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.
If you respond in time, the bank must wait 90 days from the date of the Notice of Pre-Foreclosure Options before posting a Notice of Default, which is the next required notice. If you choose not respond, the lender can issue the Notice of Default 30 days after the date on the Notice of Pre-Foreclosure Options.