A default happens when you have skipped one or several payments in a row on a loan or credit card. Since defaulting can cause your credit (and overall financial health) to quickly plummet, you ...

A credit card default occurs when a cardholder fails to pay their debt for an extended period, typically 180 days, says Mark Stewart, Certified Public Accountant for Step By Step Business.

At the center of this crisis is the Social Security number, still the primary credential used to apply for credit.

Leaders of community colleges say many students are confused about the status of their loans and failing to repay them. If ...