What about Collections and Credit Scores. Dont worry, if a situation in your life interrupts your loan repayment schedule, our team will make sure that we modify your repayment agreement based on your current needs. However, as our company is in full legal compliance with Canadian lending regulations and standards, we have to demand full payment of any outstanding amounts, interests or costs if there is a default payment under a modified repayment agreement.
Additionally if we incur any legal fees (judicial and extrajudicial) as a result of a default on your modified repayment agreement, we will claim these fees and ask you to repay us. If for some reason we cannot come to an agreement about your loan repayments, we will have no choice but to assign your file to a collection agency, which can negatively impact your credit rating.
It is in your best interest to make sure your loan is paid back according to our repayment agreement or your modified repayment agreement.
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Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice. This website is not an offer to lend. WhiteRockLoans. com is not a lender and does not make loan or credit decisions. WhiteRockLoans. com connects interested persons with a lender from its network of approved lenders. WhiteRockLoans. com does not control and is not responsible for the actions or inactions of any lender, is not an agent, representative or broker of any lender, and does not endorse any lender.
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