The SBA will send you a letter requesting that you either pay the full amount due or present an «offer in compromise» within 60 days. (valuepenguin.com)
If you do not fully satisfy the full amount due, your account will remain past due. (myfedloan.org)
In order to maintain a good credit score, keep your inquiries to a minimum by applying for loans with pre-approval checks and always make your payments on time for the full amount due. (finder.com)