Archive of ‘Finance’ category

Consequences of defaulting on loans

taking-out-loans Regardless of whether you are an individual or running a company, if you have applied for financial aid in form of loan, it is mandatory that you will be required to repay the loan within the period assigned to you. This is the normal practice. However, many a times, repayment gets stalled due to several reasons. What happens then? Loan default – What to expect There are several instances, when loans are not paid back either intentionally or unintentionally. Whatever be the cause, if you cannot Read more [...]