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2. Student loan wage garnishment: How defaulting could ... - AOL

   www.aol.com/finance/student-loan-wage...

   Enter into a voluntary repayment agreement. To avoid wage garnishment relating to federal student loans, you can negotiate repayment terms with the U.S. Department of Education or the collection ...

3. Loan agreement - Wikipedia

   en.wikipedia.org/wiki/Loan_agreement

   Loan agreements are documented via their commitment letters, agreements that reflect the understandings reached between the involved parties, a promissory note, and a collateral agreement (such as a mortgage or a personal guarantee). Loan agreements offered by regulated banks are different from those that are offered by finance companies in ...

4. Income-driven repayment - Wikipedia

   en.wikipedia.org/wiki/Income-driven_repayment

   The new repayment plan, Revised Pay As You Earn, launched on December 17, 2015. [ 8 ] The U.S. Department of Education Office of Inspector General recently calculated that the portion of total Direct Loan volume being repaid through IDR plans has increased 625 percent from the FY 2011 loan cohort ($7.1 billion) to the FY 2015 loan cohort ($51.5 ...

5. Collateral (finance) - Wikipedia

   en.wikipedia.org/wiki/Collateral_(finance)

   In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan. [1] [2] The collateral serves as a lender's protection against a borrower's default and so can be used to offset the loan if the borrower fails to pay the principal and interest satisfactorily under the terms of the lending ...

6. Loan - Wikipedia

   en.wikipedia.org/wiki/Loan

   Demand loans are short-term loans [1] that typically do not have fixed dates for repayment. Instead, demand loans carry a floating interest rate, which varies according to the prime lending rate or other defined contract terms. Demand loans can be "called" for repayment by the lending institution at any time. [2] Demand loans may be unsecured ...

7. Debt management plan - Wikipedia

   en.wikipedia.org/wiki/Debt_management_plan

   Debt management plan (DMP) is an agreement between a debtor and a creditor that addresses the terms of an outstanding debt. [1] This commonly refers to a personal finance process of individuals addressing high consumer debt. Debt management plans help reduce outstanding, unsecured debts over time to help the debtor regain control of finances.