Lenders are within their rights to report your failure to repay a loan to one or all of the major credit reporting agencies - Experian, Equifax and Transunion. This negative record can be reflected on your credit history indefinitely until the loan is repaid in full.
After the lenders receive payment in full, they can report it to the credit reporting agencies. We remind that late payment or non-payment of your loan can have negative impact on your credit history. Some of the lenders in our network may automatically renew your short term loan if it becomes past due.
This term is clearly identified in your loan agreement. You should check your loan agreement for your lender's policy on automatic loan renewal prior to e-signing it. If your loan is renewed, there will be additional charges as determined by your lender, and the minimum term can be set personal loan pull transunion. Your lender may offer you other options in addition to renewal, including the ability to repay your loan in full at a later date or repay your loan over time in a series of installments.
Vancouver: 604-630-4783 Halifax: 902-332-3579 Toronto: 289-472-5204 Edmonton: 780-652-1419 Toll Free: 877-730-8406. Prefer to visit a Store. No Problem. If you'd like to come down to our storefront and do your application in person, have a look at our Store Locations Page. We'll be happy to help you out.
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