Read the loan agreement carefully before signing it. You are to be aware that in case of non-compliance with the terms of loan repayment stipulated in 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 agreement and notify the lender in case of any delays. Having successfully repaid one or more loans, you can expect to improve your credit score, increase the amount you owe.