Wiliam Mwangi

Being able to keep up with repayments for your personal loan is not always possible. Unstable income, medical emergencies and job loss among other occurrences may drain your resources making loan servicing difficult. When that happens, it becomes an extremely stressing scenario with each delayed payment being closely followed by the credit bureau and lenders. The consequences of defaulting on your payments depend on a number of things including the initial terms signed with the lender and how far into repayment you are.

false
false

Related Article