When is a car loan considered to be in default?

Answer Defaulting on your car loan (or being in default) means that you have failed to make numerous payments on your car loan and your lending company is taking action. Default does not usually occur imm... Read More »

Top Q&A For: When is a car loan considered to be in default

When is a student loan in default?

A student loan is in default within 270 days of not making a payment that is due. Loans are typically due around six months after you leave school. After leaving school, you can apply for a deferme... Read More »

What happens when you default on an RV loan?

When a person loses his job or runs into other money problems, he might fall behind on his RV payment. After a few missed payments, the RV loan will go into default and the RV will be repossessed.E... Read More »

How can I get financial aide for myself to finish my classes when my student loan is in default?

If your loan is in default, you are not eligible for federal or state aid. However, you should contact the loan servicer or lender to see what you must do to clear the default. Generally, you mus... Read More »

Is a FICA Score Considered When Applying for a Home Equity Loan?

There are two separate acronyms, FICA and FICO, that are often confused. FICA stands for Federal Insurance Contribution Act, and it has nothing to do with lending. FICO stands for Fair, Isaac and C... Read More »