Authored article by Akshay Mehrotra, Co-Founder & CEO, Fibe.in Default on a loan can severely affect your credit history and may dramatically reduce your chance of getting any credit. Sometimes when we are young we choose not paying credit card for various reasons. Sometimes we just don’t have the money, sometime, the utility of the …
Continue reading “What is Personal Loan Default: Understand the Legal Action Against loan”
Acknowledging that you are over-leveraged is critical in escaping a debt trap. However, to get out of this situation, you first need to understand what is a debt trap. It is a circumstance where one is compelled to take out more loans to pay off existing loans, thereby creating a cycle of debt. Over time, …
