If you cannot make a payment on time, you should contact your lender immediately and discuss how to handle late payments.
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Some borrowers, however, use Payday Loans for several months, which can be expensive. Payday Loans (also referred to as Payday Advances, Cash Advances, Deferred Deposit TransactionsLoans) and high-interest loans should be used for short-term financial needs only and not as a long-term financial solution.
A short term loan should be used for short term financial needs only, not as cash loan india long term financial solution. Customers with credit difficulties should seek credit counseling or meet with a nonprofit financial counseling service in their community. You are encouraged to consult your states consumer information pages to learn more about the risks involved with cash advances.
State laws and regulations may be applicable to your payday loan. If you do not pay your loan according to its terms, your lender may: charge you late fees, send your account to a collection agency, report your information to a consumer reporting agency which may negatively affect your credit score, offer to renew, extend or refinance your cash loan india, which may cause you to incur additional fees, charges and interest. We are not a lender. Only your lender can provide you with information about your specific loan terms and APR and the implications for non-payment of your loan.
Ask your lender for their current rates and charges and their policies for non-payment.
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