Author name: Eric Rosenberg

Eric is the founder and editor of Personal Profitability. He left his corporate finance job in 2016 to take his online side hustle full-time and now earns a six-figure online income.

Why Banks Sell Loans and How It Impacts You

I just got a letter in the mail from my student loan company saying that my loan has been sold to the US government and will now be processed by a federal payment processing center. This is common in the student loan and mortgage loan business. I figure that if it is happening to me, it is happening to other people to. And if a bank does it, it is probably confusing. Here is how it works.

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