Bankruptcy is a complicated issue that affects numerous areas of your life. But in general,…
Category: Understanding Default
Your student loan will go into default if you’ve consistently been delinquent in making payments. Consequences of going into default include having to pay the entire balance at once, no longer receiving deferment options, losing additional financial aid eligibility, and having your wages garnished.
There are three main ways to get out of student loan default, including consolidation, loan rehabilitation, and repaying the loan…
Choosing to end your student loans payments, will hurt you more in the long run. The longer you wait…
The U.S. government will garnish or withhold some of your wages if you default on your student loans. This will…
Student loan debt can be overwhelming. With more than $137 billion in education debt (and counting), 8 million borrowers…
Defaulting on a private student loan is a serious issue that can have a major negative impact on your credit…
Defaulted private student loans and most defaulted federal student loans stay on your credit report for seven years from the…
Defaulting on a student loan will have a significant impact on your immediate and long-term financial outlook. Your credit score…
If you’ve missed a student loan payment, you’re not alone. Around 8 million borrowers defaulted on their federal student loans…
Student loan default occurs when your loan is delinquent for a period of time specified by the lender. How long…