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If you are unable to pay on time, each lender has their own policies with regards to fees and interest, and how they collect outstanding debts. Some lenders may pursue you by legal means in the event of repeated non-payment.
Most will contact you by phone or letter in order to rearrange payment. Non-payment may result in charges andor raised interest and may affect your credit score. Please read the charges section of the lenders website before finalising your loan. Collection Practices. Most lenders will contact you by phone, letter andor email in order to rearrange payment.
Non-payment may result in charges andor raised interest and may affect your credit score.
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