What consequences do borrowers face if they miss many payments?

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asked Apr 25, 2018 11.5k views

2 Answers

Yassir · Answer 1 · 2018-04-29T23:34:53+0000

Depends on who they are owing money. But the party that lent the money can take legal action against the borrower and can get the state involved to seize property from him/her. Also depends on state and local law.

What consequences do borrowers face if they miss many payments?

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