Read the loan agreement carefully before signing it. It should be understood that in case of non-compliance with the terms of repayment of the loan established by the agreement, there will be penalties. In case of delay, a penalty will be charged from 0.1% to 1% of the loan amount for each day of non-payment. In case of long delays and lack of feedback from the borrower, the debt can be transferred to collectors. It is recommended to make payments in accordance with the schedule agreed in the contract and notify the creditor in case of any delays. Having successfully repaid one or more loans, you can expect to improve your credit history, so you can get a loan on more favorable terms.