National Collegiate Student Loan Trust

National Collegiate Student Loan Trust

Have you been sued by National Collegiate Student Loan Trust?

Who are they? 

National Collegiate Student Loan Trust (also sometimes referred to as “National Collegiate Trust” or simply “NCT”) is a company that purchases defaulted student loan debt from various banks so that they can turn around and sue the borrower.

Are they legitimate? 

Like many debt-buying companies that primarily purchase debt in order to turn around and sue consumers to collect payment, they are certainly subject to scrutiny.  Sometimes they can produce documentation required to obtain a judgment, sometimes they cannot.  

If you have been served with a Summons and Complaint by National Collegiate Student Loan Trust, you should assume that it is a an actual lawsuit and take swift action to try and prevent a judgment from being entered against you.  

Simply ignoring a lawsuit because you don’t recognize the company that is suing you will not prevent the plaintiff from pursuing relief from the Court system.  And once a judgment has been entered, the law assumes that it is valid, thus allowing NCT and its attorneys to take lawful action to involuntarily collect payment from you (including wage garnishment, frozen bank accounts and liens on property).

How can we help? 

Our law firm battles National Collegiate Student Loan Trust on a routine basis and regularly obtains outstanding results for our clients.  We can ensure that the lawsuit is valid, fight to help save you money, establish manageable payment plans and even have default judgments vacated were appropriate.

Past cases we’ve handled:

National Collegiate Student Loan Trust 2006-4, a Delaware Statutory Trust v. Cordeiro, Index #13873/14
Our client was sued by National Collegiate Student Loan Trust and their attorney’s, Forster & Garbus, for $12,974.36, plus disbursements, for money allegedly borrowed pursuant to a student loan promissory note.  After being hired, Graham & Borgese filed a timely Answer to the lawsuit on Mrs. Cordeiro’s behalf and thereafter successfully negotiated a settlement for $7,750, payable in monthly installments of $75 (with no interest accrual during repayment) and no entry of judgment.

National Collegiate Master Student Loan Trust I, a Delaware Statutory Trust(s) v. Huey, Index #76982/14

National Collegiate Student Loan Trust 2003-1, a Delaware Statutory Trust(s) v. Huey, Index #76988/14

National Collegiate Student Loan Trust 2004-2, a Delaware Statutory Trust(s) v. Huey, Index #76984/14

National Collegiate Student Loan Trust 2005-2, a Delaware Statutory Trust(s) v. Huey, Index #76985/14
As is often the case, our client was simultaneously sued in four separate lawsuits totaling over $86,000, for defaulted student loans purchased by National Collegiate Student Loan Trust. Graham & Borgese filed four separate Answers on behalf of our client and after much effort, the lawsuits were settled for a total of $50,400, calling for payment (without further interest accrual) as follows:  $400 a month for 36 months, then $600 a month for the remaining 60 months.  Furthermore, no judgments were entered as part of the settlements.

National Collegiate Student Loan Trust 2006-1, >a Delaware Statutory Trust(s) v. Stevens, Index #46899/14

National Collegiate Student Loan Trust 2006-2, a Delaware Statutory Trust(s) v. Stevens, Index #46898/14

National Collegiate Student Loan Trust 2006-4, a Delaware Statutory Trust(s) v. Stevens, Index #46897/14
Upon receiving an Income Execution from the her county’s Sheriff’s office, our was retained to investigate three default judgments that had been entered against without her knowledge. Together, these three judgments totaled approximately $21,000, but our law firm was able to obtain a combined settlement of just $12,500, payable in monthly installments of $125, with no interest accrual. Furthermore, all three judgments were vacated as part of the settlements.

*Prior results do not guarantee a similar outcome.

Aren’t lawyers expensive? 

Our law firm only represents debtors and their debt-related issues. That means we understand that the people needing our help are usually dealing with financial difficulties that need assistance. That is why our consultations are free and we only charge a low flat rate for our services – i.e., no contingency fees.

When you consider that other law firms and debt settlement companies often charge very large flat fees and then contingent rates, it becomes abundantly clear that our law firm is the best fit for your budget and debt settlement goals.


If you need help dealing with NCT contact our firm today for a free consultation.  Our lawyers will take the time to listen to your concerns and explain your options.