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What if I miss my due date?
A Borrower is given 2 attempts to payback the loan to a Lender at due date.
If both attempts fail, the Lender has 7 days to decide to either send the Borrower to Collections (requiring pay back) or Gift (not requiring payback)
The Borrower has the option to manually pay back the outstanding loan during the Lender’s 7 day decision period, and also if the loan is sent to Collections.
Updated: 01 Oct 2018 01:51 PM
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