What happens if I default on my bootcamp loan?
An example of an AI chatbot conversation about bootcamp loan defaults and their consequences.
What happens if I default on my bootcamp loan?
If you default on your bootcamp loan, it can severely impact your credit score and financial future.
What are the consequences of a bad credit score?
A bad credit score can lead to higher interest rates, difficulty in getting loans, and even issues with renting.
Can I negotiate my loan terms if I'm struggling to pay?
Yes, many lenders are willing to negotiate terms or offer deferment options if you're facing financial hardship.
What should I do if I can't afford my payments?
Contact your lender immediately to discuss your options, such as deferment or a modified payment plan.
Are there any resources for financial assistance?
Yes, there are various nonprofit organizations and government programs that can help with financial assistance.
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