I have a curious question here..

My friend lost her car which she purchased at about RM70K something and her loan is stood at the same amount..

The insurance company only paid about 80% of the value of the car, therefore, the balance of loan after the insurance payment for the lost car is RM20,000 something..

She was asking me, lets say if she did not pay anything to the bank, what will happen?

She wants to open a bank account, but not willing to settle the balance of RM20,000 something to the bank.

What is the consequences that she might have to face in future? What will happen to her monies in the bank?

I add have a clean record in my CTOS..

But I have done some balance transfer lately.. Previous balance transfer are all paid weeks before due date..

Will that affect the credit score when I am going to apply for a loan?

Just want some opinions and views from you guys..