A borrower is in default after an extended period without making payments and failing to restore the loan to good standing.

Learn what is the statute of limitations on debt, how it varies by state and when debt may no longer be collectible. See how ...

The Trump administration will begin to seize student debt repayments from the wages of borrowers in default early next year, the US Education Department said Tuesday, a long-promised move that ...

DAVENPORT, Fla. – Debt collection calls are reaching new highs across the U.S. in 2025, with a significant number of those calls flagged as abusive or threatening. “We’re going to arrest you. We’re ...

After years of warning taxpayers that the IRS will never cold call you to collect a tax debt, things are about to change as the IRS begins handing over some of its debt-collection work to private ...

With federal oversight in retreat, deep-pocketed collection companies are aggressively pursuing down-and-out consumers who are struggling with record levels of credit card debt. Meanwhile, consumer ...

Fake debt collection is one of many all-too-familiar text scams. However, sometimes scammers will use an existing business's name and information to fake legitimacy. Recently, consumers in the area ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Whether you owe it or not, receiving a debt collection notice can conjure up feelings of anxiety, worry and perhaps confusion, ...

Having watched Chicago’s City Council rebel against his budget and pass its own, Mayor Brandon Johnson is now focused on the matter of how (and if) the city collects its past-due debts. Going forward, ...

A Kansas-based company has agreed to pay half a millions dollars that will be refunded to Native Americans in Colorado for what the state described as illegal debt collection practices. TrueAccord ...