What happens if I miss a loan repayment?
Asked a year ago
If you miss a loan repayment with Zenith Financial Group, there are potential consequences. Firstly, it is important to communicate with us about the situation as soon as possible. Late payment fees may apply, which will add to the amount you owe. Moreover, your credit score may be negatively affected, causing difficulties in future loan approvals or increasing interest rates. Additionally, persistent non-payment may lead to additional fees, collection calls, or even legal actions like wage garnishment or asset seizure. However, Zenith Financial Group aims to assist our customers in challenging situations. We encourage you to reach out to our customer service team to discuss potential solutions or alternate repayment arrangements to avoid further repercussions and maintain a positive relationship with us.
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