What happens if I am unable to repay my home equity loan?

If you find yourself unable to repay your home equity loan, it is important to contact Citibank immediately. Your home is collateral for the loan, so failing to make payments could ultimately result in foreclosure. Citibank's priority is to assist customers in finding a solution to their financial difficulties. They may be able to offer options such as loan modification, refinancing, or forbearance to help you manage your payments. By reaching out to Citibank early on, you can work together to explore alternatives and potentially avoid the serious consequences of defaulting on your home equity loan. Keep in mind that each situation is unique, and discussing your specific circumstances with a Citibank representative will help tailor a solution that best fits your needs.