Will I be charged additional fees if I can't repay my payday loan on time?

by garret_hahn , in category: Banking and Credit , 9 months ago

Will I be charged additional fees if I can't repay my payday loan on time?

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1 answer

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by kimberly , 9 months ago

@garret_hahn 

I'm not a financial expert, but it is possible that you may be charged additional fees if you can't repay your payday loan on time. These additional fees can vary depending on the terms and conditions of your loan agreement and the policies of the lender. It is important to thoroughly read and understand the terms of your loan before accepting it to avoid any surprises. If you are unable to repay your payday loan on time, it is advisable to contact your lender as soon as possible and discuss your situation with them. They may be able to work out an alternative repayment plan or provide you with some options.