Can loan companies sue you

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Yes, loan companies can sue you if you fail to repay the loan according to the terms and conditions outlined in the loan agreement. If you default on your loan payments, the lender may take legal action against you to recover the outstanding debt. This could result in a court judgment against you, which may lead to wage garnishment, asset seizure, or other consequences depending on the laws and regulations in your country. It’s important to communicate with your lender if you’re experiencing financial difficulties to explore potential solutions and avoid legal action.

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