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Michael's avatar

I beat a private student loan holder in court for something like $30,000. The loan had originally been with one of the big providers, but they later sold it off to basically a collection agency. That agency eventually sued me, and since I didn't have any money anyway, I decided to fight it in court rather than just submit.

Then I did standard discovery to ask for proof that I owed the Plaintiff the money. As it turns out, there was basically no paper trail of the loan origination, just a photocopy of a ledger that couldn't possibly be authenticated by the new note holder. Still, the collection agency Plaintiff persisted, until I threatened to counter-sue them for malicious prosecution after I beat them on the debt collection action. I still had to show up in court on the day of the trial, only to find out the Plaintiff had dismissed the case at close of business the night before.

So yeah, you can beat them.

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Sean's avatar

" Gray, essentially, was being sued by a tranche of student loan debt, a little like being sued by the coach section of an airline flight."

I've worked in finance my entire life and I can verify that that line is pure unmitigated genius.

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