What You Can Expect if You Don't Pay Your Student Loan Debt
If you are a college student or recent graduate with student loan debt, it is important to understand the potential consequences if you don’t pay your loans. Failing to make payments on your student loan debt can have serious consequences that may affect your financial future for years to come. Here is what you can expect if you don’t pay your student loan debt:
First and foremost, once you miss a payment on your student loans, the credit bureaus will be notified of the delinquency and this will be reflected in your credit score. This means that any future lenders or landlords will be able to see evidence of late payments when they review your credit report. Student loans also cannot easily be discharged in bankruptcy so creditors may attempt to collect by taking legal action against you. Your wages could potentially even be garnished if necessary which could cause further financial hardship.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation just today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706