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What is it called when you Fail to pay back a loan?

Craig Stewart

in Student Loans

1 answer

1 answer

Alexa Spicer on February 11, 2019

Non-payment. This will affect your credit score and your ability to obtain credit in the future. The majority of lending institutions will try to work with you in order to avoid a complete default. Iu must be honest and sincere in their attempts to establish a new schedule for payment, and hopefully you can work together to find a solution that both can live with.

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