My name is Dan Gomez, I’m a debt relief attorney based out of San Diego California. Despite the negative oppresses received over the past several years, student loan giant Navin has essentially told its borrowers that it doesn’t have the best interest in mind, because their debt collectors.
This revelation came out in a recent court filing in, which Navinet is seeking to have a multi-billion dollar lawsuit filed by the government dismissed. Intervation and dismiss, Navinet and boldly stated that there’s no expectation of the servicer will act in the best interest of the consumer.
First you should know the players involved. Navinet is a spin-off of Sallie Mae, you should consider them to be the loan servicer for any food loans that you took outlet Sallie Mae to attend college. At the collection arm on these student loans, they have long touted their desire to help its borrowers manage that are sometimes overwhelming student loan debt.
Among other things, the Consumer Financial Protection Bureau—the CFPB is charged with acting as a consumer watchdog to ensure that creditors aren’t taking advantage or acting illegally in the collection of debt. It’s part of the CFPB’s responsibilities, it filed suit against Navinet and Pennsylvania federal court, alleging that Navinet is skirting its fiduciary responsibilities to its borrowers.
Finally, there are the Sigma loan borrowers, there are over 44 million out there and one in four borrower’s is in default or struggling to make payments. So where do these struggling borrowers turn for help? I even suggested that while appearing on a local news segment this past year, it makes sense.
If you’re struggling to pay back debt and have become so overwhelmed, you can’t make any payments any longer, you should contact your loan servicer, they know the options available to you under the various retailer plan set up by the Department of Education. But Navinet is singing a different tune, they claim that the expectations of the CFPB are unreasonable and they can’t be tasked with assisting their borrowers when their main function is collection.
They claim that it is much easier and less costly to push mowers and support variances and to have them apply for an income-driven repayment, claims the fact of the matter is that it is cheaper Phanatic to do this and takes them less time. But forbearances may not be in the borrower’s best interest, especially if they could afford a lower pet monthly payment based on their income and eventually realize the benefit of loan forgiveness programs available to them.
Hogwash says navient apparently can be burdened with helping its borrowers, they’re in the business of making money. They may have towards their customers, so what is the scare borrower to do turn? To Google for answers, search engines. There may be a popular method to help diagnose medical issues and get free legal advice.
But be careful what you pay for it, may be in your best interest to speak with a professional that has experience dealing with these giants like navient student-loan practice. I’ve gone head-to-head with navient great legs, said loan servicing and Nelnet. I know there’s scare tactics, I know the options that are truly available to you and I know how to negotiate with them.
If you are one of the millions of borrowers out there, struggling to make your monthly payments or find yourself a default. I would encourage you to contact me for free student loan debt consultation. I can review your particular circumstances, help you determine the best options to handle your student loan debt. You could do this on your own for free, but Navin has straight-up acknowledged that they don’t have your best interest in mind as an attorney.
It’s by ethical obligation to act in your best interests, maybe it’s about time to give nabbing the middle finger back. If you enjoyed this video, be sure to hit the like button and subscribe and if you know somebody that needs a little help getting out of debt, be sure to share this video with them for free, consultations at GomezLawFirm.com.