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What happens when a personal loan goes into default

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What happens when a personal loan goes into default

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What happens when a personal loan goes into default

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What happens when a personal loan goes into default

The payday loan trap: don't get caught. Short-term, high-interest payday loans can trap you in a cycle of debt. NerdWallet is here to help. Stop and think. Payday loans can ruin your family's finances. Interest rates can top 1,000, and nearly half of borrowers default inside two years. Explore other options.

What happens when a personal loan goes into default