This will be a unusual event, nonetheless it implies that you’ve got defaulted or otherwise not reimbursed your loan as agreed. It disqualifies you against getting another loan unless you pay off the first one out of full. If you fail to pay your loan back on time, contact your loan provider straight away and discover should they can expand your loan or break it into smaller payments. Never ever sign up for one or more loan at the same time, spend the loan off before considering a different one.
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