Defaulting on a debt simply means that the payments required on the debt have not been made.
Generally, this occurs at different times depending on the type of debt you have and the terms of the agreement with the creditor. Meaning, it may be considered defaulted after you’ve missed multiple payments or just one depending on the terms you have with the creditor. Don’t worry, it is ok if you have defaulted on a debt before coming into the program with our office. There is nothing to be embarrassed or ashamed about, we understand that sometimes you can’t meet all of your financial obligations. We are here to help you with that! Contact us today!