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Are there any negative consequences of not paying the processing fee?

Curious about Processing Fee

Are there any negative consequences of not paying the processing fee?

Yes, there can be negative consequences of not paying the processing fee. If you fail to pay the processing fee, the lender may reject your loan or credit application. Additionally, if you have already received the loan or credit, not paying the processing fee can result in late payment fees, penalty charges, and can negatively affect your credit score. It's important to read the terms and conditions carefully and understand the consequences of not paying the processing fee before applying for a loan or credit product.

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