3 Major Consequences of a Personal Loan Default in India
                     3 Major 
Consequences of a 
Personal Loan 
Default in India

Defaulting on your 
personal loan 
repayments can send 
Your Credit your credit score into a 
Score is downward spiral. So 
understand the extent 
Impacted of the impact you need 
to review your credit 
report carefully. 
A major loan default 
consequence results in 
increasing your financial 
burden. When you fail to 
Financial make your payments on 
Burden Grows your personal loan on 
time, you are not just 
liable for the monthly 
instalment alone.
Moreover, your lender 
may take legal action on 
you against you to 
recover their debt. 
Arbitration or Unless you figure out 
Legal Action how to settle your 
defaulted personal loan 
via amicable discourse, 
you too will start 
incurring legal fees.
https://en.wikipedia.o
rg/wiki/Loan
Reference 
URL https://www.fullertonindia.com
/knowledge-
center/consequences-of-
defaulting-on-personal-
loan.aspx
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