Recently we have received numerous inquiries asking about a new private
student loan lender aggressively pursuing consumers for alleged debt that
they owe. What we hear from these consumers is that Sallie Mae sold or
transferred their loans to a company called Navient. Most of these people
are surprised to learn that Navient and Sallie Mae are really one company.
Navient seems to be Sallie Mae's attempt to spin off their name. How
better to do that than form a new so called company with a new name. This
is a marketing gimmick that happens often in the corporate world when
a company needs to refresh their image or get rid of it entirely. Phillip
Morris attempted to do so by forming a new company called Altria.
In reality these companies are one in the same, Navient is Sallie Mae
and vice-versa. Navient frequently pursues consumers in the collection
of private student loans. They regularly obtain default judgments against
consumers in New York and New Jersey by retaining the services of debt
collection law firms like Rubin and Rothman and Forster & Garbus.
When clients are actually served we have been able to defend these actions
by submitting an answer with affirmative defenses. That keeps the burden
on Navient to prove their case. In default judgment cases we are usually
able to have the judgments vacated either through negotiation with the
opposing law firm or by filing a motion to vacate with the court. More
importantly, we have been able to obtain substantial reductions in out
of court settlements for clients. Navient very frequently reduces the
amount allegedly owed by anywhere between 50%-80% off of the entire amount.
Next time you see the name Navient, don't be fooled by who they really are.