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2. Personal loan default: What it is and how to get out of it - AOL

   www.aol.com/finance/personal-loan-default...

   A personal loan is in default if you fail to make a scheduled payment on time. Reaching out to your lender early can help you avoid serious damage to your credit score and even legal action.

3. What is a debt consolidation loan — and how can it help you ...

   www.aol.com/finance/what-is-a-debt-consolidation...

   Credit unions and community banks often offer secured personal loans that can be easier to qualify for: If you default on the loan, your lender can take that asset to satisfy what you owe.

4. Student loan wage garnishment: How defaulting could ... - AOL

   www.aol.com/finance/student-loan-wage...

   Private student loans generally go into default after three months of missed payments, though this can vary. Unlike federal student loans, a loan lender must get permission from a court to garnish ...

5. Default (finance) - Wikipedia

   en.wikipedia.org/wiki/Default_(finance)

   e. In finance, default is failure to meet the legal obligations (or conditions) of a loan, [1] for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity. A national or sovereign default is the failure or refusal of a government to repay its national debt.

6. Student loan default in the United States - Wikipedia

   en.wikipedia.org/wiki/Student_loan_default_in...

   Defaulting on a loan happens when repayments are not made for a certain period of time as defined in the loan's terms of agreement, typically a promissory note. For federal student loans, default requires non-payment for a period of 270 days. For private student loans, default generally occurs after 120 days of non-payment.

7. Private student loan (United States) - Wikipedia

   en.wikipedia.org/wiki/Private_student_loan...

   Private student loans. A private student loan is a financing option for higher education in the United States that can supplement, but should not replace, federal loans, such as Stafford loans, Perkins loans and PLUS loans. Private loans, which are heavily advertised, do not have the forbearance and deferral options available with federal loans ...