Thanks, QS, for the extra info.
Its only a few days late, and he may have been in contact with the loaner already to work out a payment plan. Question is why are you the 1 making this thread and not the loaner?
If he were in contact with him then he wouldn't have tagged him with a -rep of his own saying that he's defaulted on his loan.
I made the thread because I noticed and I didn't want the guy to be running around scotch-free except for an untrusted tag by ranochigo. I wasn't sure if he had contacted someone already so I made a thread of my own.