To understand how Enforced Collection Efforts begin and the potential result, it is important to understand the various “players” (parties) who may be involved.
If you fail to pay your student loan(s) your student loan will be considered delinquent. Once you are 270 days (9 months) behind, your student loan is considered in default. Once this occurs, Collection Efforts will begin which may include any or all of the following:
Don’t make the mistake of ignoring your student loans and thinking they will go away. They won’t! The best thing to do is proactively engage the problem. Call us today and ask about our Free Case Review.