A personal loan default could result in you being sued and/or having personal property seized by the creditor to repay the debt. There are alternatives you can pursue that might help you avoid ...

Banks or lenders impose hefty penalties, or late fee charges in case of a missed EMI amount. They may even impose higher ...

What is student loan default? Your student loan is in default when you haven't made payments for at least 270 days (on federal loans) or 90 days (on private loans) — though the exact number of ...

“Unfortunately, older borrowers often face the greatest repayment struggles, with nearly 40 percent of federal borrowers over the age of 65 in default on their student loans,” the lawmakers said.