Student Loan Assistance Lawyer in El Paso, TX
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Student Loan Assistance Lawyer in El Paso, TX
You probably didn’t give your student debt much thought when you were in college. Now, though, it seems to be on your mind all the time. You are worried you can’t repay it and want to know your options. Contacting an El Paso student loan assistance lawyer is the first step in gaining control of your debt. If you are tired of debt controlling your life, reach out to the Ciment Law Firm today.
Benefits of Hiring a Student Loan Assistance Lawyer in El Paso
Hiring an El Paso, TX, student loan assistance lawyer is a wise choice if you’re drowning in debt. The Ciment Law Firm has represented countless Texans who were overwhelmed by their debt. When you hire a lawyer from the Ciment Law Firm, you can receive:
Options If You Default on a Federal Student Loan
The federal government can garnish your wages and take additional action if you default on your loans. Fortunately, you can get your loans back to their current status, even if the government has already started garnishing your wages. Once the loan is current, the garnishment will stop.
If you cannot pay your loans in full, choose between loan rehabilitation and loan consolidation. With loan rehabilitation, you will make payments based on how much you earn. Generally, the payment is 15 percent of your discretionary income. If you choose loan consolidation, you will consolidate all the loans into one affordable payment. Loan consolidation can get you out of default sooner. However, the default will remain on your credit report, while it will be removed if you go through loan rehabilitation.
Is Bankruptcy an Option?
If you are overwhelmed with student loan debt, you might be thinking about filing for bankruptcy. However, it is very challenging to discharge student loan debt through bankruptcy. You have to meet the undue hardship requirement to be eligible. That means that you cannot repay the loan and maintain a minimal standard of living. Instead of being a short-term problem, the hardship has to last for the majority of the loan. The court also must determine that you did your best to repay the loan before filing for bankruptcy. If you don’t meet these requirements, your student loan assistance lawyer in El Paso, TX, can go over with you the other options.
What to Do If Private Student Loans Go Into Collections?
Have you defaulted on your private student loans, and now, your debt is in collections? You are likely receiving calls from collection agencies, and you’re worried the case will go to court. An El Paso student loan assistance lawyer can negotiate with the debt holder to reduce the amount you owe. Private lenders and collection agencies are often open to settling the debt for less, and you improve your chances by having a skilled negotiator from the Ciment Law Firm handle the process for you.
Contact Our Student Loan Assistance Lawyer in El Paso, TX
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You deserve to work with an attorney you can count on to do everything in their power to win your case. Schedule a strategy session with our firm today to develop the strongest path forward.
Why Choose The Ciment Law Firm, PLLC?
- Free Consultation – Find out which debt resolution option is best for you during a free consultation.
- Positively Reviewed – Our firm has numerous positive reviews on Google, Avvo, and other websites.
- Options for All Needs – From bankruptcy protection to judgment lien releases and student loan assistance, our firm provides ample options to resolve your debts.
- Experience on Both Sides of the Field – Daniel Ciment started his career at a debt collection law firm and now protects those in debt. His experience on both sides allows him to find solutions for his clients.
- Compassionate and Transparent – Patient and knowledgeable, the team is available to answer all questions and explain the process so that clients can reach their desired outcome.
- Six Office Locations – Schedule your appointment at an office in Katy,
Real Clients, Real Testimonials
Cloud Title On Homestead
You must have a clear title when refinancing or selling a home, which is why an abstract of judgment is problematic. The judgment lien creates a title defect or a cloud on the title. This means that there is an unresolved issue that must be addressed before making any real estate transactions. Title companies enforce the lien as a way to protect themselves in case the home isn’t eligible for homestead exemption because it’s not your primary residence. If a title company allows the transaction to proceed and the property isn’t your homestead, it has to pay the judgment. Fortunately, a Texas judgment lien release lawyer can remedy this issue.
Getting A Full Release
In some instances, you have to get a full judgment lien release. This completely releases the judgment, so it isn’t attached to you or your property. There are normally two options for obtaining a full release. First, you can pay the judgment in full. If you don’t have the means to do that, your Texas judgment lien release attorney might be able to negotiate a settlement. If the creditor accepts the settlement, you will receive a full release once it’s paid. Without taking action, the judgment will remain valid for 10 years. It’s important to contact a judgment lien release attorney to go over your options if you need a full release.
Proof Of Homestead
Judgment creditors often require proof of homestead before signing a partial lien release. Your Texas judgment lien release attorney will help you provide the necessary documents. You might need to submit an affidavit that states that the property is your homestead. The creditor also might require a tax certificate that proves you’ve filed for homestead exemption. In addition, the creditor might ask for affidavits from others that state that the property is your homestead, and you live there. In some cases, the creditor can even require the escrow agent to examine the property to ensure it’s your homestead. Due to the complexity of proving homestead, it’s a good idea to get help from a Texas judgment lien release attorney.