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Not paying back a loan

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Taylor21
Taylor21 Posts: 2 Newbie
in Loans
I've taken out a loan but I am struggling to pay it back. Ive changed my account details and I'm not planning on paying it back anytime soon. Is this eventually going to catch up with me?
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  • DCFC79
    DCFC79 Posts: 40,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 19 July 2012 at 6:54PM
    Taylor21 wrote: »
    I've taken out a loan but I am struggling to pay it back. Ive changed my account details and I'm not planning on paying it back anytime soon. Is this eventually going to catch up with me?

    Welcome.

    First of all why aren't you planning on paying it back anyttime soon ?

    Well as soon as you miss a payment the dogs will be sent out for you, seriously if you miss a payment your credit history will be trashed, well maybe not as trashed if you continue to miss payments.
  • Macca83_2
    Macca83_2 Posts: 1,215 Forumite
    Someone's taking the proverbial...
  • somethingcorporate
    somethingcorporate Posts: 9,449 Forumite
    It will hound you for (at least) the next 6 years.
    Thinking critically since 1996....
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    The person is trolling, go and get your tea, your mam's shouting for you.
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • DCFC79
    DCFC79 Posts: 40,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    They're other thread here reveals a little more info.
  • somethingcorporate
    somethingcorporate Posts: 9,449 Forumite
    Perhaps not a troll then, just a reckless individual.
    Thinking critically since 1996....
  • mynameistallulah
    mynameistallulah Posts: 2,238 Forumite
    DCFC79 wrote: »
    They're other thread here reveals a little more info.

    I'm not sure what disappoints me more, the OP's attitude or the following response!
    fatbelly wrote: »
    You can only do what you can do.
  • Macca83_2
    Macca83_2 Posts: 1,215 Forumite
    I don't understand the ability to bury your head. If i was in the position of not being able to pay, id be straight on the phone.
  • Theblueone
    Theblueone Posts: 51 Forumite
    Sounds like you never had any intention of paying the loan back when you took it out!!

    I call that theft, so well done....
  • KingElvis
    KingElvis Posts: 4,100 Forumite
    You will be fine.
    "We want the finest wines available to humanity, we want them here, and we want them now!"
This discussion has been closed.
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