If you have credit card or personal loans, as well as alternative lending that you are paying back, then you are probably paying the minimum while using more on the credit.  However, if your financial situation changes, then you may run into problems with paying back the amount that you owe to creditors.  If you don’t do anything to resolve this, such as getting help with debt, then you can expect a number of steps to occur so you will have to pay back the loan. 

1.  Correspondence from creditors.  The original loan that you have received will first go to creditors to ask to pay back the amount that you owe.  Most will also send letters on a monthly basis with the minimum due.  If you have only missed one to two months of payments, then the regular monthly statements will come.  However, after this time frame, a specialized collection letter will come from creditors to receive the full amount due. 
2. Movement into third party creditors.  If you still don’t pay back your loan or receive help with debt, then the debt will be sold to a third party.  Typically, this is combined with a series of calls as well as notices to collect for the amount due.  If you don’t speak with the agents that are trying to contact you, then they can take further action, such as contacting you from alternative sources. 
3. Changes in financial arrangements.  After 6 months, the amount that you owe will begin to change.  It is mandatory that credit collectors stop the interest rate fees and late fees from accruing and try to collect the full amount due.  Debt settlement and other programs will be placed at this point.  If nothing is arranged, then the financial arrangements can lead to a mandatory court proceeding in which you are asked to go to civil court to explain why you can’t pay the finances or to make an agreement with the creditors.