What are the consequences of failure to repay the loan?

Keep in mind that opting for a loan also decide on the timely repayment! Only in emergency situations, you can use the option of extending the loan period (but remember that this involves an extra fee, which increases the total cost of credit).
 

Keep in mind that opting for a loan also decide on the timely repayment! Only in emergency situations, you can use the option of extending the loan period (but remember that this involves an extra fee, which increases the total cost of credit).
Always before deciding to contact a consultant and co-Lay down strategy.
If you do not repay the loan on time and not extend the repayment period you are required to:
- Bear the cost of sending information from a reminder of repayment.
- Repay the interest penalty charged for each day of delay in repayment
- Bear the costs of the collection process if the company comes up with such a request
- Bear the cost of litigation (if the company enters a lawsuit to recover the receivable).
Therefore, always repays their loan on time!


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