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Hi folks, my name is Sergei Lemberg. I run the website, stopcollector.com
and the law firm of Lemberg & Associates, which specializes in helping
consumers deal with debt problems.
I wanna talk to you today about student loan debt collection.
Now, millions of young people are graduating college with thousand and thousands and
thousands of dollars in student loan debt.
In the last maybe 6 to 10 years, the Department of Education has hired debt
collection companies to collect that debt.
The debt collection companies are working for the Department of Education.
They are calling consumers, they're calling
co-signers, and they're collecting this debt on behalf of the federal government.
They get paid 25 cents for every dollar they collect. What you have
to know folks is that when the debt collectors involved,
the Fair Debt Collection Practices Act may protect you from harassment; from
abuse; misleading tactics; from a debt collector lying, cheating, or stealing from
you; from a debt collector intimidating used to pay the debt.
So don't assume that just because it's a federal debt,
that the loan is a federal student loan and that it's not dischargeable in
bankruptcy, doesn't mean you have to take it on the chain. Doesn't mean that the
young people have to accept the fact that they get called twenty times a day,
that they get harassed or abused or intimidated.
If you feel that any of these things are going on with you in the student loan
situation, don't sit back don't; don't take it on the chin. Give us a call to see if we
can help you deal with the student loan debt collection issues you're having. We
might be able not only to stop the harassment but also recover money from
the debt collector who is harassing you; up to a thousand bucks under the Fair Debt
Collection Practices Act.
So if you have an issue, give us a call!