What Happens When You Stop Making Loan Payments?

MoneyMax.ph

Posted at Jul 27 2018 11:55 AM

Filipino shoppers are seen at the Divisoria Market in Manila. Noel Celis, Agence France-Presse/File

MANILA -- Unexpected situations can put even the most responsible borrowers in a tight spot, making it extremely hard to make loan payments on time.

Is your loan in danger of going into default? Defaulting on a loan comes with serious financial consequences. Not to mention you’ll spend stressful days and sleepless nights thinking how to get yourself out of a sticky situation.

Don’t let this happen by understanding how loan default can affect your finances.

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