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What Happens if you Default on a Student Loan?

What Happens if you Default on a Student Loan?

Student debt is a common problem, but it is not an easy one. Especially if you are unemployed or underemployed, it may not seem fair that you are paying loans but not getting any benefits from your education. Let’s look at what can happen so that you understand what it really means to default on your student loans.

How Long Until a Medical Bill Goes to Collections

How Long Until a Medical Bill Goes to Collections

Last year alone, it is estimated that out of pocket medical expenses topped $300 billion in the US. That is a significant amount of debt. If you don’t pay your debt in a timely manner, the debt will go to collections. Learn about how long the process takes.

What Are Subprime Loans and Their Pros and Cons?

What Are Subprime Loans and Their Pros and Cons?

A subprime loan is a type of loan offered at a higher rate than prime to people who don’t qualify for prime rate loans. If you have been rejected by traditional lenders because you have low credit scores or other factors, learn about the pros and cons of obtaining a subprime loan.