Take a Closer Look
Overspending with credit cards is tempting and easy. Never use one to buy something you know you can’t afford. You can quickly get in financial trouble if you can’t make even the minimum monthly payment on a credit card. > See more videos.
Making Sense of It
This week, people in default
of their federal student
loans must resume payments
or face “involuntary collection”
from any government benefits
they receive, like tax refunds
and Social Security payments.
Over 5 million borrowers are
currently in default.
