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.
The lender must wait until the homeowner falls behind in her payments before issuing a Record Notice of Default. While most lenders wait until the borrower is 3 months behind in her payments, they have the right to send the notice within 30 days of a missed payment. The borrower then has a redemption period during which she can try to raise the money to pay the missed payments and continue living in the home.