Letting your loan go into default will have a major impact on your credit score. By the time your loan is in default, you already have several reported late payments. The late payments and the default ...

Millions of student loan borrowers are facing potential wage garnishment this summer if they don't take the complicated steps ...

You can default on a car loan after 30 days of non-payment. If that happens, the lender may repossess the vehicle. Further, you may still owe the money even after losing your car.

The number of borrowers delinquent on their student debt and at risk for entering default continues to climb, new reports ...

From there, your loan will transition from delinquency to default on a timeline that depends on the type of student loans you have. With federal student loans, your loan is usually considered in ...

Student loan consolidation. One of the easiest ways to get out of default and avoid wage garnishment is through federal loan consolidation, according to Fleischman.

If your student loan payments are too expensive, you risk defaulting on your debt. Student loan default is a serious issue with severe consequences, including damage to your credit report and, if ...

Key Takeaways. Default typically occurs when you fail to make a student loan payment for 270 days. The U.S. Department of Education recently resumed collections on defaulted federal student loans ...

If your student loan is in default, it’s paramount to reach out to the organization that notified you about the situation so you can discuss your options.

Can Defaulting on a Loan Hurt You Financially? The most immediate damage can involve your credit score, but there are other financial consequences that can follow a loan default, including a ...