The most common risk is
bad credit. That happens because of your failure to pay on time, even some of
you may also fail to pay the debt. Poor credit will make it difficult for you
to apply for a loan or even rent an apartment to live. Ease of access also
makes it difficult for you to get an apartment because today's landlords can
also review your credit score. To fix this you might need to visit the bank
that gives you a credit card and restructure many things in your account. It is
not a one-day job, it takes time.
Website: https://bluewatercredit.com/how-to-refinance-a-car-or-auto-loan-with-bad-credit-and-late-payments/
