A borrower is in default after an extended period without making payments and failing to restore the loan to good standing.

Changes are coming to student loan borrowing and repayments this summer. For those who wanted Joe Biden’s debt forgiveness ...

Learn what is the statute of limitations on debt, how it varies by state and when debt may no longer be collectible. See how ...

The Department of Education confirmed Tuesday that the Trump administration will begin garnishing the wages of defaulted ...

The Trump administration will begin to seize student debt repayments from the wages of borrowers in default early next year, the US Education Department said Tuesday, a long-promised move that ...

Attorneys from the Legal Aid Society of Middle Tennessee and the Cumberlands answer your questions about what to do if your ...

After years of warning taxpayers that the IRS will never cold call you to collect a tax debt, things are about to change as the IRS begins handing over some of its debt-collection work to private ...

With federal oversight in retreat, deep-pocketed collection companies are aggressively pursuing down-and-out consumers who are struggling with record levels of credit card debt. Meanwhile, consumer ...

Having watched Chicago’s City Council rebel against his budget and pass its own, Mayor Brandon Johnson is now focused on the matter of how (and if) the city collects its past-due debts. Going forward, ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...