Effects of non-payment or deferment
Some lenders will charge you for early payments while others will not. Yet again, others simply charge you extra fees for defaulting. For instance, if you were to pay on Tuesday an amount of $3000 but extended the payment by another week so that you pay the following Tueday, then you will be charged the same amount for interest so that if the interest was 3%, then you end up paying twice on the interest rate for delaying by one week. This could prove expensive in the long run, so the earlier you repay the outstanding amount, the better. In the worst case scenario, the lender will file a case for non-payment which could end up being ugly. You case will be taken by credit agencies and foil your chances of securing a pay day loan in future.
Affordable payment option
Realizing that people usually have a problem retaining a high credit score due to repayment options, we take up the initiative to help our clients find the friendliest lender in terms of interest rates as well as well as repayment options. We shall organize a way in which you will secure extended repayment period with low monthly payments so that you do not default on your payday loan. The low monthly terms mean that you will not default on you’re your next pay day and that you will be able to improve on your credit score. Talk to us today and learn more on how you can benefit from low monthly payments.