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Causes of Freelancer Loan Delinquency Several elements contribute to the onset of delinquent loans. One of the first causes is monetary hardship. Unexpected expenses, similar to medical emergencies or job loss, can pressure borrowers’ capabilities to fulfill their monetary obligations. Additionally, a lack of budgeting skills or monetary literacy can lead many borrowers to overextend themselves, making it challenging to keep up with mortgage payments. Those who stay paycheck to paycheck are significantly susceptible to delinquencies, as any surprising expense could disrupt their payment schedu

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