In March I took out a loan from Ace Loan services , I was paying it on time but lost my job through corporate downsizing.I had tried to maintain payments but not able .My wife works ,and with the bills we have today are not able to pay the outstanding loan. The loan was for $1,000 and managed to pay $800 of and they want their full $1000 plus intrest.I have been bothered at work and the phone calls just keep coming.Will all this affect my credit