Bank

Potential Consequences of Defaulting

No circumstances related to the financial problems of the debtor can relieve him/her from the responsibility of fulfilling the obligations of the creditor. Failure or untimely fulfillment of obligations leads to the calculation of penalties, interest, and forfeits. If the debt is not paid for a long time, the financial institution has the right to sue the non-payer.  We recommend you to carefully study and…