If You can not pay for to repay your personal loan in that period of time, you’ll have to treat the excellent stability as an early withdrawal and could owe taxes plus a ten% penalty.
If you have fairness in your house, consider a home equity line of credit score (HELOC) or home fairness loan. These choices use your home as collateral, so it’s significant which you could control the payments. Too many skipped payments could cause the lender seizing your private home.
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