Sentence examples for default on your loan from inspiring English sources
And when you've gone through everything you have, and done everything you can, you have no choice but to default on your loan.
In these cases, if you default on your loan, those sponsors would pay that vouched amount back to make good on the loan.
Well, creditors do not want you to default on your loan and they want their principal back.
It will also hold the co-signer responsible if you default on your loan, or stop paying your mortgage.
Sure, a nice fat interest charge would be ideal too, but if they sense you are ready to default on your loan, you can expect that a lower rate will be offered instead.
But keep in mind that it's better to include every element you truly need along with a reasonable estimate of the cost of each item, so you don't run out of money or default on your loans.
Missing payments or defaulting on your loan can result in serious consequences, such as wage and/or tax refund garnishment.
Option 5: Defaulting on Your Loans.
Lenders like to see this, because it shows them you have a vested interest in not defaulting on your loans.
