Long before the advent of the COVID-19 epidemic and the litany of financial and economic disruptions brought in its wake, the student loan situation in the United States was already approaching a crisis point. While the amount of money owed on student loans did manage...
There’s the old saying: When you owe $500,000, the lender owns you. When you owe $50 million, well, you own the lender. The scenario comes to mind in the wake of news that default probability risk is increasing among companies owned by private equity firms. The...
With 44 million Americans currently in student loan debt, equaling just over $1.4 trillion, paying all of that back can seem like a daunting and never-ending feat to accomplish. The U.S. Department of Education says nearly eight million borrowers haven’t made payments in 12 months,...
Defaulting on student debt has never been a good idea. The collection process is intense and one’s credit rating will be utterly ravaged for a very long time. And if that loan came care of the Federal Department of Education, it will never go away....
March 28, 2017
Defaulting on student debt has never been a good idea. The collection process is intense and one’s credit rating will be utterly ravaged for a very long time. And if that loan came care of the Federal Department of Education, it will never go away. There are people in the world who advocate not paying […]
June 19, 2024
Starling Bank is reportedly taking several debtors to court amid a U.K. financial watchdog’s investigation. The neobank has filed petitions against 24 companies that have defaulted on their loans, the Financial Times (FT) reported Wednesday (June 19), citing court records. The publication said its analysis of these companies’ filings show that most of them have […]
May 17, 2017
With 44 million Americans currently in student loan debt, equaling just over $1.4 trillion, paying all of that back can seem like a daunting and never-ending feat to accomplish. The...
October 21, 2014
Capital One said significantly fewer of its credit card holders defaulted on their card debts in the third quarter — but the bank’s CEO called that situation “unsustainable” and said...
