No one will write off your loan debts. There may be some option to stop payments, but no one will take into account your situation and ability. You will have to repay the loan.
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I see struggle now, but I don’t see you becoming a permanent loan defaulter. With patience, wise planning, and possible support from your bank or loved ones, you will find a way through. Relief and stability are on the horizon.
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If you encounter difficulties ,you may become a default on your loan. You need to be careful and take precautions in this situation so that this does not happen.
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A specialist will help you understand the situation and develop an action plan. You will have to fight for your rights and defend your position. Make sure you know your rights and don't allow the bank to abuse its position.
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