Loan Repayment Plans for Delinquent Borrowers: What You Need to Know
Loan repayment is a significant financial commitment that requires careful planning and disciplined execution. However, life can sometimes throw unexpected curveballs, causing borrowers to fall behind on their loan repayments. This leads to delinquency, which not only affects the borrower’s credit score but also invites penalties and additional interest charges. To avoid these consequences or…