Late Payment penalties differ from lender to lender. Lenders may be forgiving if you contact them directly, though some may automatically add a fee if it is in their agreement. For more information, please contact the lender directly if you have any issues repaying your loan.
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WHEN DO I REPAY THE LOAN. Loan repayment terms differ by lender. Thus, it is important to check the loan agreement from your lender for information on the lender's repayment terms.
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The lender then takes the fees and the loans never arrive. Sometimes, advanced-fee lenders impersonate legitimate lenders by stealing or forging logos and letterheads from legitimate companies and drawing up fake contracts.
Some lenders may even commit identity theft with the information they collect from you. Advanced-fee frauds are also promoted through legitimate media outlets, newspapers, magazines, and classified ads. They often feature toll-free 800, 866, or 877 numbers. Sometimes they use area codes from Canada, such as 416, 647, 905, or 705.
Dont be fooled. Just because they advertise in a legitimate medium, dont assume they are a legitimate company.