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What goes on if i can not repay my loan?

What goes on if i can not repay my loan?

Published by Tom Martin, Information editor

That if it happens again you could be referred to a collection agency or taken to court if you can’t repay your loan, you will get a default notice warning you.

There are several things you can do in order to avoid defaulting on that loan, such as for example taking out fully a debt consolidation reduction loan, or organizing a repayment vacation.

Debt consolidation reduction loans

Compare a variety of debt consolidating loans with this contrast tables.

You may realize that organizing your financial situation very carefully and paying down the highest priced financial obligation first could free some cash up to make your repayments.