Remove Debt Financing Remove Government Remove Loans
article thumbnail

Student Debt Weakens Retirement Security

Collection Industry News

In the past, older households were more likely to retire debt free with a paid-off mortgage. Student loan debt for older adults, their children, and their grandchildren has been rising for decades. Student Loan Debt Is the Fastest Growing Type of Debt for Older Americans. Those days are over.

article thumbnail

3 Tips for Hiring a Debt Collection Agency

National Service Bureau

Surety bonds are legally enforceable contracts between three parties: typically the principal (the collection agency), the obligee (the state government), and the surety (the insurance company that issues the bond). default on a business contract), education collections (student debt), finance (e.g.