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

Getting calls from debt collectors can be unsettling, but if you encounter these red flags, chances are you're dealing with a ...

Complaints about debt collectors have soared, according to new federal data. The Federal Trade Commission received 194,225 ...

Student loan borrowers in default will soon face wage garnishment and the withholding of federal benefits as the Trump ...

The U.S. Department of Education is resuming wage garnishment for borrowers in default on their federal student loans, ...

Attorneys from the Legal Aid Society of Middle Tennessee and the Cumberlands answer your questions about what to do if your ...

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, ...

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 ...

When a creditor sues over unpaid credit card debt, the clock starts ticking. If the defendant fails to respond by the court ...

Individuals offering debt resolution services to consumers in Tennessee must first obtain a license through the Tennessee Department of Commerce & Insurance before providing those services as of Jan.

Month after month, salaries go to EMIs, essentials shrink, and families realise that what once felt temporary has become the ...

Since the start of 2023, Nevada has written off more than $106 million in bad debt, money that state officials have determined is impossible or impractical to collect. There were four businesses ...