What can threaten in case of loan default?

In the case of non-repayment of the loan will accrue penalty interest you. A table with the method of calculating interest, please visit Cashper. Keep in mind that such interest significantly increase the amount of your loan and you may find that the projected total cost is much higher because of the billed amount.
Remember also that you become burdened with the costs of informing you about passing the maturity date and any prompts and notifications are sent at your expense!

 

In the case of non-repayment of the loan will accrue penalty interest you. A table with the method of calculating interest, please visit Cashper. Keep in mind that such interest significantly increase the amount of your loan and you may find that the projected total cost is much higher because of the billed amount.
Remember also that you become burdened with the costs of informing you about passing the maturity date and any prompts and notifications are sent at your expense!
Another possibility, which can benefit every financial institution is the way the collection agency or court. In both these cases, the borrower jestosobą which bears the cost of such proceedings.
Remember that any short-term loan under the law is equally treated as a long-term loan!


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