What happens if you don't pay back online loans?
I took out an online loan recently but I'm worried about the consequences if I can't pay it back. What are the possible outcomes if I default on my online loan?
What happens if you don't pay back a flash loan?
I'm curious, what exactly transpires if an individual fails to repay a flash loan? Are there any severe consequences or penalties in place for defaulting on such a loan? How does the system handle these situations to ensure both lenders and borrowers are protected? I'd appreciate a clear and concise explanation of the potential outcomes and implications of not fulfilling a flash loan obligation.