Failing to pay back a loan is called defaulting on the loan.
Stealing?
it is known as a loan.
default
You have to pay after and/or take a loan. It can take years to pay back.
because they dont pay
It is called a note.
cash, then you dont have to pay anyone back
What you do with a loan is irrelevant. You always have to pay it back.
It is probably a good idea to pay back any loan. A loan, by definition, is something being furnished on condition of being returned. If you don't pay it back, it is not a loan. It is stealing.
loan
have fair crediit need a loan with time to pay it back?
If you need a loan but can't pay it back, you should not get a loan. You should rethink your 'need' and find another way to resolve it. If you borrow money that you can't pay back, that is a form of theft.
A loan you usually have to pay back and with a grant as long as you stay within the criteria to have it, you don't have to pay it back.