Question by Fouzia: What happens if i don’t pay back personal loan installments and Over Draft money?
I have taken out 3000 pounds overdraft and have also taken 10k personal loan for which i have given 6 months installments already but now i am financially zero and can’t pay back. Whats the worst bank can do to me?
How long does that process generally takes for the bank to sue me, or attack my other bank accounts.
Answer by David M
Sue you, charge you for interest and expenses, garnish your wages and attack any bank accounts you have or ever have and ruin your credit rating for years to come. That’s about it.
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