71 APR. Implications of Late Payment. If you are unable to repay your loan on time for any reason, please contact your lender as soon as possible. Late payment fees are set by your lender in accordance with the regulations in your state, and lenders also determine their own policies in regard to how they handle late payments. There are several courses of action that your lender may take, so you should check your loan agreement for specific information that pertains to your lender.
Implications of Nonpayment. Financial Implications вЂ The cost associated with short term loans of up to 500 can range from 15 to 40, and these costs may climb even higher for loans that are greater than 500 in value. Before you sign your agreement, you should check these fees carefully. Similarly, there may also be charges applied for nonsufficient funds. As an example, if your 100 loan is 15 days past due, you may be assessed a charge that is equal to 10 of cash loans in washington state principle balance as well as a 25 nonsufficient funds fee.
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You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer cash loans in washington state you cannot afford to repay or that includes terms that are not acceptable to you. Late Payments Hurt Your Credit Score. Please be aware that missing a payment or making a late payment can negatively impact your credit score.
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