Have you ever been blacklisted for failure to pay back loans?

[Stardom22]

So in my country one is actually being blacklisted when they fail to repay back borrowed loans in time. The implications for that is that you wouldn't be able to access any credit facilities elsewhere unless you pay back what you owe and get a clearance certificate from the relevant authorities for the same. Have you ever found yourself in that kind of case scenario?

 

[Springtime]

I have not taken any loan except my mortgage loan when I bought my apartment and I have a credit card. I always pay back the loan and the credit card bill on time. You are right that if you keep on missing the payment deadline, you will be blacklisted.