What happens if i cant pay my personal loan

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What happens if i cant pay my personal loan

00 per month), at no extra costs. Facility Cost and Fees Example. Facility used R1000. Admin fee R 100. Service fee R 60.

VAT R22. Interest R 17. Total costs R 199.

What happens if i cant pay my personal loan

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Late Payments Hurt Your Credit Score. Please be aware that missing a payment or making a late payment can negatively impact your credit score. To protect yourself and your credit history, make sure you only accept loan terms that you can afford to repay. If you cannot make a payment on time, you should contact your lender immediately and discuss how to handle late payments.

What happens if i cant pay my personal loan