Loan non repayment
1 year ago
I took a personal loan in 2020 while working in a private bank , 14 payment were done correctly but in the mediaeval i got cheated by a person and lost a fortune and then after i am unable to recover from that incident financialy still i am paying small partial payments for the Personal loan , what will happen if i delay payment and still close by paying small amounts
A.Hello Sir,
There are three main ways a late or missed payment can impact you financially: You can be charged late payment fees. You may face having the interest rate on your card raised to the penalty rate. Your late payment may be added to your credit history and can end up affecting your credit score.
There are three main ways a late or missed payment can impact you financially: You can be charged late payment fees. You may face having the interest rate on your card raised to the penalty rate. Your late payment may be added to your credit history and can end up affecting your credit score.
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