Most of the time it will be sent to a collection agency. This agency will then continue to try to contact you until the loan is paid. Your interest rates are even likely to increase, causing you to pay more than you would normally owe.
can't get loans for a car, school, and stuff like that because it shows you don't pay off loans.
In some cases, the government can seize your inheritance to pay off student loans if you default on your payments. This typically happens if the loans are federal student loans and you are in default. It's important to stay current on your loan payments to avoid this situation.
Sometimes. You'll have to read the lender/borrower agreement or contract. It's in the small print. yes and not just car loans
Learning to spell.
i dont know lol
When loans are paid off, the deposited money is typically returned to the lender. The repayment process affects the deposited money by reducing the amount available for lending to other borrowers. This can impact the lender's ability to generate income from interest on loans.
Multiple payday loans are a very bad idea. Please don't fall into this trap. Visit http://paydayloantrap.synthasite.com/ to see what happens when you take out too many payday loans and alternatives to payday loans and other useful advice on how to pay them off.
well first off, i dont know!!!!!
if you feed it to them then they dont have a choice
There are many ways to pay off the debt from student loans. Unfortuneately, I am unaware of any ways for you to get help from your school in paying off these loans. There are some websites that can help you with paying off your student loans.
Its exactly the same excaept you dont start off with a morning prayer
"After you're done college, or university, there are many loans you have to pay. Some ways to do this is to get a small part-time job on the side, or volunteer for extra money."