What is default?
In Loans - Car Loans - Asked by Admin - 15 months ago
Default is the failure of a borrower to comply with their loan contract. The lender can seize the collateral if the borrower defaults.
Answered by Admin - 15 months ago
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Car loans are a very common type of loan. You can get different types of car loans including used car loans and new car loans. You may also need a special loan if you have a bankruptcy on your record. Refinancing a car loan is also an option. If you need help with car loan questions or answers about car loans or "what is default?", Zuuply.com has the answers you are looking for.