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Home»Loans»5 steps to recover from a bad loan — and how to avoid another in the future
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5 steps to recover from a bad loan — and how to avoid another in the future

March 25, 2025No Comments1 Min Read
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5 steps to recover from a bad loan — and how to avoid another in the future
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Pay down your balance aggressively and once the loan is paid off, apply that same discipline to building up emergency savings or a specific down payment fund. This cushion can limit or eliminate the need to borrow again on unfavorable terms.

— Greg McBride, Bankrate Chief Financial Analyst

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See also  Do installment loans build credit? Yes — here’s how
Avoid Bad future loan recover steps
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