Student Loan Assistance Lawyer in Katy, TX
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Student Loan Assistance Lawyer in Katy, TX
You never dreamed you would leave college saddled with debt, but that’s what happened. Without student loans, you wouldn’t have managed to pay for school, but that’s little comfort when you spend your days and nights worrying about bills. You have options regarding your student loan debt, and the Ciment Law Firm can help. Instead of spending more time stressing about the money you owe, go over your options and call a student loan assistance lawyer in Katy, TX, for a consultation.
How a Katy, TX, Student Loan Assistance Lawyer Can Help You
You might think that you have to suffer from student loan debt, but help is available. Consider hiring a student loan assistance lawyer in Katy, TX, to:
How to Get Your Loans Current After a Default
While you might think that payment in full is the only option if you default on student loans, there are other choices as well. One such choice is loan rehabilitation. You can rehabilitate your loan by making nine on-time payments in 10 months. The payment amount is based on your income level. When you make the final payment, your loan will become current, and the lender will remove the default from your credit report.
Loan consolidation is another option. You can choose a loan servicer and then consolidate all of your debt, so you only have to make one monthly payment. Keep up with the monthly payment to keep your loans in good standing. On-time payments will help your credit score, but the default will stay on your report.
Choosing the right option if you’ve defaulted can be overwhelming if you try to figure it out yourself. Fortunately, you can get help from a Katy, TX, student loan assistance lawyer.
Bankruptcy and Federal Student Loans
If your federal student loans are in default, you might be considering bankruptcy. The court rarely discharges student loans in bankruptcy and never as part of the regular proceedings. You or your attorney must file an adversary proceeding, so the court can determine if you meet the bankruptcy requirements. The judge will review the evidence to see if paying your student loan debt makes it impossible for you to maintain a minimal standard of living, which is just above the poverty line. The hardship must be likely to persist through most of the loan. Also, regardless of how much of a hardship you face, you must have shown a reasonable effort to meet your obligation.
It might be hard to get approved for bankruptcy, but your Katy, TX, student loan assistance lawyer can help you explore other options.
What Happens if You Default on a Private Student Loan?
If you default on a private student loan, the lender will attempt to collect the debt. The lender will likely begin by calling you and sending mail, but the creditor might eventually file a lawsuit. Your Katy, TX, student loan assistance lawyer can reduce the likelihood of the case going to court. First, the lawyer will determine how much you can afford to pay. Then, your lawyer will contact the lender to negotiate a settlement.
Contact Our Student Loan Assistance Lawyer in Katy, 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.