If you can’t repay your personal loan, you may be charged late fees, which also accrue additional interest. If this continues without you trying to resolve the situation, you may face legal action so it’s best to alway pick up the phone and discuss difficulties with us. Don’t put your head in the sand. Lenders are willing to help and maybe considering debt consolidation is a good choice for you. We want to avoid you credit score getting negatively affected, which can make it harder to get loans in the future.