You should also review your loan agreement and find out more
about the default triggers that your private student lender uses.
Not exact matches
Valeant, which has
about $ 30.77 billion in debt, also had to appease creditors after missing deadlines for filing financial reports,
triggering default notices.
Policymakers are fixated on the debt ratio in part because it was at above 160 per cent that households in the United States and Britain ran into trouble
about five years ago, contributing to
defaults and the financial crisis that
triggered the 2008 - 09 recession.
I understand that once the government goes into
default it
triggers a number of different legal steps and procedures, such as CDS and Repo agreement ramifications - this second link also talks
about the distinction between a «technical»
default and «actual»
default.
(Automatic
default can also be
triggered if you die before the loan is paid off; ask your lender
about repayment terms and consider purchasing additional life insurance for yourself to allow for this possibility.)
Over 2,300 complaints were submitted
about private student loans and the biggest complaint was that an automatic
default was
triggered when a the cosigner dies or goes into bankruptcy.