What to do if you can't pay your loan
Steps: contact lender immediately, request payment plan restructuring, know your consumer rights.
Last updated: 2026-02-01
Overview
This guide provides information about What to do if you can't pay your loan in Colombia. Understanding this topic helps make informed financial decisions.
Key considerations
- Always verify lender legitimacy through official channels
- Understand complete terms and conditions before accepting
- Compare multiple options before deciding
- Know your financial consumer rights
- Beaware of common scams
Before applying
Review these important topics:
- Standard requirements for online loans
- Hidden costs and total loan expenses
- Interest rates and payment terms
- Your genuine payment capacity and budget
Frequently Asked Questions
How do I get started?
Start by reviewing requirements, comparing options, and verifying lender legitimacy. Visit our loan offers page for current options.
Is this safe?
Safety depends on choosing legitimate registered lenders. Always verify credentials and never pay advance fees.
What documents are needed?
Typically Colombian ID, proof of income, contact information. See complete requirements.