What happens if I dont have the funds to repay the loan?
We know that it is your intention to repay your loan on the due date. But in case you can’t, Cash 1 is committed to collecting past due accounts in a professional, fair and lawful manner. If your check is deposited and returned by your bank due to insufficient funds, Cash 1 may charge a returned check charge if permitted by applicable law. (You should be aware that most financial institutions will also charge an NSF fee for a returned check and in some circumstances might revoke your checking account privileges.) You will be responsible for full payment of your account, including the returned check charge. We will contact you to collect the amount due. If necessary and appropriate, your account may be turned over to a collection agency.
