All you need to know about MyJar
What if i miss MyJar payment or will be late re-paying?
If you feel like you will not be able to repay your loan on time or are having money issues, please contact your lender directly as each lender has different code of practices and terms. The terms and conditions relating to your loan will have been provided to you by the lender before you signed your loan agreement and will have sent you a reference copy to retain.
The consequences of non-payment can include:
• Making it more difficult for you to obtain credit in the future.
• Further interest or charges being applied to your loan as you will need to amend your original loan agreement with an extension.
• If you are unable to resolve the issue with your lender, they may refer you to a third party credit agency.
So please read carefully the terms and policy presented by the lender before accepting your loan agreement. If you are likely to miss or have any problems making a payment you should contact the lender directly.
Is it possible to renew my loan?
We do not recommend to renew your loan but in some cases this can be unavoidable. Some of the lenders may allow renewals of the loan. You are advised to contact your lender directly who will discuss your options with you.
More info: MyJar Alternative