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Edelman Combs Latturner & Goodwin, LLC Edelman Combs Latturner & Goodwin, LLC
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Protecting the Rights of Consumers For Over 25 Years


Please contact Edelman Combs Latturner & Goodwin LLC if one of the National Collegiate Student Loan Trusts (“NCT”) is trying to collect a student loan from you in Illinois, whether by lawsuit or dunning you.

The servicer of the NCT loans, Transworld Systems, Inc. (formerly NCO Financial Services), was under federal investigation for its handling of these loans.

About 125 lawsuits per month are filed to collect NCT loans in Cook County alone, with more in other counties.

What to Know About NCT

  1. Under no circumstances should you allow NCT to get a judgment against you by failing to respond to a summons and complaint. NCT has obtained hundreds of judgments against people who did not bother to defend themselves even though they had valid defenses. If you fail to respond, they can get a default judgment against you and then garnish your non-exempt wages, seize your non-exempt assets and put liens on your real property.

  2. Do not agree to a judgment with an agreement that you will pay a small sum per month for six months or so. NCT tries to get people to agree to this. If you do this you have waived your right to dispute the debt and at the end of that period, the judgment can be enforced against your nonexempt assets and up to 15% of your wages. Judgments are enforceable for 20-27 years in Illinois and bear interest at 9%. Some of these agreements don’t even pay the interest on the judgment. Any agreement should completely resolve the debt, with a substantial discount.

  3. Don’t make the mistake of calling NCT or its attorneys or debt collectors before speaking to an attorney. We will review your documents and facts and consult with you without charge, and advise you whether we will take your case and what our fees will be.

  4. We believe that most NCT cases have serious problems with them, for a number of reasons. Often it cannot prove the amount due. Some suits appear to be filed beyond the statute of limitations.

Is NCT Suing You? Turn to a Chicago Student Loan Lawyer

As noted above, NCT loans are serviced by Transworld/ NCO Financial, an organization which has a long history of consent orders and government investigations and is currently under investigation by the Consumer Financial Protection Bureau; this casts doubt on the accuracy of any records it produces.

At Edelman Combs Latturner & Goodwin LLC, our student loan attorneys have decades of experience defending NCT cases and have also brought a number of affirmative claims challenging NCT’s collection practices. If you are currently being sued by NCT, or anticipate a lawsuit in the near future, please contact us online or call to schedule a free consultation. Se habla Español.

We have defended consumers throughout Northern Illinois.

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