Terms and Conditions
By agreeing to these terms and conditions, you (“borrower”) acknowledge and accept the following regarding your weekly loan from WEEKLY15
1. Loan Repayment:
The Borrower agrees to repay the loan amount, including any applicable fees and interest, according to the agreed-upon weekly schedule.
2. Late Payment Penalties:
- In the event of a missed weekly payment, a late payment fee of 15% of the outstanding loan balance will be applied.
- This late payment fee will accrue weekly for a maximum period of two (2) months.
3. Repayment Plan:
- If the borrower fails to repay the loan within the two-month period, the lender may offer a repayment plan.
- The repayment plan will be based on the borrower’s ability to pay, as determined by the lender.
- The repayment plan must be reasonable to the lender.
- Acceptance of a repayment plan will disqualify the borrower from obtaining any future loans from the lender.
Default and Asset Seizure:
If the Borrower defaults on a repayment plan by missing a scheduled payment, the Lender reserves the right to seize and sell assets belonging to the Borrower.
The value of the seized assets will be equivalent to or greater than the outstanding loan balance, including any accrued fees and interest.
The lender has the right to sell these assets to recover the outstanding debt.
The borrower agrees that the lender is allowed to enter the borrowers property to recover these items.
Changes to Terms:
The Lender reserves the right to modify these terms and conditions at any time. Borrowers will be notified of any changes.
Consent:
By accepting these terms and conditions, the borrower consents to the lender conducting any required credit checks, and agrees to the methods that the lender uses to collect outstanding debt.
