Late fees: Lenders frequently charge borrowers a late fee if repayments are late or documents arent exchanged on time. Make sure to find out what late fees are and on what date your payment will be considered late.
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Late Payments Hurt Your Credit Score. Please be aware that missing a payment or making a late payment can negatively impact your credit score. To protect yourself and your credit history, make sure you only accept loan terms that you can afford to repay. If you cannot make a payment on time, you should contact your lender immediately and discuss how to handle late payments. 2000 payday loans online.
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