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What happens if I default on a CD Secured Loan?

If you are unable to repay the loan, the lender may seize the funds in your CD to cover the outstanding loan balance. Defaulting on the loan can also negatively impact your credit score.

People Driven Credit Union has teamed up with GreenPath Financial Wellness to assist our members in improving their finances and credit. To get started, call GreenPath at 877-337-3399, mention that you’re a PDCU member, and schedule an appointment with one of their representatives.



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