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If you default on a personal loan what can happen?

Heather Maxwell

in Student Loans

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Deborah Edwards on April 10, 2019

The lender will start the collection process against you. To be a personal loan, if like most it is secured only by your signature, probably as the lender will go legal as qfast as possible in order to ensure the debt to a judgment and allow a greater variety in the collections. If the loan is secured by the property to be repossessed.


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