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It depends on whether the lender is willing to let you make arrangements or work with you. If the loan is secured, the lender can repossess the item(s) that are securing it, sell the item(s), and you will owe the difference in what you owe and what they got for then. The best thing to do is to talk to the lender and explain your circumstances. They are more willing to work with someone who is upfront with them.

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