Non-Performing Loan
A loan that is in default or close to being in default. Many loans become non-performing after being in default for 3 months, but this can depend on the contract terms.
A loan that is in default or close to being in default. Many loans become non-performing after being in default for 3 months, but this can depend on the contract terms.
***All information is deemed to be accurate, but is not guaranteed***