Can a loan is got by you by having a standard?

Can a loan is got by you by having a standard?

Many lenders will see defaults as a critical negative mark on your credit file. With “defaulted loans”, bad credit frequently follows, but this won’t imply that securing credit will forever be away from reach.

What does it mean to default on that loan?

A default happens once you have missed re payments and broken the regards to your credit contract. More