Abalone have unique features: the shell is round, with two to three spirals. The last spiral is grown into a large ear-like shape, which explains the name 'ear-shell'. The inside of the shell is shiny, from silvery white to green-red mother-of-pearl. Abalones can start to give birth at a small size.
1 This status can act a bit like a red flag to both you and the lender. 2  After a payment reaches 90 days past due the delinquent status will be reported to the three major credit bureaus and a mark negative mark will be added to your credit report.  After 270 days past due, a student loan is considered to be in default.
After forty-five days of default, the lender will place your account in collections, and you will begin to receive regular correspondence about the debt. Two to three months after default, the lender is likely make a final appeal by delivering an official notice of default. If a deal is not reached with the lender, the bank is likely to initiate the foreclosure process.