You might be wondering what happens when an online loan is not paid in the Philippines. There are several possible outcomes - Banks can go to court, Borrowers can get fined, and even you could end up in jail. Fortunately, there are many solutions to this problem.
Read on advanceloans.ph to learn what to expect in case of unpaid online loan philippines. If you cannot afford to make the monthly payments, try negotiating with your creditors. If you can explain to them why you can't make the payments, they may be able to reduce your interest rate, extend the contract, or even write you off part of the debt.
