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Active loans cap - Printable Version

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Active loans cap - Dokhu - 05-21-2018

Hi.

If I have one or several loans and never pay them. What is the limit or the effect of not paying in addition to the interest increase?

Thanks.


RE: Active loans cap - Unknown98 - 05-22-2018

It affects your credit rating to some extent but beyond that there is none


RE: Active loans cap - Dokhu - 05-22-2018

There should be a foreclosure or a criminal lawsuit of some sort to force us to pay.


RE: Active loans cap - Unknown98 - 05-22-2018

I thought about maybe implementing automatic minimum payments


RE: Active loans cap - Dokhu - 05-22-2018

If the payments show a negative balance to the airline, is this possible for the airline to be deleted? In that case I like it because there are people absent or people who do not plan their expenses..


RE: Active loans cap - Unknown98 - 05-22-2018

Yes, eventually I will institute some sort of "bankruptcy" situation, where if your funds are negative and you cannot pay for your expenses, you will have to restart.


RE: Active loans cap - Zortan - 05-27-2018

Yeah I think that minimum payments are smart - and the bankruptcy is a great idea as well - quite realistic.