Category: Debt Basics

Miss just one student-loan payment and the clock begins to tick toward a status that can upend everyday finances. Default means more than a late fee, and the rules differ for federal and private loans. I will explain what default looks like, the penalties that follow, and the realistic ways borrowers can climb back to…

Swipe a card at the grocery store, sign a car note, or agree to pay a clinic over time and you are stepping into the consumer debt market. I think of this market as the giant backstage where everyday borrow-and-repay routines become data, prices, and trades. In the next few minutes I will trace that…