Learn the differences between loan delinquency and loan default, and how they impact your credit score and long-term financial health.

NEW YORK (AP) — Starting next month, the Education Department says student loans that are in default will be referred for collections. Roughly 5.3 million borrowers are in default on their federal ...

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 ...

Defaulting on a car loan can lead to late fees, a dip in your credit, legal action and even vehicle repossession. This page includes information about these cards, currently unavailable on NerdWallet.

Currently, roughly 5.3 million borrowers are in default on their federal student loans. Referrals for collection had been put on hold since March 2020. The U.S. Department of Education building is ...