In the event that you have been sued, you’ll need to keep these strategies in mind:
- Raise defenses. Raising a defense will often times result in the collector dropping the case. It’s much more productive to respond to the lawsuit against you than starting your own at a later time.
- Analyze your case and what could potentially happen if the judgment is against you.
- If you are in the military, understand your special rights.
Some common defenses for student loan collection lawsuits include:
- If it is a private student loan, that the creditor has waited too long to sue you.
- That the creditor is collecting more than you agreed to pay.
- That the debt is not owed or that you are current on your payments.
Have you been sued by a student loan lender? Call Jeff First today for a consultation to analyze your options.
