23 Jan

Tax levies and liens can be placed on any property if the loan

If the loan is not repaid, it can severely damage your credit and a judgment can be sought.Tax levies and liens can be placed on any property if the loan is not repaid. The student loan default mark does not expire from a credit report in the normal 7 to 10 years like other types of debt; it remains indefinitely or until the loan is satisfied. If collection agencies fail to abide by the Fair Debt Collection Act, the US Department of Education has a complaint and default resolution center that can be an asset when working on repayment options..

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