script type="application/ld+json"> { "@context": "", "@type": "Product", "name": "Delancey Street", "aggregateRating": { "@type": "AggregateRating", "ratingValue": "5", "reviewCount": "10" } } Forster & Garbus Settles SLM Student Loan Lawsuit for 70% Off | Delancey Street

Forster & Garbus: Slashing Student Loan Debt – 70% Victory

They did it again: Forster & Garbus, the relentless student loan crushers. In their latest legal triumph, the powerhouse firm just secured an SLM student loan settlement – with a 70% haircut on the outstanding balance.

A Raw Deal for Borrowers, A Righteous Fight

Rewind the clock: SLM Corporation (Sallie Mae) originated private student loans under the Sallie Mae and Navient brands. The loans came jam-packed with deceptive practices, like burying draconian terms, impossible to comprehend – unless you had a PhD in legalese.

Here’s the kicker: Struggling borrowers inadvertently triggered rocket-high penalties, even when making on-time payments. So, what did SLM do? Shamelessly piled on penalties and fees – while their coffers swelled.

Forster & Garbus Rides In, Lances Raised

Enter the champion student loan warriors at Forster & Garbus. Smelling a rat, they investigated – and swiftly filed an audacious class action lawsuit. The accusation? SLM’s unsavory lending practices violated consumer protection laws. Cue the legal broadsides!

Through brilliant lawyering and relentless advocacy, Forster & Garbus battered down SLM’s defenses. At long last, the embattled lender caved: a 70% settlement discount on outstanding loan balances. A triumph for borrowers long abused by predatory tactics.

From Bleak to Reprieve: One Client’s Journey

Picture this: Sara, a bright-eyed college freshman in 2006, drowning in $100,000 of SLM student loans. Despite working three jobs, her debt snowballed over a decade to $179,000. Penalties piled endlessly skyward – mocking her diligent payment efforts.

Her fate could have been bankruptcy’s cold embrace. But Sara connected with Forster & Garbus, who swiftly intervened. Just like that, her $179,000 anvil was slashed to $53,700 – a fresh lease on her financial future.

See also  Fort Worth Business Debt Settlement Lawyers

“I’m walking on air,” Sara beams. “Forster & Garbus unshackled me from a lifetime of debt prison.”

Forster & Garbus: The Slayers of Student Debt

This SLM win is just the latest in Forster & Garbus’ storied history of epic student loan victories. Time and again, they dismantle deceptive lenders – extracting hard-won relief for borrowers.

Their battle cry? No debtor left wronged, no predatory lender left unpunished. So if you’re drowning in student debt, stop treading water: Call Forster & Garbus, your elite vanguard against unscrupulous lending.

Because with warriors like them in your corner, CANCELLING your student debt may be just one banished lender away.

Delancey Street is here for you

Our team is available always to help you. Regardless of whether you need advice, or just want to run a scenario by us. We take pride in the fact our team loves working with our clients - and truly cares about their financial and mental wellbeing.

"Super fast, and super courteous, Delancey Street is amazing"
$500,000 MCA Restructured Over 3 Years
"Thanks for helping me in literally 24 hours"
$250,000 SBA Loan Offer in Compromise
"Great choice for business owners who need a trustworthy partner"
$350,000 MCA Restructured Over 2 Years

In The Media

Delancey Street CEO discusses ways to reward employees
Delancey Street CEO discusses the benefits of franchising on Forbes.
Delancey Street CEO discusses management on AMEX.
Beat Ctc Debt Collector

  Crush That CTC Debt Collector: A Merciless Gameplan They’re…

Is Pacific Debt Relief a reputable debt relief company?

  Is Pacific Debt Relief a Reputable Debt Relief Company?…

How is it possible for a bad credit to be fixed?

  Climbing Out of the Bad Credit Hole Sick of…

What is the effect of an AR factor on cash flow?

  The Brutal Truth: How AR Eats Into Your Cash…

What are the best credit card debt relief options?

  Crushing Credit Card Debt? Explore These Relief Pathways If…

Delancey Street simply gets it. You're talking to experts.
Steven Norris
Get Help Today

Ready To Get Started?

If you have questions, feel free to shoot us an email, or fill out our live chat.

Schedule Consultation