Does performant collect private student loan?

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Jaleel Murazik asked a question: Does performant collect private student loan?
Asked By: Jaleel Murazik
Date created: Tue, Apr 6, 2021 5:45 AM
Date updated: Sat, Jun 25, 2022 6:20 AM

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Top best answers to the question «Does performant collect private student loan»

  • Their subsidiaries Performant Recovery, Inc. and Diversified Collection Services, Inc. collect on medical debt, Federal and private student loans, automobile loan debt, overdue phone bills and overdue fees and fines owed to local, state and Federal governmental agencies.

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Private student loans, however, are still subject to statutes of limitation and the defense of laches. The length of the statute of limitations varies from 3 to 15 years. If the borrower makes a payment on his or her loans or otherwise acknowledges the debt as owed by the borrower, however, it can reset the clock, even if the statute of limitations has expired.

Performant is a leading provider of these services in several industries, including healthcare, student loans and government. Performant has been providing recovery audit services for more than ...

You must know by now that applying for college can be an arduous and financially tasking endeavor, one that you often cannot take on by yourself, hence the need to apply for a student loan from Performant. Student loans are ranked as the second most common form of debt taken on by the average American citizen (second only to mortgage debt).

LIVERMORE, Calif., -- Performant Financial Corporation (Nasdaq:PFMT) ("the Company"), a leading provider of technology-enabled recovery and related analytics services in the United States, today announced that one of the Company's principal customers, Great Lakes Higher Education Guaranty Corporation ("GLHE"), notified the Company that it is terminating the Company's student loan recovery contract.

Collections. There is a time limit for private student loan collection and private collectors do not have as many collection tools as the government. Lawsuits are the main collection tools that private student lenders have. This does not mean that private student loans are better than government loans.

Among them is LMF WF Portfolio, a company which helped finance a $147 million loan to a debt collection agency that does business with the Department of Education, called Performant Financial Co. Performant recently lost out on a U.S. Department of Education contract and is appealing the decision with the Government Accountability Office.

In the meantime, the fired debt collection agencies sued, and in April 2017 a judge ordered debt collectors to stop working on defaulted student loans. Yet according to the Department of Education website, these 22 agencies have contracts to conduct student loan collections: Account Control Technology. CBE Group. Coast Professional. Collectco

you owe money does not give anyone the right to bully or harass you. We are the Solution. We can help you fight back against student loan debt collectors. We can even make them pay you money. Our services are free to you. Under the law (the Fair Debt Collection Practices Act “FDCPA” or the Michigan Collection Practices Act – “MCPA“),

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