What Does It Mean To Be In Default

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Posted on November 08, 2018 at 01:21 AM



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What does default mean? - Definitions.net
Default′er, one who fails to appear in court, or to account for money entrusted to his care, or to settle a debt of honour.— Judgment by default , judgment given against a person because he fails to plead or make an appearance in court.
What does it mean to "default" on my federal student loans?
Default is the failure to repay a loan according to the terms agreed to in the promissory note. For most federal student loans, you will default if you have not made a payment in more than 270 days.
What Does it Mean to Default on a Loan ... - ValuePenguin
The consequences of defaulting on a loan of any type are severe and should be avoided at all costs. If you miss a payment or your loan is in delinquency for a few months, the best thing to do is to contact the company who manages your loan.

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