Скачать или смотреть Private Student Loan Default

How can bankruptcy help you deal with delinquent or defaulted private student loans?

Private student loan debt presents huge problems to borrowers. Unlike government (Department of Education) student loans, there are no income based repayment plans available for private student loans. There are no default cure options built into the law or loan forgiveness options either.

If you fall behind on your private student loan account, you will be subject to debt collection harassment, lawsuits, wage garnishments and bank account levy. And, with very limited exception, you cannot wipe out private student loans in bankruptcy.

As I discuss in this video, you don’t have many options to solve your private student loan default problems but there are a few powerful tools available to you which can delay collection and in some cases wipe out your private student loan debt using a statute of limitations argument. In many cases, personal bankruptcy can be part of that solution by delaying for years all collection activity by the lender or its collection agency.

You can help yourself by taking a proactive approach to your private student loan problem. Don’t wait until you are sued or until your bank account has been emptied before seeking legal advice.

Ginsberg Law Offices is an experienced law firm personal debt relief agency in Atlanta, Georgia with the experience and know how to advise you. If you are an Atlanta area resident struggling with private student loan debt, call us today at 770-393-4985.

Jonathan Ginsberg
Ginsberg Law Offices
770-393-4985