too much like a late night TV Infomercial! But the secret is something simple and based on a legal technicality, and we all know what can happen with a legal technicality!
This legal technicality is a doozy, and one that NCT fought against tooth and nail because . . .
It prevents them from filing suit in New Jersey!
Yep, that's right! Under a little known state court rule, which I discovered during a long career as a collections attorney, they don't have the right to sue folks here in New Jersey to collect the defaulted student loans that they bought. It doesn't change the fact that you borrowed the money and are legally obligated to pay it back; but it does prevent them from enforcing that obligation!
But they already sued me and got a judgment. Isn't it too late?
Because NCT (and the lawyers they hire) know the secret and know that they lost the fight over the legal technicality, they are no longer bringing these lawsuits. But because lots of these suits were brought before the fight was lost, there are lots of judgments from unchallenged lawsuits that are on the books that they are still trying to collect, hoping no one discovers the secret. You might be thinking that it's too late to fight it.
That's the even better news! It may not be too late! I have been successful with other clients in getting NCT to back down and make the judgment go away, and I may also be able to do the same for you. The secret is just that powerful!
Act Now Before They Get Your Money!
Once they get some of your money, even knowing the secret may not be enough to get it back! Don't let that happen to you by waiting too long to call!
If you live here in New Jersey, have one of these judgments against you, and knowing about the secret, have decided that it is time to take action, then feel free to give my office a call at 856-432-4113 to schedule an appointment before NCT takes any (more) of your money!