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Thursday, November 19, 2015

Lenders taking more borrowers to court over student loans

http://www.sfgate.com/nation/article/Lenders-taking-more-borrowers-to-court-over-6641834.php

Fall behind on your student loans these days and you could end up getting more than hectoring phone calls and threatening letters. Some lenders are taking more people to court, attorneys say.
The number of lawsuits filed over delinquent student loans that were made by private lenders has increased significantly in the past two years, lawyers said, even though borrowers are missing payments much less often than they did during the height of the recession.
While no one tracks exactly how many such lawsuits are brought, a review of court websites in several states found several thousand, an overwhelming number of them filed since 2013.


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