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DebtFC - What will happen if I can't pay my debts?UK, April 18th, 2009 - If you miss the odd credit card or loan repayment, not much is likely to happen. You may have to pay a penalty charge or late payment fee. If you persistently miss repayments or fail to pay your creditors you can quickly run into serious problems. There are various legal consequences if you don't pay people the money that you owe them. But the earlier you try to sort it all out, the better the result will be. |
