Weltman offers comprehensive collection and legal services to the student lending community. We serve colleges and universities, private student loan guarantors, servicers, bank and non-bank lenders, state higher education assistance programs, as well as entities that have purchased student loan portfolios. We compete directly with some of the most well-known agencies in the student loan business, and have consistently won market share through our superior performance.
All educational-related debts – including private/alternative loans, institutional loans, Federal Perkins Loans, tuition, and accounts receivable - are serviced by our Student Loan Center of Excellence staff. Our team is focused on driving highly competitive liquidation rates, all while maintaining a stellar record of customer care and compliance.
Our letter and call strategy focuses on establishing contact with the defaulted borrower – the first step to ultimately settling the account. Our dedicated team of skip tracers utilize multiple tools and resources to effectively locate assets, information, and borrowers.
When a settlement cannot be achieved and litigation becomes necessary, our attorneys are ready to intervene on your behalf. Our education loan attorneys are licensed in Illinois, Indiana, Kentucky, Michigan, New Jersey, Ohio, and Pennsylvania. For matters outside of these states, we use our own thoroughly vetted and audited attorney network.
Our in-house compliance audit department has developed hundreds of operating procedures and dozens of custom training programs to ensure strict compliance with all federal and state laws and regulations, including the FDCPA, TCPA, FCRA, SCRA, and FERPA. We have no higher priority than ensuring our operations protect the firm, our clients, their borrowers, and their sensitive information from any undue risk.