What updates will Lending Loop provide when a borrower's payment is late?

When a borrower is late making a payment, we will provide status updates pertaining to the payment 7, 14, and 30 days following the payment due date, so long as the payment remains unpaid, and periodic updates thereafter. 

Generally, loans will be considered to be in default after 3 consecutive missed payments, however, this can vary based on particular circumstances for each borrower.

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