What happens if I miss a loan payment?

If you miss a loan payment with CashCall, Inc., it may result in certain consequences. Firstly, a late fee will be imposed according to the terms and conditions of your loan agreement. This fee will be added to your outstanding balance. Additionally, your credit score may be negatively impacted, as missed payments are reported to credit bureaus, potentially affecting your future borrowing abilities. CashCall, Inc. may also engage in collection activities to recover the overdue payment. These activities can include contacting you through phone, email, or mail, and employing third-party collection agencies if necessary. It is advisable to communicate with CashCall, Inc. and explore options to catch up on missed payments to minimize the impact on your financial situation.