Loan Default refers to a failure in repayment of a loan, in accordance with the terms agreed upon as per the promissory note. Lending institutions might take legal action in order to get their money back. Defaulting in case of a student loan may have a wide range of negative consequences.

This entry was posted on Sunday, April 19th, 2009 at 4:15 am and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.