What happens if I don't pay Nelo?
If you don't pay your loan on time, your balance will start accruing late fees and you'll be reported to the credit bureau (Buró de Crédito), which can affect your credit history. That's why it's important to pay on time or contact support if you need help.
How does it affect my credit bureau report?
Like any credit institution, Nelo reports your payment behavior to the credit bureau (Buró de Crédito). Paying on time helps build a good history; late payments can be recorded and make it harder to access credit in the future.
Having trouble paying?
If you think you won't be able to pay on time, contact our support team as soon as possible. We're available 24/7 to help you find a solution.
