What happens if I miss a loan payment?

If you miss a loan payment with Xpress Loan Servicing, there are a few consequences to consider. Firstly, late fees may be imposed upon your account, which can increase the overall cost of your loan. Secondly, your credit score may be impacted negatively, potentially affecting your ability to secure future loans or credit. Moreover, Xpress Loan Servicing may also contact you via phone, email, or mail to remind you about the missed payment and discuss potential solutions, such as creating a new payment plan or setting up automatic payments. It is essential to communicate with Xpress Loan Servicing promptly if you miss a payment to address the issue and find a suitable resolution that works for both parties involved.