Collections Law/Student Loans

Advertisement

Expert: - 7/20/2010


Question
Dept Educ, said I had a loan from 1978 but it didn't show up until after I consolidated they attached themselves.  I believe someone (family member) used my information to obtain the loan.  Therefore, I didn't know about it, however the $2000 loan is now $16,000 - $25,000 now.  

I heard that if you didn't know about the loan it could be reduced to the Original amount. I have tried to get fixed but to no avail

Answer
Dee,

If this is not your debt then have you tried filing a fraud or id affidavit? I would call the creditor and ask if they want you to use their identity theft forms or the one provided by the US at http://www.identitytheft.gov

Caution: Most of these forms will make you sign in front of a notary swearing the facts are true. It could be perjury if you lie on something you sign before the notary.

Chris Ebert
http://www.henleycreditlaw.com  

Collections Law

All Answers

Answers by Expert:

Ask Experts

Volunteer

Chris Ebert

Expertise

I can answer questions for Texas and California residents concerning issues that involve creditor and debtor rights. Specifically, I can answer questions concerning: FDCPA, FACTA, FCRA, and Texas / California state collections violations.

Experience

For the last 6 years I have worked as a Sr. Paralegal in a law firm (http://www.henleycreditlaw.com) that defends debtors against their creditors. I have reviewed thousands of credit reports and under the supervision of our attorney helped hundreds of client resolve their credit issues.

Organizations
Henley & Henley, PC

Education/Credentials
BBA University of Texas at Austin

©2012 About.com, a part of The New York Times Company. All rights reserved.