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6 May, 08:21

How many days do you have to resolve your delinquency before your loan officially defaults

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  1. 6 May, 10:27
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    270 days

    Explanation:

    A loan is delinquent if its not paid as at when due. When this happens, the lender has a window of 270 days within which to pay the loan.

    When the loan is not paid between this 270 days, the loan goes into default. This means that the lender has refused to pay the loan and that could attract sanctions or drastic measure being taken out on the lender to recover the loan.

    Cheers.
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