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Defaulting on an existing loan can significantly damage your FICO score and increase interest rates as well. In the worst case scenario, the lender would attempt to recover the lent amount by foreclosing your property, seizing bank account or other assets.

Virginia became known as the Old Dominion State because of the loyalty its original settlers had to the King of England in the 1600s. Virginia has diversified agricultural sectors ranging from tobacco to apples.

Starting a small business depends on the type of business and the market scenario. It also depends on the scale of business you are looking to acheive. Please do visit http://answers.biz2credit.com/ for more information.