Closing on a business loan often brings a sense of relief and excitement as you secure the funds to grow
your business. However, it’s not uncommon to find yourself overwhelmed after a few months or years,
realizing that you’ve taken on more than you can handle. With over one-third of Americans struggling with
delinquent debt and the risk of loan defaults, taking immediate action is crucial when you fall behind on
loan payments. This article provides essential information on delinquent loans, defaults, and practical
strategies to protect yourself and minimize the associated damage.
Check out online resources
There are many online resources to help you look for internships. CyHire is a great tool to find employers who
are recruiting Iowa State students. You can search for positions by your college or major, upload your resume,
view career fair information and more. You can even automate your CyHire search to have new opportunities
emailed to you. LinkedIn is another great tool to connect with people and to find internships in different
cities and states. Through LinkedIn you can also connect with alumni of Iowa State University.
Attend career fairs
Career fairs are a great way to network and to create connections with people in the work force. Through
networking you are able to share your resume and network for yourself with others. Connections are important for
finding job opportunities.
You don’t see an internship at a business or organization you want to work for? Contact the business or the employers. This shows them that you are motivated and willing to go the extra mile.
Find something that works for you
Looking for an internship that intrigues you and will help you improve your skills and connections is important
when making a final decision. While there are both paid and un-paid internships, there may be scholarships you
can apply for if you decide to take an un-paid position, so don’t discount an opportunity if it will ultimately
help you gain valuable experience.
When you have a delinquent loan, expect frequent calls and emails from your lender urging you to make payments. Lenders prioritize collection efforts while the deadline is fresh in your mind. As delinquency continues, it becomes more challenging for lenders to collect the debt.
