Implications of non-payment: There are no financial implications. If no payment is made the loan simply defaults. Collection practices include sending a text message or email reminding the client payment is due. There is no impact to a client's credit score for late or non-payment. Loans are renewed when an interest payment is made. APR does not exceed 36%. There are no additional fees or penalties when renewing a loan. The loan is not required to be repaid within 60 days. The minimum repayment period is 1 day and maximum is 10 years. An example of a loan is: borrower takes $100, repays $106 in 90 days. Loan is fulfilled.