Glossary
CAIVRS
the federal deadbeat list
said: kayvers
A federal database of people delinquent on or in default of a federal debt. Lenders must check it. Student loans, prior SBA loans, VA loans, USDA loans and federal tax liens all appear.
Why it matters to you
This kills more applications than anything else people never see coming. A student loan you thought was settled in 2011 can still be sitting there. Ask a lender to run it before you spend money on anything else — it costs them nothing and it's the cheapest way to find out.