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

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. But while missing a debt payment or two is stressful, outright ...

Borrowers in default could see their wages garnished or Social Security benefits seized. Here's what you need to know. The Trump administration's announcement this week that it will restart debt ...

Donald Trump will have to convince Congress to agree to raise the debt limit to fulfil his economic agenda - Evelyn Hockstein/Reuters America risks defaulting on its debts for the first time in ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. (The Hill) – The federal government could ...

The Department of Education announced Monday that it will resume collections on student loan debt next month, including by garnishing the wages of borrowers in default. Collections, which have been ...

Treasury Secretary Scott Bessent was firm on Sunday that the United States will never default on its debt, saying the country is “on the warning track and we will never hit the wall.” “The United ...

In 2023, a stalemate between then-President Joe Biden and congressional Republicans over the debt ceiling prompted panic among financial analysts and everyday Americans alike. The deal they struck, ...

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