Defaulted student loans can cause a borrower to live in constant fear of wage garnishments, tax refund interception and collection calls. Student loan repayment can be deferred or put in forbearance, but eventually those options run out. When this happens and you do not have the ability to keep up with the payment demands, bankruptcy can […]
What Happens If I Default On My Student Loans?
How Do I Know If My Student Loan Is In Default? You could be in danger of defaulting on your student loan if you are not current on your monthly payments. Federal student loans are considered to be in default once you are 270 days behind on payments. If you have a private student loan, […]