The Consequences of Defaulting on a Cash Advance Loan  Cash
advance loans can be either secured or unsecured, meaning you
may or may not have placed collateral down on the loan. If you
did not place any collateral, the consequences of defaulting
will be different from with a loan secured with collateral. In
both cases, though, a default will bring fiscal and credit
penalties.  Fiscal Penalties  You will find fiscal penalties
follow the majority of late payments and loan defaults. These
penalties will be disclosed up front in your loan contract.
High-risk loans, such as unsecured cash advantages, tend to have
much higher penalties for missing a payment. In fact, payday
cash advances can have astronomical financing penalties if a
payment is not made in full on time. Whether your loan is low or
high risk, you will likely have to pay additional fees. The fees
go up due to interest only if they are not paid on time. The
cost of a loan can continue to increase over the delinquency
period leading up to a default. Th