This really is a uncommon event, nonetheless it implies that you’ve got defaulted or perhaps not repaid your loan as agreed. It disqualifies you against getting another loan and soon you pay off the first one in complete. If you fail to pay back once again your loan on time, contact your loan provider straight away and discover when they can expand your loan or break it into smaller re re payments. Never ever remove one or more loan at any given time, spend down the mortgage before considering a differnt one.
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