Colorado woman fights student loan debt as some might get forgiven


TO THE RESIST — THE RESIST DEVOS RALLY DEVOS IS ALSO COMING UNDER FIRE FOR TWEETS SHE HAS MADE TO THE STUDENT LOAN DEPARTMENT THAT HER BROKEN OVERSEAS

AND PAYING DOWN THOSE STUDENT LOANS, WE KNOW IT CAN BE A BURDEN >> BUT THERE MAY BE A BREAK FOR SOME OF YOU SOME COURTS ARE TOSSING LAWSUITS AGAINST STUDENTS DEFAULTING ON LOANS BECAUSE THE TRUST CAN PROVE THE PAPERWORK OR THAT THEY ARE OWED THE MONEY BUT THERE ARE CATCHES >> DENVER7'S LANCE HERNANDEZ IS ON THE AURARIA CAMPUS

MORE THAN 1600 LAWSUITS HAVE BEEN FILED IN COLORADO >> Reporter: WITH HUNDREDS OF OUTCOMES I SPOKE TO AN ATTORNEY WHO SAID THERE IS NO GUARANTEE THAT A JUDGE IN COLORADO WILL TOSS THOSE LAWSUITS HE SAYS THAT THE LAWS VARY FROM STATE TO STATE AND JUDGES LOOK AT THINGS DIFFERENTLY >> I REACHED A POINT IN MY LIFE WITH MEDICAL BILLS THAT I HAD TO FILE BANKRUPTCY IN 2012 >> Reporter: KRISTI LEVI IS THE HEROINE OF A KRISTI — DAVID AND GOLIATH STORY, SHE TOOK OUT LOANS AND 6 YEARS LATER FILED FOR BANKRUPTCY

SHE HAD ONE DEFAULTED PAYMENT, THEN THEY DEMANDED PAYMENT >> EXTREMELY AGGRESSIVE I GOT CALLS DAY AND NIGHT, ALL THE TIME >> Reporter: THEY SOLD HER CREDIT TO TRANSWORLD SYSTEMS >> I HAD AN ATTORNEY SAYING, YOU OWE THIS TO US AND WE ARE GOING TO SUE YOU IF YOU DON'T PAY

AND I WAS LIKE, SO, SUE ME >> Reporter: SHE REPRESENTED HERSELF SHE HAS EXPERIENCE AS A PARALEGAL HER CLAIM? THE LOANS WERE NOT AN EDUCATIONAL BENEFIT THE DOCUMENTS STATUS, THIS IS A CONSUMER CREDIT TRANSACTION, AND COULD BE ADDED TO HER BANKRUPTCY CASE

NOW, NATIONAL COLLEGIATE STUDENT LOAN TRUST HAS TAKEN OVER THE PORTFOLIO LEVI SAYS SHE ASKED FOR PAPERWORK PROVING THEY OWNED HER — BUT THEY CANNOT PROVIDE THE PAPERWORK SHE DECIDED TO SETTLE >> FOR ME, IT WAS EITHER I SETTLE OR TAKE THE RISK OF GOING TO TRIAL AND I EITHER OWE EVERYTHING, OR I OWE NOTHING AND FOR ME, THAT RISK JUST WAS NOT WORTH IT AT THIS POINT

>> Reporter: NOW, SHE COULD NOT DISCUSS THE SETTLEMENT THE ATTORNEY THAT I SPOKE WITH, SAYS, IF YOU AGGRESSIVELY DEFEND CASES LIKE THAT, THERE'S A GOOD CHANCE YOU WILL END UP WITH A BETTER SETTLEMENT REPORTING IN DENVER, LANCE HERNANDEZ, DENVER7 >> HERE ARE THINGS TO CONSIDER FIGURE OUT IF IT IS A FEDERAL OR PRIVATE LOAN

IF YOU AREN'T IN DEFAULT, YOU MIGHT QUALIFY FOR DEFERMENT YOU WILL STILL HAVE TO PAY BUT WILL HAVE TIME TO COME UP WITH A GAME PLAN

Source: Youtube


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AJ

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