Published by Tom Martin, Information editor
That if it happens again you could be referred to a collection agency or taken to court if you can’t repay your loan, you will get a default notice warning you. There are actions you can take to prevent defaulting on that loan, such as for example taking out fully a debt consolidating loan, or organizing a payment holiday.
Debt consolidation reduction loans
Compare a selection of debt consolidating loans with your comparison tables. You may discover that organizing your financial situation very carefully and paying down the absolute most costly financial obligation first could free up some money to make your repayments.