Are You Being Threatened With Legal Action On Private Student Loans?

//Are You Being Threatened With Legal Action On Private Student Loans?

Sheryl S

Sheryl believes education should be designed to advance someones skill-set without being burdened with large amounts of debt.She writes on the topic of education and the impact it has on our society.She has been writing for Challengestudentdebt.com for a little over a year.

If you’re facing legal action due to outstanding private student loans, it might serve as some small comfort to know that you’re not alone.  Thanks to the current state of the private student loan industry, a good number of students who took out loans in order to go to school are now finding that the reward for all the hard work they put in is life under a cloud of harassing bill collectors and the constant threat of a costly lawsuit by a collection agency.

Because they know that their clients are in no position to fight back, many private lending firms are all too willing to take them to court as a means to collect whatever they can, fully aware of the fact that their actions will leave the person completely destitute and with no way to make a living.  It has become increasingly clear over the past several years that the laws governing the student loan industry are heavily stacked against the students and are designed to give the lenders an alarming level of power over them.

In one case, a graduate who filed for bankruptcy specifically for the purpose of focusing all of their energy on repaying their student loans was horrified to discover that the filing resulted in their private loans automatically going into default and becoming due in full.  Their loan was sold to a pair of collection agencies and their monthly payments tripled, which canceled out any relief that they found from their bankruptcy.  Worse yet, they were routinely threatened by one of the agencies with legal action to garnish 50% of their wages.  This type of situation is precisely the reason that the student loan industry is in such dire need of a major overhaul by the federal government.

Too many former students are being forced to work two or three jobs just so that they can make the minimum payment on their student loans and avoid legal action that could very well destroy their financial reputation for years to come.  The fear and financial strain that they are living under creates undue stress and hardship and makes it impossible for them to live normally or save for their future.  It simply isn’t healthy for any society’s future when an entire generation of college graduates feels as though getting their degree was the worst financial decision they ever made, and they are 100% right.

If you feel you were defrauded by the school you attended or you are being treated poorly as a distressed borrower by your creditors, take the free challenge debt review to find out what options you have regarding your student loans.

  • Sheryl S

    Sheryl believes education should be designed to advance someones skill-set without being burdened with large amounts of debt.She writes on the topic of education and the impact it has on our society.She has been writing for Challengestudentdebt.com for a little over a year.

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  • Sheryl S

    Sheryl believes education should be designed to advance someones skill-set without being burdened with large amounts of debt.She writes on the topic of education and the impact it has on our society.She has been writing for Challengestudentdebt.com for a little over a year.

    Meet Attorney Binh Bui

    Binh Bui Private Student Loan Hardship Program
    Attorney Binh Bui, is an active member of the California Bar and has been involved in developing and managing debt relief programs for over ten years.  Over the past three years he saw that many individuals struggling with their monthly payments on their Private Student Loans were not being provided many relief options by their creditors and had very limited options for help.

    Because of this, he developed a Private Student Loan Relief Program for individuals going through financial hardship, creditor harassment and legal threats.  The program works to get individuals who qualify a significant reduction in debt, interest and payments.

    *the program developed by Binh Bui is managed by a company and is not a law firm.  Binh Bui is involved in that company

  • Sheryl S

    Sheryl believes education should be designed to advance someones skill-set without being burdened with large amounts of debt.She writes on the topic of education and the impact it has on our society.She has been writing for Challengestudentdebt.com for a little over a year.

    Find Out If You Qualify For Hardship Relief Based On Education Fraud

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    By entering phone number you’re acknowledging that you will receive communication from Challenge Student debt regarding your student loan options via text and phone. Your information will not be passed or sold to any 3rd parties

  • Sheryl S

    Sheryl believes education should be designed to advance someones skill-set without being burdened with large amounts of debt.She writes on the topic of education and the impact it has on our society.She has been writing for Challengestudentdebt.com for a little over a year.

    Find Out If You Qualify For Hardship Relief On Your Private Loans

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    By entering phone number you’re acknowledging that you will receive communication from Challenge Student debt regarding your student loan options via text and phone. Your information will not be passed or sold to any 3rd parties

  • Sheryl S

    Sheryl believes education should be designed to advance someones skill-set without being burdened with large amounts of debt.She writes on the topic of education and the impact it has on our society.She has been writing for Challengestudentdebt.com for a little over a year.

    Find Out If You Qualify For Relief Programs

    Get Started With A Review Now!

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    Prefer Phone Review? Call Now: 855-980-6818

    By entering phone number you’re acknowledging that you will receive communication from Challenge Student debt regarding your student loan options via text and phone. Your information will not be passed or sold to any 3rd parties

  • Sheryl S

    Sheryl believes education should be designed to advance someones skill-set without being burdened with large amounts of debt.She writes on the topic of education and the impact it has on our society.She has been writing for Challengestudentdebt.com for a little over a year.

    Find Out If You Qualify For Hardship Relief On Your Private Loans

    Get Started With A Review Via Text Now!

    Name, Phone, Zip
    Sending

    Prefer Phone Review? Call Now: 855-980-6818

    By entering phone number you’re acknowledging that you will receive communication from Challenge Student debt regarding your student loan options via text and phone. Your information will not be passed or sold to any 3rd parties

  • Sheryl S

    Sheryl believes education should be designed to advance someones skill-set without being burdened with large amounts of debt.She writes on the topic of education and the impact it has on our society.She has been writing for Challengestudentdebt.com for a little over a year.

    Find Out If You Qualify For Hardship Relief Based On Education Fraud

    Get Started With A Review Via Text Now!

    Name, Phone, Zip
    Sending

    Prefer Phone Review? Call Now: 866-605-7167

    By entering phone number you’re acknowledging that you will receive communication from Challenge Student debt regarding your student loan options via text and phone. Your information will not be passed or sold to any 3rd parties

  • Sheryl S

    Sheryl believes education should be designed to advance someones skill-set without being burdened with large amounts of debt.She writes on the topic of education and the impact it has on our society.She has been writing for Challengestudentdebt.com for a little over a year.

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