What happens if I miss a payment?

You will be sent a letter advising you that the payment has been missed and you are in default of your credit agreement. If you do not make the payment by the time stated in the letter your credit agreement will be terminated and your insurance policy will be cancelled.

If there is a need to resubmit a request for payment to your bank you will incur an additional default fee as shown in your loan agreement.

If you need to discuss your missed payment please contact Premium Credit Limited (Contact Premium Credit).