Student loan debt has morphed into a plague that has menanced American students for decades now. More than $1.5 trillion is owed in student debt, and the average American with a college degree spends years paying their student loans off. The Statute of Limitations on private student debt serves as one of the most fundamental, long-standing, and indisputable legal rights available to debtors. Greg Fitzgerald, a partner at Fitzgerald & Campbell, APLC, has taken it upon himself to correct some wrong notions that are making the rounds in regards to the statute of limitations (SOL).
Fitzgerald & Campbell, APLC is a law firm that provides legal services to its clients fighting lawsuits related to Attorney Fee Debt, Auto Related Debt, Bankruptcy, Business Debt, Collection Harassment, Collection Lawsuits, Credit Card Debt, Debt Settlement, Judgments, Medical Debt, Insurance Company Claims/Lawsuits, and Payday/Cash Advance Debt amongst others.
Greg Fitzgerald recently spotted an article that seemed to deliberately spread misinformation about the statute of limitations on student loans. The publisher, a well-known lender that refinances student loans, implied that private student loans are not subject to statutes of limitation. In the publication, the lender said, “Some debts, like student loans, are exempt from the statute of limitations on debt.” Greg stands against this declaration and wants the public to know that this is wrong. “Some lenders apparently want private student loan debtors to think there is no limit on the time they can be sued. Nobody should fall for that,” Greg revealed. “I also advise not asking any lender what the SOL is as they suggest. That’s like the chicken asking the wolf when dinner time is,” he added.
Greg detests these fallacies and is hell-bent on calling them out by reiterating that private student loan debt-collectors can be time-barred from suing debtors in court to collect. Greg described the statements made in the publication as “preposterous, reckless and potentially deceptive.”
Refuting these claims is part of Fitzgerald & Campbell, APLC’s work of educating and informing the public about their legal rights when it comes to loans, debts and everything in between. Greg Fitzgerald is particularly fixated on making sure people know that there is a statute of limitations on private student loan debt.
In a world where financial freedom sounds like a myth to many, Greg Fitzgerald believes no one should live with the overwhelming burden of years of student loan debt. There are legal routes to protect debtors, and he’s more than happy to point people in the right direction should they seek protection from lenders out for blood. The firm operates in California and has saved many people from what could have sent them spiraling down holes of bankruptcy or poverty.
Learn more about debtor rights and Fitzgerald & Campbell’s work representing debtors around California on the website.
