If you miss two payments, according to our agreement you will be on automatic default. This means we will send your case to a Collection agency, report it to credit bureaus and the fees are much higher. Don’t let this happen. Always talk to your SellersFunding account executive before and try to work on a solution.
Articles in this section
- How do I make my payments?
- Do I need to transfer, wire or write checks for my payments?
- What are my payment dates?
- Can I prepay my loan?
- Can I partially prepay my loan?
- Are there any penalties or fees for late payments?
- Are there any prepayment fees? How does It work?
- What if I miss one payment?
- What if I miss two payments?