You Searched For "delinquent loans" and got 20 results
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3 mins read
The student-loan payment restart is about to put pressure on an already-fragile economy
Student-loan payments were paused for over three years, and the economy survived without them. That…
Ayelet Sheffey
3 mins read
Neck deep in debt? Here’s how some companies are helping habitual borrowers consolidate their loans
There were creditors coming home and harassing him. That’s when he came across the contact of a …
2 mins read
Student-loan companies will scramble to adjust and some borrowers could fall into delinquency if Biden extends the payment pause on 'grossly insufficient notice', servicing group says
The Student Loan Servicing Alliance wrote that borrowers will be "caught massively off guard" if pa…
Ayelet Sheffey
2 mins read
The Senate failed its attempt to strip lower monthly student-loan payments from millions of borrowers
The Senate failed to pass a GOP-led bill to overturn the new SAVE income-driven repayment plan. Bid…
Ayelet Sheffey
2 mins read
Delinquent mortgages spike to the highest level in 21 years as COVID-19 stress freezes payments
As of April, 6.1% of home mortgages were in some stage of delinquency, with the biggest increases c…
Matthew Fox
3 mins read
Some student-loan borrowers are surprised to find their accounts are suddenly in forbearance. Here's why that might be happening.
For some student-loan borrowers, it took logging into their accounts to learn their servicer put th…
Ayelet Sheffey
3 mins read
What happens to student-loan borrowers who miss payments starting next month
Federal student-loan payments are resuming next week. Here are your options if you can't, or won't,…
Ayelet Sheffey
2 mins read
The housing market is about to take a hit as student loan payments restart
More than a quarter of borrowers surveyed are worried about making rent or mortgage payments when s…
Jennifer Sor
2 mins read
It's the hardest time in recent history to get a car loan
Car buyers are facing some of the highest interest rates and car payments in history — at a time th…
Alexa St. John
2 mins read
Student-loan borrowers aren't waiting for payments to resume to start paying off their debt
Student-loan borrowers have been repaying their debt before payments resume in October. The Educati…
Ayelet Sheffey
3 mins read
Why some student-loan borrowers aren't worried about missing payments over the next year
Some student-loan borrowers are missing payments as their bills become due, and they're not too con…
Ayelet Sheffey
3 mins read
Student-loan borrowers struggling with repayment need more help than what the Education Department has offered — and they might not get it
Student-loan company MOHELA lost $7 million in pay, the first servicer to get punished for repaymen…
Ayelet Sheffey
2 mins read
Federal student-loan balances will start growing again in one month when interest returns
After a three-year pause, federal student-loan balances start to grow again in September. Payments …
Ayelet Sheffey
2 mins read
800,000 student-loan borrowers missed payments because their servicer failed to meet its 'basic obligation.' Here's what happens now.
If you got automatically put on forbearance, it might be because servicer MOHELA made a mistake wit…
Ayelet Sheffey
2 mins read
Student-loan borrowers who miss payments aren't fully protected during Biden's 'on-ramp' period
Biden's Education Department won't report student-loan borrowers who miss payments to credit agenci…
Ayelet Sheffey
2 mins read
Student-loan borrowers facing bad customer service could be transferred to a 'high-performing' company if issues persist, Biden's Education Department says
The Education Department put student-loan companies on notice in new guidance: properly serve borro…
Ayelet Sheffey
3 mins read
$100,000 monthly student-loan bills, late statements, and erroneous banking fees: here's everything that's gone wrong for borrowers with the return to repayment
Millions of student-loan borrowers have faced errors at the hands of their servicer since payments …
Ayelet Sheffey
3 mins read
Indians are taking more personal loans, buying consumer goods on credit, says report
Personal and consumer durable loans almost doubled between FY19 and FY22, despite a lull for two ye…
3 mins read
Student-loan payments are resuming in 3 months — and borrowers might not be ready for the 'sizeable shock' to their wallets
New reports from Bank of America and Morgan Stanley highlight the economic turmoil student-loan bor…
Ayelet Sheffey
2 mins read
Student loan payments are about to drain $8 billion a month from consumers, and spending will start contracting early next year
Student loan payments resume next month, and Fitch predicted delinquency rates will quickly reach p…