I cant pay

Asesor Credilemon

05/03/2025 18:21

Hello, Mohamad

If you can’t meet a due date, we recommend that you contact the lender and explain that you won’t be able to meet the deadline. Most lenders will agree to give you an extension so you can pay them at a later date. They might charge you an extra fee, but it will be less than the penalties they’ll apply if you miss the deadline without talking to them.

Now, to make sure that you can meet the new deadline, you must take a good look at your finances and identify expenses that you can cut out for the time being. If you can spend less, that will be more money that you’ll be able to use to repay the loan. Paying off the loan should be your priority so that your credit score isn’t negatively impacted. Some examples of expenses you could cut out are eating out, ordering coffee, and subscriptions you don’t use. 

We hope this helps.

Best,

Credilemon team