Brooklyn’s tallest building is struggling to pay its skyscraping loans. Michael Stern, the developer of 9 DeKalb Avenue’s 93-story The Brooklyn Tower, has defaulted on a $240 million mezzanine ...
But then life happened — maybe an unexpected job loss, injury or divorce — and now you’ve missed a payment and you’re facing default. Defaulting on a personal loan means your monthly ...
Perhaps not surprisingly, as the total amount of student debt has increased, so has the number of borrowers struggling to pay back their loans. Defaults and delinquencies on student loans impact ...
However, if you fall behind on your payments, your loan may go into default, which can come with some serious consequences. No one wants to default on a loan. But, in case you do, it's helpful to ...
The new Veterans Affairs Servicing Purchase (VASP) program, which launches May 31, will allow the department to purchase defaulted VA loans from outside mortgage servicers, then modify the terms ...
These loans are backed by your valuable assets, which the lender can seize if you default. As a result, the lender takes on less risk and is often willing to accept a broader range of borrowers.
But finding the best unsecured business loan for your operation is the hard part. Lenders offer various types of unsecured ...
The 10 Kenyan-listed banks set aside an extra Sh46.6 billion in the year ended December as a precaution to cover expected credit losses as loan defaults soared last year. According to an analysis ...
Advertisement Article continues below this ad When you default on a loan, it means you’ve failed to make your monthly payments to the lender per your loan terms. Usually, an account becomes ...
Many auto lenders offer debt relief programs that can lessen the impact for struggling borrowers — but the key is to reach out before you’re underwater on your loan. When you default on a loan ...