As the U.S. Department of Education will resume collecting on defaulted student loans, borrowers may face wage garnishment and see credit scores decline.
If the debt is bought by a private company who does debt collections, they absolutely will stop coming for it. You just have to be able to evade them long enough and eventually it gets written off.
The thing with student loans is that the gov will hold your loan and just garnish wages till you die or pay them back + interest. Death will probably come first.
If the debt is bought by a private company who does debt collections, they absolutely will stop coming for it. You just have to be able to evade them long enough and eventually it gets written off.
The thing with student loans is that the gov will hold your loan and just garnish wages till you die or pay them back + interest. Death will probably come first.