I was laid off and recently made payment arrangements with all my creditors. There is one creditor that is tell me that are unable to make any arrangements and that I will have to come up with 30-50%. It is a personal loan from a bank. I was paying on time until I lost my job.
Is this true or are they trying to get more money from me? My second question is what's happens if I don't have 30% to pay them?