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Has anyone ever defaulted on a ...

Posted By: Aunt Bea on 2007-06-07
In Reply to:

personal loan with household items listed as collateral?  Just wondering if I cannot pay a personal loan, will they take the collateral or just right it off?  Having some hard times here and beginning to have difficulty paying severals loans of this nature and not sure what will happen if I cant pay them.  Any info would be greatly appreciated.


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