If you know in advance that you might struggle to make a repayment on your personal loan, please get in touch with us right away. We know things don’t always go smoothly in life. We don’t want to add to your stress, and we’ll do everything we can to help you through.
Missed or late payments on your personal loan can result in:
• Extra interest charges (You can find information about those in your loan agreement)
• Court proceedings leading to an order to pay us back (called a Judgment) as well as extra interest and charges
We don’t want it to come to this for any of our customers. But if we don’t hear from you, we have to take measures to get the money back. This will mean it’ll cost you more. It could also have a negative effect on your credit rating, which could cause problems if you need to borrow again in the future.
Always remember, we’re here to help in any way we can. If you’re worried about your repayments for any reason, please get in touch.