When you default on a loan, you are not making payments on that loan anymore. Defaulting is used to describe a negative action that is happening due to the sudden stop of payment on a loan. In this case, when Jim stops making payments on his loans they have a negative impact on his credit score. The answer to the question is B. Jim's debt becomes a bad debt since he cannot make payments. Although Jim is making his car payments which is good he is not making his house payments which are required.
Answer:
c
Explanation:
if you trust me do it its hard to explain
