Just one missed payment on your credit report can decrease your credit score by 90 - to 110 - points and mean thousands in additional interest payments on new loans. (peerfinance101.com)
The funds can either be received as a lump sum, or in small daily installments with additional interest payments of 10 %. (nookipedia.com)
The drawback becomes apparent simply by calculating the cost of additional interest payments, which can total thousands for the privilege of just saving the difference of a few dollars in monthly mortgage payments. (rismedia.com)