Bank Loan - Defaulting

Rosstopher

I have recently had some bad dealings with a bank where I have been overcharged fees, loan repayments have come out on unscheduled dates, etc. among other things and frankly I don't trust them as an institution anymore.

I currently have a loan taken out with them that I am paying monthly, it's a 4 figure loan that's not a too far off 5 figures.

I realise how bad this is, so please save judgment, but I am heavily considering defaulting on this loan. They don't have my correct address or anything so I think it will be fairly easy to do.

My question is, what's the worst they can do if I decide to default? Can they take me to court and what would the process be?

I'm aware this is very unethical and will greatly affect my credit score if not completely annihilate it but I am willing to go down this route.

BuffyBot

I'd advise a) maturing and reading the forum charter before posting threads like this, so that you don't post threads like this.