March 30, 2007 4:29:00 PM CEST
I always wanted to know what happens when you take on a loan and then experience problems with repaying it...I am pretty debt adverse and am glad that right now I am debt free. But I am always been asked by my bank to take out this and loan - I rent and intend to because I might not be in NL this time next year so taking out a mortgage was a road I didn't want to walk down.
I know what happens in the UK when you are unable to pay any loans but does anyone know what's the process in The Netherlands? Are you really the serf of the bank?
What happens, is they will come to your house, drag you out and march you to Dam square and give you a public beheading!!