Navient Lawsuit Supporters accept that in an unregulated industry there are “loan sharks”
Navient Lawsuit Supporters accept that in an unregulated industry there are “loan sharks” yet as an entire the industry is self regulated and is really quite concerned with not exploiting injured plaintiffs . to say such is like “throwing the baby out with the bathtub water” because the old adage goes and supporters state “lawsuit loans provide a never before window of opportunity, a window where a plaintiff whose trying to survive vexatious insurance delays now has the power to survive”.
One supporter interviewed states, “When opponents blanket lawsuit loans with emotional words like “exploitatious or illegal” they are doing so due to a significant lack of information”. actually it appears an equivalent misinformation about what lawsuit loans are and the way they afford the plaintiff and their attorney with the needed time to fight the litigation process is what opponents fail to assess before making assumptions. and therefore the debate continues….
Now while each side agree that exploiting hardship is nothing new, and is never limited to the lawsuit loan industry, the industry havs its justifiable share of opposition. Despite well meaning intentions of opponents what are the facts about lawsuit loans and the way do these facts affect your decision and opportunity to get a lawsuit loan if you needed such? Consider the facts, then make an informed decision.
Do I qualify for a Navient Loan Forgiveness or Discharge?
The good news is, Navient’s request to dismiss the lawsuits which are pointed against them was denied. The Navient Corporation was claiming that States cannot control their business operations hoping to reject Navient lawsuit. What does that mean then? Well, it boosts the probability that Navient will eventually be forced to provide immense payouts to its harmed borrowers so you can get loan forgiveness. This indicates and makes clear that student loan servicers aren’t immune to the laws of the state and must be held accountable for their wrongdoings.
This is an outstanding piece of news which means we are going on the right path to receiving loan forgiveness. However, there is a small problem. The Education Department doesn’t accept Borrower’s Defense to Repayment Discharge applications which are against Student Loan Servicing Companies. It means the optimal way to get Navient loan forgiveness by pursuing a case against them is no longer an option. What you can do is to apply one against your school.