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.

 

[Starmix]

I never had applied a loan in a bank there is no reason. I have an offline business but my capital derives from my savings in the bank. It's crucial if apply for a bank loan and fail to pay, you have to face the sheriff to confiscate your assets or valuable properties. If your collateral is a land property, most likely it will be handled by a sherif. So avoid loaning if you can't afford to pay.

 

[eLdavis]

I have never been blacklisted before, over here these loan apps have the habit of contacting all your contacts just to disgrace you before they even blacklist.

 

[Augusta]

Nope. I don't even like to collect loans. So I have not experienced such I live within my means

 

[Suba]

Even though I've taken out car installments or purchased on credit, my monthly payments have always been smooth because I've carefully considered my debt-to-income ratio, ensuring that payments remain consistent and don't burden my basic expenses. Therefore, I've never been blacklisted for loan failure.

 

[Stardom22]

That problem often comes when one takes multiple loans from different lenders. Once fails to organize themselves on the matters regarding personal finances they most likely to find themselves in such situations.

 

[Kross]

That problem often comes when one takes multiple loans from different lenders. Once fails to organize themselves on the matters regarding personal finances they most likely to find themselves in such situations.

Was that your experience that you failed to pay @Mike30 for the loans that you took. I understand financial pressures though but that wasn't fair on @Mike30.

 

[Mike30]

Was that your experience that you failed to pay @Mike30 for the loans that you took. I understand financial pressures though but that wasn't fair on @Mike30.

I gave him a LOT of chances to pay... I waited 8+ months in total... getting lies after lies...I had been very patient... but enough is enough....
He even had the opportunity to pay with MicroLikes... But he didn't make any efforts to earn MicroLikes to pay... What ever he says... it's a lie
He borrowed the money to buy a "computer" to work better and earn more... Another lie...

I forgave him for cheating and creating multiple accounts on my forum to win on contests... I gave him all the opportunities of the world to recover and
do what's right...

But a scammer is a scammer covered as a sheep....

These are the people that bite the hand that fed them...

 

[Augusta]

Luckily I haven't gone through such. I don't borrow what I can't pay back it's my nature