What happens if I miss a loan repayment?

If you miss a loan repayment with Wizard Home Loans, it is important to take immediate action to rectify the situation. Delinquency can result in several consequences including late fees, negative impact on your credit score, and potential legal action. To avoid these ramifications, contact Wizard Home Loans as soon as possible to explain the situation and discuss possible solutions. They may offer options like restructuring the loan, deferring payments, or setting up a repayment plan. It is crucial to communicate openly and honestly with Wizard Home Loans to find the best resolution for both parties involved. Remember, proactive communication and seeking assistance can potentially mitigate the negative effects of missing a loan repayment.