Help with Student Loans for Raleigh, NC and NC Residents!
Got student loans? Not everything you think is a “student loan” actually is, and that means some loans might be wiped out in bankruptcy! But most student loans can’t be erased unless you show “substantial hardship.” This means you can’t afford to pay the loan and still have a basic standard of living. It’s tough, but not impossible.
Options for Student Loans
Student loans are contracts, just like any other agreement. If there’s fraud involved or your school closed before you finished, you might have a case! Challenges can be raised in a Chapter 13 bankruptcy, where a judge will decide your options.
Tracking Student Loans
Student loans can get confusing fast! By the time you graduate, your loan may have been sold or transferred multiple times. It can feel like playing a game just trying to figure out who holds your loan and where to send payments. And with each lender, your balance might change—usually going up!
Fighting Back on Unfair Charges
Lenders are known for bad record-keeping, and after multiple transfers, it can be hard to know exactly what you owe. In a Chapter 13 bankruptcy, you can challenge the loan, and the lender has to prove to the court what you really owe, including any extra charges.
Wage Garnishment for Student Loans
If you can’t pay your student loans, lenders can take up to 10% of your paycheck to repay the debt. They can even take your tax refund! But bankruptcy could give you a way to fight back and get some control over your payments.
Let Cameron Bankruptcy Law help you understand your options and protect your rights!
