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 delinquent after one missed payment, then the ...

You can default on a car loan after 30 days of non-payment. If that happens, the lender may repossess the vehicle. Further, you may still owe the money even after losing your car.

Here’s what you can expect if you default on your car loan. You’ll incur late fees. When you miss an auto loan payment or make a late payment, you’re typically required to pay a late fee.

I’m only 25 and my mom has tanked my 700-plus credit score after falling behind on payments for an auto loan she had me co-sign when I was 18. How do I stop her from derailing my future? Sarah ...

More Americans are defaulting on their car loans due to larger loan amounts, high interest rates, increased living costs and more. The number of borrowers who fell more than 90 days behind on ...

Here’s what you can expect if you default on your car loan. You’ll incur late fees. When you miss an auto loan payment or make a late payment, you’re typically required to pay a late fee.