Discover the key differences between loan delinquency and default, and learn how each state affects your credit score and long-term financial health.

The Department of Education will soon begin garnishing wages for defaulted federal student loans. Borrowers currently in ...

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 ...

Starting the week of Jan. 7, the Education Department will begin sending notices about paycheck deductions to about 1,000 of ...

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 ...

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 ...

It has been more than five years since referrals for collections regarding student loans in default were paused as a form of temporary financial relief during the COVID-19 pandemic. Biden’s ...

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 ...

The Education Department signaled earlier this year that it would move to resume wage garnishment, among other forms of involuntary collection, for those in default.

About 1,000 defaulted student-loan borrowers will receive wage garnishment notices the week of January 7 with more to come as ...

Defaulting on an SBA loan is serious; you can face bank levies, wage garnishment and foreclosure. But some cases allow forgiveness. Learn if you qualify.

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 ...