What is the process for loan renewal?

The process for loan renewal generally involves several steps that a borrower must follow, and it may differ based on the policies and procedures of CashCall, Inc. Typically, a borrower would need to contact the lender to express interest in renewing their loan. This may involve providing updated personal and financial information, as well as reviewing the terms of the original loan agreement. Once the borrower initiates the renewal process, the lender usually assesses their eligibility for renewal based on factors such as credit history, income, and the repayment record of the existing loan. The lender may also conduct a review of current financial circumstances to determine if the borrower qualifies for new terms, which could include a different interest rate or loan amount. After the assessment, the lender will present the borrower with the new loan terms if they qualify for renewal. It is important for borrowers to carefully review these new terms before agreeing to them. In some cases, borrowers may be required to sign a new agreement to formalize the renewal. For accurate and specific information regarding the loan renewal process, it is always beneficial to refer to the current web page or resources provided by CashCall, Inc.