What happens if I miss a loan repayment?

If you miss a loan repayment with Esanda, there are a few consequences that you should be aware of. Firstly, late payment fees may be incurred, increasing the cost of your loan. Additionally, your credit score may be negatively affected, making it more challenging to secure credit in the future. The missed payment will also be reported to credit reporting agencies, which could impact your ability to obtain loans or credit in the future. It is crucial to contact Esanda as soon as possible if you anticipate or experience financial difficulties. They may be able to offer alternative repayment options or work out an arrangement to help you meet your obligations and minimize the impact on your credit score.