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

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

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 ...

When a debt collector reaches out, it can be unsettling, even if you knew that you'd defaulted on your obligations and were expecting the call. Between the pressure to pay, the perceived urgency of ...

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 ...

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, ...

If you've fallen behind on a $5,000 debt and a collection agency is hounding you for payments, you might be worried about what happens next. Owing a few thousand dollars to a debt collector can put ...

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, ...

Maryland’s new law expands protections for patients with hospital bills. Starting in 2025, hospitals must offer sliding-scale discounts, give patients more time to apply for assistance, and face ...