There are two prevailing theories of borrower default: strategic default -- when debt is too high relative to the value of the house -- and ability-to-pay -- when payments are too high relative to ...

The lenders, including banks and non-banking financial companies (NBFCs) clearly lay out the procedure to recover the pending dues in case of a loan default. So, to avoid financial as well as legal ...

If you find yourself in default, options such as debt consolidation ... says Bobbi Rebell, certified financial planner and personal finance expert at BadCredit.org. “Delinquency usually means ...