Answered

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

A. 200 days
B. 30 days
C. 360 days
D. 100 days

Sagot :

GinnyAnsweridn

Final answer:

The loan officially defaults after 100 days of delinquency.


Explanation:

The loan officially defaults after 100 days of delinquency. Delinquency refers to cases where borrowers fail to keep up with required payments. Therefore, once a borrower is 90 days delinquent, default is imminent within an additional 10 days.


Learn more about Loan Default and Delinquency here:

https://brainly.com/question/16037213


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