Have you ever defaulted on repaying back your loan?

[Stardom22]

I can remember it very well that l had defaulted in the paying back of my loan and l had to sell my business to cover the remaining loan balance.

 

[Sawe]

I have ever defaulted on paying back a bank loan. I was jobless at that time and did not have money to pay it back. Good thing is that it was not a huge amount, just $10. The interest was not too overrated when I finally paid it back, that is the advantage of bank loans unlike online loans; the interest rates don't get exaggerated.

 

[cherry123]

I have never had problem of paying back any loan. I'm always conscious if I take a loan.

 

[Springtime]

I have never borrowed money except taking out a mortgage loan when buying my apartment years ago. I always paid on time. I use credit card for cash back and I always pay the monthly bill in full every month.

 

[Etini Willie]

The first and only loan I took, I actually defaulted in paying back at some point. I was almost arrested. Since then, I have a phobia for loans.

 

[eldavis]

It's the fear of defaulting that is actually preventing me from taking any kind of loan in the first place.

 

[King Belieal]

The only loan that I have taken is all these online loans. I have taken it twice and has paid back promptly without default those two times.

 

[cherry123]

The trick in paying back loan is to take the ones you can easily make money to pay back. You would never fail with the payback

 

[Ratine]

I had defaulted on multiple times. The last one is still unpaid for like a year now.

 

[Bisolami]

I can remember it very well that l had defaulted in the paying back of my loan and l had to sell my business to cover the remaining loan balance.

I have never been in this kind of situation in my life, and it can happen to anyone, but I always make sure that I tell the person the reason why I was not able to pay the loan on the promised date

 

[Sawe]

The trick in paying back loan is to take the ones you can easily make money to pay back. You would never fail with the payback

Yes, that is a great trick, only take loans when you are sure of using it to make money. That way, you will make money and be able to pay it back with no problem.

 

[nomad]

Well, I have missed repaying loan a couple of times but I have always managed to pay back after a couple of months delay.

 

[Bisolami]

The good thing is that you were able to repay the loan even though it took time. It would have been bad or worse if you didn’t pay it all

Well, I have missed repaying loan a couple of times but I have always managed to pay back after a couple of months delay.

 

[Sanjeev]

I have never taken loan from anywhere so I have never stuck in this situation.

 

[Passiveearner]

The trick in paying back loan is to take the ones you can easily make money to pay back. You would never fail with the payback

I have never defaulted when it comes to paying loans. This is due to the fact that I have never borrowed loans from banks or any other institution. I owe some money to my family members.

 

[Bisolami]

I have never defaulted when it comes to paying loans. This is due to the fact that I have never borrowed loans from banks or any other institution. I owe some money to my family members.

That makes sense and I just hope that you never get to that situation. It can be a very crazy one. I have done that once but I paid on time

 

[Hate2Wait]

I haven't gotten any loan till now in my life so there is no question about it but I have a couple of credit cards which I always pay on time

 

[eldavis]

Fear of default is one major factor that has been pushing me not to even try taking loan.

 

[Shavkat]

I have not tried this one yet. I see to it that I have enough money to repay my loan as much as possible.

 

[Hate2Wait]

Thankfully it has never happened to me and I would do my best that it does not happen to me as I don't like to hurt my CIBIL score