Loans “in default” are loans for which borrowers have failed to make payments for a longer period of time. Generally, a loan goes into default when it's over 60+ unpaid days.

A loan becomes "compromised" when there are no more reasonable expectations for further payments. Compromising usually occurs when a loan exceeds 120 days without being paid (ie no later than 60 days after the "Default" status). Under certain circumstances, loans may become compromised on an earlier or later date.

A default loan will appear as "default" in your account, and a compromised loan will appear as "compromised", the remainder principal balance of the loan will be reduced from your account balance. Learn more about what happens when a loan is compromised.

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