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Questions tagged [peer-to-peer loan]

Best way to learning about blockchain & crypto knowledge for free here 1 questions

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SumoPowerful SumoPowerful Sat Dec 14 2024 | 7 answers 1935

What happens if you dont pay back a peer-to-peer loan?

I took out a peer-to-peer loan but I'm wondering what the consequences would be if I don't repay it. Will there be any legal action taken against me or will it affect my credit score?

What happens if you dont pay back a peer-to-peer loan?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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