If youdefault on your student loan, it could go to collections.
Credit.compoints outthat many of them use sneaky tactics to make paying off your debt more difficult.
In instances that examiners observed, each loan in the account was then charged a minimum late fee.
Taken together, these practices maximized the late fees for the consumer.
It’s worth learning these tactics to ensure they don’t affect your debt payoff.
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Student Loan Borrowers Lose in Department of Education Partnership with Private Debt Collectors| NCLC viaCredit.com
Photo byMiran Rijavec.
