Student Loan Fraud – A Great Lakes Lawsuit
The U.S. Coast Guard is under fire after two environmental groups filed a lawsuit in federal court in Detroit, claiming the agency’s response plan is inadequate. The lawsuit also seeks to shut down Enbridge’s Line 5 pipeline, which would connect Lakes Michigan and Huron. Native activists have set up camps to protest the pipeline, which they believe could damage 400 miles of shoreline. The Coast Guard’s response plan is inadequate, and the company has been accused of lying to customers.
In its defense, Great Lakes cited an employee’s negligence as a reason for the inaccurate reporting of student loan deferments.
The result was a lower credit score, which forced Cody Hounanian to move back in with his parents and store his belongings in storage until his debts are fully paid off. The lawsuit was ultimately dismissed, and the lender is now required to compensate him for his losses. Further, the company has apologized.
The great lakes lawsuit is a class action against the bank. A lot of borrowers have fallen victim to these faulty reports, and the company is now facing a massive liability for misleading borrowers. The case has been filed by Cody Hounanian, a Program Director at Student Debt Crisis. Because of the misrepresentations made by Great Lakes, his credit score dropped dramatically. This resulted in him abandoning his search for a new apartment, and he will be forced to move back in with his parents.
The great lakes lawsuit claims that the company knowingly put some borrowers on the wrong repayment plan, and failed to notify borrowers of these changes.
He hopes that he can receive a favorable settlement as a result, but the litigation process can be lengthy. Once he’s been awarded compensation, he can start repairing his credit. If the company has acted improperly, they can’t deny you the compensation you deserve.
The Great lakes lawsuit was filed against the owners of two mid-Michigan dams. The federal government’s Borrower’s Defense Program was introduced in 2003, and it’s been a vital tool for borrowers who are being denied compensation for their faulty loans. The company’s failure to notify borrowers about the PSLF requirements is a major cause for concern, but thankfully, the company has agreed to change its reporting.
The lawsuit filed by Amanda Ross accuses Great Lakes of failing to inform her about the PSLF program.
The government program was designed to help people with bad credit qualify for the PSLF program. However, this program does not require regular payments for 10 years, which could lead to a significant delay. In the meantime, the loan has been suspended indefinitely by Great lakes. If you’re not able to pay the PSLF, you can ask for it from a federal agency.
In a Great lakes lawsuit, the defendant must prove that it lied and misrepresented the truth about its student loans. By presenting this information, the defendant will be able to demonstrate that the defendant lied to its customers, and the plaintiff must show that they were harmed by the company’s practices. This is an important part of the process, and it takes time to win the case. A class-action lawsuit can take months or even years to settle.
While a class-action lawsuit is a common form of legal action against a company, it is important to be aware that a class-action lawsuit is the best way to get the justice you deserve.
By denying your claim, you could end up paying millions of dollars in unpaid federal student loans. In addition, you may also be forced to face a higher interest rate and higher monthly payments. You can avoid this by contacting Great Lakes and making an honest complaint.
The Great Lakes lawsuit claims that the company did not correctly apply additional payments to the correct loans. This means that the company misrepresented the information to the credit bureaus and increased the borrowers’ outstanding balances. Moreover, the lawsuit claims that Great lakes did not meet its obligations to students in the first place and had not properly complied with consumer protection laws. The suit against Great lakes is the first student loan class action filed against a student loan servicer.
My daughter entered college in 2008. we paid cash for her first year of college. Then my husband plant shut down. She had to get loans, and they would only loan her a certain amount, so we were forced to take out parent plus loans or make her withdraw from school. No parent can face doing that, so parent plus loans we did. I knew the 7.99 interest rate was high, but we had no choice with my husband having lost his job. I knew nothing about the annual Compound capitalization interest charge. We borrowed 28,000 we have been paying payments since 2012 and made a total payments of 24,456.00. Now we owe 29,000.00. Thats more than what we borrowed. What about parents that made too much for their children to get loans but not enough to send their kids to college, and having lost their jobs. Now my husband is reitred and our income is 40% of what we used to make and we still have this loan hanging over our head. HELP!