Sawin & Shea

NOVEMBER 30, 2022

If the lender sells the loan to a collection agency after you default, you’ll also face additional fees and higher interest rates. It also allows you to pick a new loan servicer if you’re not satisfied with your current lender. Additionally, this will hurt your credit report.

Student loans 112

Student loans Student Loans Loans Garnishment 112

Better Credit Blog

APRIL 11, 2022

Debt is the amount of money you owe to a lender or creditor. Although accruing lots of debt isn’t ideal, it may sometimes be unavoidable, such as mortgage payments or student loans. You may be sent to collections. If you’re past due on your card and loan payments and your grace period has ended, it may go to collections.

Debt Consolidation 74

Debt Consolidation Debt settlement Credit Card Debt Bankruptcy 74

Collection Industry News

AUGUST 6, 2023

30, 2024, missed monthly payments will not be considered delinquent, reported to credit bureaus, placed in default or referred to debt collection agencies. Unlike during the pandemic forbearance, interest will begin accruing on federal student loans in September. From October 2023 through Sept.

Student loans 40

Student loans Student Loans Credit Card Debt Loans 40