If you don’t repay a loan from Branch, several consequences can occur. Firstly, there’s a possibility of harassment and communication from the company. They might send you threatening messages or spread false information about you to friends and family to pressure you into settling the debt. Additionally, you may face late fees, adding to your financial burden.
Non-payment can also negatively impact your credit history, as Branch might report the default to the National Credit Reference Bureau (CRB). This could hinder your ability to obtain loans from other lenders and potentially affect your employment opportunities.
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Consistently meeting repayment obligations is important for maintaining access to favorable loan terms and higher borrowing limits in the future. For any concerns or assistance, Branch provides various channels for customer care