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Late fees

MOD charges a 10% late fee after a missed payment.

Updated over 9 months ago

A late fee is charged after a missed payment for your advance.

The late fee is 10% of what you borrowed, and it's added to the total amount you owe.

Example: A $25 advance comes with a 10% ($2.50) interest fee, making the total amount due $27.50.
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However, if that payment is late, an additional 10% ($2.50) is added to that balance, so the new balance due would be $30.

Any time you borrow, we'll first give you all the details about your due date and any fees before you accept an advance.

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