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Can I receive another mobile loan if I defaulted on my last one?

 mobile loan default

Getting another mobile loan after defaulting on your previous loan repayment will be determined by the next lender's risk appetite. In general, an existing loan must be paid off before a new one is advanced in the case of a mobile loan.

Before applying for a loan, you should be in urgent need of one and have a repayment plan in place.

Remember that your loan information is shared with credit bureaus.

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