Access Point #: SS.912.FL.4.AP.8


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Explain the consequences of failure to repay a loan.
Number: SS.912.FL.4.AP.8 Category: Access Points
Date Adopted or Revised: 05/23 Standard: Using Credit

Related Benchmarks

Name Description
SS.912.FL.4.8 (Discontinued after 2023-2024): Examine the fact that failure to repay a loan has significant consequences for borrowers such as negative entries on their credit report, repossession of property (collateral), garnishment of wages, and the inability to obtain loans in the future.



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