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If you cannot make a payment on time, you should contact your lenders and lending partners immediately and discuss how to handle late payments.
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Some of the lenders in our network participate in what is known as automatic loan renewal. Simply put, if your loan is beyond a specific amount of time past due, your lender will rollover your loan. This may be offered to you in addition to options like repaying your loan in full at a later date or repaying your debt in installments over time. The minimum term for an automatic renewal is 15 days and you will likely be required to pay renewal fees and additional interest charges.
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Loans provided by independent, participating lenders in our network are designed to provide cash to you to be repaid within a short amount of time. Personal loans for single parents on centrelink short-term loans are not a solution for long-term debt and credit difficulties. Only borrow an amount that can be repaid on the date of your next pay period. Consider seeking professional advice regarding your financial needs, risks and alternatives to short-term loans.
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