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 ...

The total federal student debt balance is $1.64 trillion, which jumps to $1.77 trillion if you include private loans, according to BestColleges.com. If you have student loans, you’re likely putting ...

Student loan borrowers who haven't paid their debt now face seeing their wages garnished, Social Security benefits reduced, and more as debt collection resumes in 2025. A five-year break that began as ...

Defaulting on a personal loan can damage your credit score and lead to both legal and financial trouble. If you aren’t able to make payments, talk to your lender as early as possible to avoid default ...

NEW YORK — Credit card defaults are on the rise for Americans, reaching the highest level in 14 years. U.S. credit card defaults jumped to a record $46 billion from January through September 2024, ...

This year, for the first time in roughly five years, borrowers who have defaulted on their federal student loan debt will face collection activity, including the garnishment of their wages and ...

*Refers to the latest 2 years of stltoday.com stories. Cancel anytime. Dental hygienist Randy Honeycutt’s $65,000 student loan balance has ballooned to more than $200,000 because of back interest and ...

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Defaulting on a personal loan will impact your credit, make it harder to borrow in the future and could lead to collection efforts. If the personal loan is secured, you could also lose the asset that ...