Resolve Your Student Loan Default In 2017

Paying back a student loan can be a huge undertaking, and it’s easy to become overwhelmed. In such cases, borrowers may default on their loans, putting their financial health at risk. Going into 2017, graduates should aim to resolve their student loan defaults to get back on track. It is recorded as an official default if you have made no repayments on your federal student loan for 270 days or more. This period is likely to be less if you have a private student loan, so it’s vital to contact your lender and check their default periods. Turning around any defaults is crucial to getting your finances in check and building up your credit score.