The government plans to seize portions of borrowers' paychecks to the cover defaulted debts. Here's what you should do now to ...

Wage garnishment will begin just as enhanced subsidies for ACA health insurance expire. People who are in default on their ...

A spokesperson for the federal Department of Education said the agency will send the first notices to defaulted borrowers in ...

The Department of Education will soon begin garnishing wages for defaulted federal student loans. Borrowers currently in ...

Starting the week of Jan. 7, the Education Department will begin sending notices about paycheck deductions to about 1,000 of ...

About 5.5 million borrowers are currently in default. They haven't risked wage garnishment since the beginning of the pandemic, when policymakers paused the practice.

The Education Department signaled earlier this year that it would move to resume wage garnishment, among other forms of involuntary collection, for those in default.

A default happens when you have skipped one or several payments in a row on a loan or credit card. Since defaulting can cause your credit (and overall financial health) to quickly plummet, you want to ...

Learn about cross-default clauses in loans, their mechanisms, domino effects on debt, and ways to mitigate financial risks.

Learn how credit default insurance protects against borrower default risks through credit derivatives like swaps, helping investors manage credit exposure efficiently.