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 ...

Unfortunately, however, depending on financing can lead some small businesses to financial hardship and loan default. As payments are missed and the possibility of default looms, the type of lender, ...

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 ...

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 ...

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, ...

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 ...

Treasury Secretary Janet Yellen suggested in a letter to Congress on Friday that the department doesn’t think the U.S. will need to take “extraordinary measures” on Jan. 2 to avoid defaulting on its ...