Is the bank bring your assets when you yourself have defaulted for the a personal loan?

Is the bank bring your assets when you yourself have defaulted for the a personal loan?

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What the results are into debtor in the event that he/she non-payments on a consumer loan? In the event of a protected mortgage eg a house otherwise auto mortgage, the lending company can take along side asset which is used due to the fact collateral in order to keep the loan. Continue reading “Is the bank bring your assets when you yourself have defaulted for the a personal loan?”