A personal loan is in default if you fail to make a scheduled payment on time. Reaching out to your lender early can help you avoid serious damage to your credit score and even legal action. Debt ...

Your options to avoid collections when your student loans are in default Staff Personal Finance Editor, Buy Side Valerie Morris is a staff editor at Buy Side and a personal finance expert. Collections ...

Explore the implications of 401(k) loan defaults, discover strategies to avoid them, and learn some alternatives to protect ...

NEW YORK — Starting next month, the Education Department says student loans that are in default will be referred for collections. Roughly 5.3 million borrowers are in default on their federal student ...

Key Points ・Defaulting on federal student loans carries heavy financial consequences and is more expensive than simply ...

After a five-year suspension that began in March 2020, the Trump administration is turning the student loan default collections machine back on. Millions of borrowers with defaulted loans are poised ...

As of Monday, the U.S. Department of Education is restarting "involuntary collections" on federal student loans that are in default, which may seriously damage the credit scores of millions of ...

Student loan default can have serious consequences, including wage garnishment, loss of tax refunds and a big hit to your credit Written By Written by Contributor, Buy Side Aly J. Yale is a ...

(NerdWallet) – After a five-year suspension that began in March 2020, the Trump administration is turning the student loan default collections machine back on. Millions of borrowers with defaulted ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. (NerdWallet) – After a five-year suspension ...