Need A Debt Consolidation Loan? Look No Further.

Dear Reader, of late American Debt Enders has received a number of inquiries from consumers looking to obtain a Debt Consolidation Loan to relieve their personal cash flow problem. As a result we have responded to meet this need. We … Continue reading

American Debt Enders Says: Exactly What Is Debt Invalidation, Part 2

As the title says this article has a part one, which if you have not yet read, we strongly suggest you do so. In part one we discussed the legal basis for this process. We will begin this article on … Continue reading

American Debt Enders Answers What Is The Debt Invalidation Process?

This is part one of a two part article explaining exactly what debt invalidation is. The above question is a popular inquiry on Google and all other search engines. So time to really delve into it. Their may be some … Continue reading

Private Student Loans and Debt Invalidation Help

If you are struggling with private student loans there is excellent help available. Because of the way in which the private student loan business operates, their is more than one way to approach a debt relief solution for them. We … Continue reading

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One Form Of Private Student Loan Relief -American Debt Enders

There are two types of student loans. One is a Federal Student Loan
which is given by the Department of Education, also known as the DOE.
But because those funds are limited, many students supplement the
need for additional money for their education by taking out Private

Student Loans. The approach to dealing with problems should they arise
are completely different.

Private student loans originate from banks you most likely have heard of. Banks such as Chase, Bank of America etc. So the bank that actually makes the loan to you is called an originator. Shortly after making you the loan, the
bank transfers the loan to an entity called National Collegiate Funding, LLC.
This is similar to when you default on your credit card payments and the bank sells the debt to a debt collector. However, the big difference is that
the transfer of the student loan is not dependent on whether or not you default.

So, National Student Loan Trust, LLC does not service your loan or collect the payments you make. They simply hold the loan until it is transferred into a trust. But who collects the money? I mean who came up with ths convoluted means of handling money anyway? And, do they know the meaning of the word simplicity? . So by now, who actually owns the loan?

The owner is the Trust, again National Collegiate Trust, LLC. Yes, there are many National Collegiate Trust’s that exist and hold these loans. The loans are bundled together as financial instruments. These instruments are then sold to investors in the form of bonds and pay a return to them.

It is very difficult to say who actually owns your loan, in other words which of the many trusts actually gets the money. This ultimately works in your favor should you run into trouble keeping up with the payments.
If you go into default on your private student loans the creditor, and this applies to all unsecured debts, must be able to prove, among other things,
a- That you actually took out the loan.
b- That the entity suing you actually owns the loan and has the legal right to sue you.
c- That the amount of money they say you owe is in fact correct.

There is far more involved in challenging the collect ability of the debt.
What I am showing you is that rather than rolling over and playing dead if you are sued or run into trouble keeping up with the payments is that there is help available.

American Debt Enders offers an outstanding program to help you get debt relief from these loans should you need it. The program works in much the same way as our debt settlement program which forces the holder of the debt, supposedly, to prove that they even have a right to sue you and much more. This process is called debt validation, and simply applies the many consumer laws designed to protect you, the consumer, and while this is going on, places money in an escrow account so that should a settlement need to be made the funds will be available to make the lowest settlement possible, on your behalf. This is a very powerful combination approach that is very effective.

To qualify for this private student loan relief program, consumers must have a minimum of 7500.00 dollars of student loan debt, and be able to afford 1% of the debt amount as a monthly payment. In other words if the debt amount is 7500.00 dollars, the consumer must be able to afford 75.00 per month.

So, please, if you are burdened by private student loan debt, suffer no more. After all, the purpose of your education was to improve your situation, not make it worse. Feel free to call us or visit the American Debt Enders website to contact us for help. We have counselors who specialize in this program and would be more than happy to speak to you about helping to resolve your debt problem.
Yours Truly

Steven Ciantro
Help@americandebtenders.com
Consumer Advocate
American Debt Enders
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