Starting the week of Jan. 7, the Education Department will begin sending notices about paycheck deductions to about 1,000 of five million borrowers in default.

The Education Department issued alerts to borrowers this week, falsely indicating that their federal student loans are in ...

About 5.5 million borrowers are currently in default. They haven't risked wage garnishment since the beginning of the pandemic, when policymakers paused the practice.

A credit default swap (CDS) is a contract that protects lenders from borrower default. Learn how a CDS works, why they’re ...

A default happens when you have skipped one or several payments in a row on a loan or credit card. Since defaulting can cause your credit (and overall financial health) to quickly plummet, you want ...

China Vanke Co., which just days ago got a reprieve on a local bond, is back in a familiar situation, as investors in another ...

Learn about cross-default clauses in loans, their mechanisms, domino effects on debt, and ways to mitigate financial risks.