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Student Loans

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Student Loans

5 million student loan borrowers face mandatory collections starting May 5

Are your student loans currently late?

Contact Us Today for Help!

Student loans affect your credit score

Community credit repair can help remove current late remarks and stop collection activity. 

Stop wage garnishment, collection activity and levies

Call today at 702-724-0500

Get current and get a strategy for your student loans! 

 

 

 

 

The Department of Education announced 5 million Americans with defaulted student loan payments will have their loans sent for collections on May 5.

 

Next month, for the first time since student loan payments were paused due to the onset of the COVID-19 pandemic, the Education Department will collect the debts from borrowers who had defaulted. Which means they hadn’t paid their debts for around nine months or 270 days before the pandemic.

 

A defaulted loan is a loan that a borrower hasn't made payments for 270 days, according to the office of federal student aid. When the loan officially enters default, it becomes eligible for mandatory collections.

 

•    Collections on defaulted loans are resuming: After a long pause, the U.S. Department of Education is restarting collections for borrowers who defaulted on their federal student loans. This includes actions like wage garnishment and seizing tax refunds. 

•    May 5, 2025: Treasury Offset Program resumes, impacting those in default. 

Our Mission

CCR's mission is to advocate for the proper credit reporting from the three major credit bureaus. Promote financial responsibility to our clients and community members nationwide. We accomplish this through educational programs, counseling, and personalized services. We empower individuals to develop and use positive budgeting skills and effective spending behaviors, to use credit wisely, and to prevent, manage, and eliminate consumer debt. We are committed to doing business with excellence

Contact Address

2375 S JONES BLVD, #15

LAS VEGAS, NV 89146

Number

(702) 724-0500

Or text us at 

(702) 591-4933

 

 

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