If you fail to make payments on time or default on your loan payments with LoanMe Money Lender, you will be charged late payment penalties or interests. These charges will be based on your credit score and could add up over time if not managed carefully. Additionally, it could also impact your credit rating in the long term. It is therefore important to adhere to the repayment schedule agreed upon when applying for a loan with LoanMe and make timely repayments whenever possible.