You have 3 options when it comes to repaying your payday advance loans and CSO loans:
Payment in Full: First is to pay off the loan in full when your next payday arrives.
Extension: If for whatever reason you cannot make your loan repayment in full on your first payday, you may extend your loan and pay only the fees which are due on your first payday. Your loan will then carry over until your next pay cycle at which time your principal and new loan fees are due. The availability of an extension is subject to approval by CashNetUSA and individual state requirements. Extensions are not available in all states.
Partial Payment: If you are unable to make your full payment, you may also pay off the fees on your loan and pay some of the principal of the loan on your first payday. This partial payment of your principal on your first payday will lower the outstanding principal on your loan. Since the loan principal you owe is now lower, the amount of your loans fees will also be lower as a result of your partial payment. Your remaining loan principal and fees will be due at the end of your next pay cycle. payday advance loans and CSO Loans extensions are not available in all states.
