At Gravyinstantfunds.com, we aim to protect you from unfair lending practices through:
We work with legally authorized lenders to ensure you receive quality services. Check each lender’s terms and conditions, including interest rates and payment policies, directly with them.
Your credit score reflects your creditworthiness and affects loan approval. Factors that can negatively impact your score include:
Even with a less-than-perfect credit score, loan approval is still possible. All loans are subject to credit approval.
Borrow responsibly. Late payments incur fees, which are specified by the lender. Review all documentation before signing and contact your lender if you anticipate difficulty in repaying on time.
Timely payments are crucial. Missing a payment can lead to fees and negatively impact your credit score. Review your loan agreement for your lender’s missed payment policy and contact them if you cannot make a payment.
Some lenders offer loan rollovers for missed payments. This option involves fees and does not reduce the principal owed. Rollover payments are subject to the same interest rates as missed payments.
Lenders may offer different renewal policies, including:
Failure to address payment issues may lead to collection activities. Lenders typically notify you before starting collections, which may involve a collection agency. Review your loan agreement for details on collection practices and contact your lender for more information.