Musings on the U.S. Bankruptcy System and its Impact on Consumers
Unlike federal student loans, private student loans have a statute of limitation. Some student lenders attempt to extend the statute of limitation to as long as 20 years by inserting language in student loan contract claiming it is one being executed under seal. A contract under seal is an arcane concept derived from colonial times …
Student loan debt in the United State has risen to $1.6 trillion dollars, second only to mortgages as the highest category of consumer debt in the United States. While new loans account for some of the increase, that’s only part of the story. One of the more obscure reasons for the explosion of student loan …
One of the more notorious private student loan businesses in America is National Collegiate Trust. National Collegiate Trust is an organization that specializes in the collection of private student loan debt in New Hampshire, Massachusetts and elsewhere. Since your loan is one of thousands of student loans transferred multiple times, this can create a real …