Four lawsuits against two of my clients were dismissed last month after the National Collegiate Student Loan Trust (NCSLT) was unable to prove it was entitled to collect the private student loans my clients allegedly owed.
After filing motions to dismiss in each of the lawsuits I argued NCSLT had failed to prove how it was the “real party in interest” when the original loans had been with JPMorgan Chase.
What Did The Judge Propose?
The judges gave NCSLT three weeks to file documents showing how it had acquired the right to sue but it wasn’t able to do so.
NCSLT also failed to show how the debt it was alleging was due had been calculated.
If you’re facing collection from NCSLT or any other private student loan collector contact us immediately to discuss your defenses.