For government loans, this is a big one. Something may not show up on your credit, but just like you wouldn’t lend someone money who didn’t pay you back last time, federal agencies share a database. Most lenders stop right there, but some scenarios are workable with a little extra investigation into what is flagged and whether it’s really a default.
For government loans, this is a big one. Something may not show up on your credit, but just like you wouldn’t lend someone money who didn’t pay you back last time, federal agencies share a database. Most lenders stop right there, but some scenarios are workable with a little extra investigation into what is flagged and whether it’s really a default.