Initiation fee (charged upfront): R480. Monthly service fee: R69 Total Amount payable: R12 929. Fees are subject to change and will be affected by customer risk profile.

For more information contact us on 0861 729 727 | Postal address PO Box 111 Goodwood 7459. RCS is a registered and Credit and Financial Services Provider. NCRCP 38FSP 44481. Quicklinks. © 2018 - RCS Group.

Do unpaid payday loans affect credit

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Do unpaid payday loans affect credit

Payments towards reducing the outstanding balance on the Facility can be made at any time. This is not a business loan and does not have a fixed monthly repayment amount. Payments can be made to the account without any penalty. As the Facility is revolving, the agreed credit limit will not be affected. What happens if the business is unable to pay the weekly interest.

Failure to repay the interest instalment on time will result in the Facility being suspended. This action will also be taken if the monthly account maintenance fee falls into arrears.

Do unpaid payday loans affect credit