As the U.S. Department of Education will resume collecting on defaulted student loans, borrowers may face wage garnishment and see credit scores decline.
The collections they speak of are usually protected in some manner. Approved lenders by the government. Believe they can only be discharged in bankruptcy if you can prove unique situations, which if it’s happening to millions of people, I imagine a judge would find it hard to call unique.
The collections they speak of are usually protected in some manner. Approved lenders by the government. Believe they can only be discharged in bankruptcy if you can prove unique situations, which if it’s happening to millions of people, I imagine a judge would find it hard to call unique.